Post
Topic
Board Speculation (Altcoins)
Re: Altcoins enter bullish trend
by
novaprime
on 02/08/2020, 11:06:07 UTC
upon seeing most of the altcoins in top 20 are green for the past week I'm very positive that the market is very bullish, now is the very time to buy and hold. Seeing the ethereum increasing 100% from the past 6 months is such a relief, this year is going to be great for ethereum I guess. XRP is gaining some strength too, its price changes +66% from the past month, I got XRP in my portfolio, I must say a pretty decent amount of it and I'm glad that these coins are pumping. But don't take it too easy to get any profit, the market is still deep, it's just shallow when we look at it. Study the market, don't rush!
Now the price of ETH has crossed the $400 mark and this is only the beginning of the market. The altcoin season is coming very close, and this is a good time for people to make a profit because I am sure the investment demand in the next few months will increase rapidly. Based on what is happening, I can predict that ETH price will soon reach $800 by the end of this year or possibly higher.
do not be careless because this season looks bullish, we also have to be careful in stepping, especially to buy Ethereum which is currently expensive, I don't worry if you have bought it at cheap prices and try to hold, but if you currently buy, I'm not sure ETH will go higher
I missed this opportunity and will wait for the market to drop to invest more because the ETH price is now at a very high price so people should not buy during this time. I will wait patiently for this coin to return to $200 again because I think this price is a good price for me. However, nothing is certain as the crypto market is still very volatile and anything can happen.