Altcoins struggling & seeking support before next cycle
Altcoin are clearly taking a hit with Ripple's struggles with the SEC suit. Altcoin market cap seeks support at 26-27% range in order to maintain momentum in this bull cycle and kick off (or continue depending how you count) the next alt coin cycle. As I expect Bitcoin continue to show strength and reach new ALT this year and push forward to its 2021 100k goal, alt coins will now start to follow again and pick up steam. There are many great protocols and value products out there. Particular in the Defi space. It's hard for the market to disregard this and only put it's money on Bitcoin. The largest margin will come from the favorite alt coins. Which those are will not be so easy to spot. Many around the DeFi space seem obvious, so look for the ones to stay; the ones that add value to the market [more on that on a later post if I manage].
Look for alt coin market cap by percent to hold this week and pick up momentum. This may very well be the last could opportunity to get some of the alt coins for a rebate.
Happy holiday season from me to my followers.
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Look for alt coin market cap by percent to hold this week and pick up momentum. This may very well be the last could opportunity to get some of the alt coins for a rebate.
Happy holiday season from me to my followers.
Drop me a like to support me.
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