Cryptos Drop immensely 😱
Nothing never stays the same for real. Following the goods news we all witnessed in the world of Cryptocurrencies a week ago, these past few days haven't gone so well for the currencies.
Bitcoin dropped almost 15% yesterday after showing signs of stability above $10,000 to hit a low of $9,290. This drop has affected some exchanges than others. Following the drop in Bitcoin, most altcoins have also followed the trend to drop in value. As this seems a bit normal as Bitcoin gets a major boost after a huge drop, this time seems a bit different as it has affected most of the altcoins. Coinmarketcap.com shows pretty much of what I'm talking about.
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It's still slowly going down. (mid $9300)
ikr. It might even hit $8000 pretty soon if this continues.
Yes.... something gone wron in last 2 days. 😨
Exactly and its not good for us all.
I think the coins that are not affected are interesting. Dash was earlier showing rise when everybody else were dropping. There still are some glimbers mostly on the sub 500 section Monkey coin? ats.... I would have quessed that some pos coin could have proven to be a safehaven but im not seeing a clear winner here.
Yeah. Even though some coins are maintaining a higher value, they have reduce quite a bit. Lets just hope this changes quickly.
Maybe Cardano can be thought of as a sort of winner here. The initial rise before kept the overall value steady. Dont understand the rise in the firstplace though. Seems like a hypecoin to me. Things getting back to normal?
Some coins reign on hype actually. They gain huge prices and drop immensely in the long run. but we could be seeing prices going back up soon. Fingers crossed.
Its so shocking..
I know Bro. It’s bad. But this also seems like a great opportunity to buy as prices have reduced.
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STOPthats the market its never stable, it will still climb again
This post has received a 17.43 % upvote from @aksdwi thanks to: @andrekweku.
Thank you!