We are all hoping for the next bull run, and many thought that the last week showed promising signs.
And then, today we have another price correction.
You can theorize all you want: maybe it's because of the mew hack, maybe it's just whales manipulating the market.
But the most simple answer, is that open markets routinely price correct as demand and supply constantly shifts.
In the case of a speculative, unregulated, and young market like crypto, the swings are more pronounced.
I think that what we will see here (and what I hope for more than anything), is that the market and investors grow up and stop throwing money at shitcoins.
The next bull run will come, I'm thinking mid may to late may.
And the coins that will perform the best, and throughout the year will be the ones that have an actual product and real world use case.
Whatever everyone else thinking about that as long as bitcoin is not breaking $8k barrier and it's no problem for me.
The chart looks stable right now after a little correction. "comeback" will have made by crypto as soon as possible. It's just the matter until people are rushing to the cryptocurrency again.
Its below $8k for sometime but the price is remain stable in that support. The price is red but i am also now thinking to be more patient rather than just panic. Correction and bullish, up and down is just normal in every investment. We know cryptocurrency is high volatile so no reason to not know this recent move.