As the days leading up to Christmas come, will we see a jump in crypto value?
I am curious as to whether or not there will have been a lasting effect of Christmas on cryptocurrencies. December has been a great month so far for currencies such as Bitcoin and Ripple—could this be related to the holidays? Surely there must be a larger influx of people buying crypto as presents?
Maybe in the following days we will see a greater price spike. For this reason, most considering buying into crypto should not do so until January as a precautionary measure (in my opinion). With the advent (pun intended) of so many new cryptocurrencies, it is hard to know which ones to buy, however, for the inexperienced it is much easier. Example: If you knew nothing about crypto, what would you buy first? Probably one that is cheap-and high on popularity charts. Most assume this would mean Ripple, you can get an abundance cheaply, it is widely talked about, and is one of the first to greet you as you open any crypto home page.
Also-feel free to respond to the following in the comments-why has there been a small drop in almost all cryptocurrencies in the last 24 hours? Most, if not all, of the 20 most popular experienced a small mysterious dip. Is this a routine occurrence? I did not see very many direct or obvious causes to this drop. It is a possibility that the dip has been exaggerated as well.