ALTCOINS WORTH BUYING IN MAY 2018
The whole Bitcoin Consensus, which is taking place right now, has potential to pump up the prices of many Alts and BTC. Historically we have seen increase in market cap in the previous events like that. In 2018 we have almost tripled the amount of participants which means that we might see more action in crypto market.
All of the coins are HODL for few days/weeks!
QSP/BTC
This one is interesting, on May 15th the company is supposed to reveal some “exciting” news. This type of message might start a hype reaction which will lead to potential price pump.
Looking at the daily chart we can see that MACD is about to crossover, however the volume is a little bit low which can be changed with HUGE NEWS that is potential going to be revealed. RSI is strong indicating growth.
TRX/BTC
People have mixed feelings about Tron because of the marketing strategies that this coin has been using, yet it is one of the most popular coins within community and it definitely has huge group of supporters.
There’s a big big event coming up, Mainnet Launch on May 31st, which most likely will lead to price pump.
Looking at the daily chart we can see that we are currently in a slow descending phase, which is normal because there is not much going on right now and most alts look similar, waiting for BTC to pump. I am stacking my bags with Tron, anything 900 Satoshi is a good buy zone.
ETC/BTC
ETC has three events coming up in May:
May 24th – Hardfork ( an update, trying to remove difficulty bomb)
May 31st – ETH Compatibility (this one is improving compatibility between ETC and ETH)
May 31st – Radex Launch (Launch of new exchange call “Radex” which will be operated on ETC blockchain)
All three events are really good catalysators that can pump the price.
Looking at daily chart we can see, that MACD is getting closer and closer on leaving the bearish movement and it is slowly crossing over. RSI is pretty strong, the next few days/weeks will decide what will happen. Good place to entry is between 22000 and 18400 Satoshi.
ALL OF THE COINS YOU CAN BUY ON BINANCE
