After some crazy gains from mid-July it’s time for these upcoming hyped coins to correct.
These coins are mostly popular (and only available) in a very small number of mostly Asia markets and eventually you run out of investors in the area.
IOTA is listed on only 3 markets
Also, the number of markets they appear in is very small compared to the established coins such as Bitcoin and Ethereum. For comparison, Bitcoin and Ethereum are listed in more than 400 markets! There's no way NEO and IOTA can compete in sustained investment volume with that!
Sure, they say IOTA holds great promise but as far as I’m concerned my refrigerator and toaster do not connect to the Internet just yet, this is all futuristic hype so far. I would say IOTA is greatly overvalued at the time.
NEO is the supposed Ethereum killer in Asia but I don’t see too many other markets joining in on the hype and listing it just yet.
Let the CryptoEagle swoop in
After every crash there’s opportunity. Asian investors, in particular Chinese mom and pop small time ones, are typically very easily scared. They will sell in panic and that’s when CryptoEagle will be ready to swoop in to gorge on the scraps. But first, I will monitoring the skies for volume. If I don’t see sustained monthly volume and greater market availability I will keep my wings far from these coins.
If the prices crash to reasonable amounts, more markets come on board and volume holds, you should take advantage of the situation and aim to buy a millionth of the supply of these coins as explained here.
Sleep well and continue on your happy journey to incredible wealth my fellow investors!
Check out my previous posts:
What percentage should you invest in each cryptocurrency? A guaranteed winning strategy
AS PREDICTED: The U.S. Market is entering a bear market. Crypto and Gold expected to soar!
Tell me what you think of this strategy in the comments below. This is not professional investment advise. I'm not your financial advisor. Only invest money you can afford to lose!
Happy crypto investing!
