There is no short answer to that question, yet we do remain confident that eventually, the markets will return to their glory.🔥
With all major Cryptocurrencies flying up at stunning rates. We must however consider this as correction, don’t get ahead of yourselves because sadly, this positive trend will no doubt tail off over the next few days.
At the time of writing, Ƀitcoin Cash is valued at $748, and is up 8.14%, EOS is valued at $8.00 and is up 9.03%, Monero is valued at $125.88 and is up 13.72%, Ethereum Classic is valued at 14.96 and is up 9.48% and finally, Ontology, is valued at $5.16, up 17.32%.
Throughout the weekend, the markets have taken a significant tumble, a tumble that in turn has dragged the majority of cryptocurrencies right down to new 2-month lows. As a matter of fact, numerous currencies have lost so much value, people are starting to wonder if they will ever return to the heights experienced back in December and January.
At the time of writing, Ƀitcoin is valued at $6,176.83, up 4.66%. Ƀitcoin is sitting just above $6,000.00. It is important that Ƀitcoin remains above this threshold as, going in the opposite direction would cause a great deal of resistance for Ƀitcoin should attempt to move back up in the future.
The markets are starting to balance back out and therefore, over the next few days we need to wait and see what will happen, before we can truly work out how the markets are going to perform, leading into the upcoming month.
Note: “Spend some time with Ƀitcoin. Learn it, challenge it, and use it. You can assume no government wants you adopting this system in any capacity, and for that reason alone it’s worth consideration by honest, moral, and industrious people”
“Economists and journalists often get caught up in this question: Why does Bitcoin has value? and the answer is very easy, because it is very useful. - "Erik Voorhees"
