Price is still cheap, down from $1300 ATH, so if we will be able to come back at that price, that's instant x10 profit.
However, you might want to take advantage it on short term, a possible 100% return is easy at this movement it's showing now,
we need to see ETH at $500 then that's already money in short term.
However, you might want to take advantage it on short term, a possible 100% return is easy at this movement it's showing now,
we need to see ETH at $500 then that's already money in short term.
Do you think it will hit $500 any time soon? I have doubts.
We are still in Q2 and market start growing up so we can expect Bitcoin price can go above $10k in Q2 and Ethereum will follow uptrend.
Till now everyone is waiting for the market recovery but today look at the market, the situation of the market has completely changed the price of Bitcoin decreased a lot and it is affecting on other altcoins makes many people lose some hope because altcoin prices decreased a lot in the market.
Quote
In a sense, the short-term correction was triggered by a whales exploit of the current structure of the crypto market.
Had the market have more trusted, regulated, and widely utilized platforms, it may have been more difficult to manipulate the market and the prices of major crypto assets.
Peter Brandt, a respected trader and technical analyst, said on May 13 that the launch of Bakkt, which is scheduled to occur in July with the approval of the Commodities and Futures Trading Commission (CFTC) could have a long-lasting impact on the state of the crypto market. Brandt said:
This contract will be the death-nail in dozens and dozens of dishonest and il-liquid exchanges across the world as the industry drives toward standardized price discovery with custodian protection and a trade settlement process.
Had the market have more trusted, regulated, and widely utilized platforms, it may have been more difficult to manipulate the market and the prices of major crypto assets.
Peter Brandt, a respected trader and technical analyst, said on May 13 that the launch of Bakkt, which is scheduled to occur in July with the approval of the Commodities and Futures Trading Commission (CFTC) could have a long-lasting impact on the state of the crypto market. Brandt said:
This contract will be the death-nail in dozens and dozens of dishonest and il-liquid exchanges across the world as the industry drives toward standardized price discovery with custodian protection and a trade settlement process.