Top 5 Crypto Performers Overview: BSV, XEM, TRX, BNB, BTC
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In a bear market, the sentiment is most bearish right at the bottom of the trend. The entire heard says to sell. Short sellers laugh away to the bank and many analysts call for a further fall. With majority of the news being negative, it sounds logically correct.
However, when the downtrend enters a capitulation, it usually signals a bottom. Going against the trend, at such times, turns out to be a profitable decision. A prolonged downtrend is also a good time to sell out the positions that don’t have sound fundamentals and shift into cryptocurrencies that have a bright future.
Though the total market capitalization of cryptocurrencies has plunged about 87 percent from its highs, Bitcoin has managed to maintain its dominance above the 50 mark throughout the fall. This shows that its leadership position remains intact and we have to watch its price action closely to forecast direction for the entire crypto markets.
credits:https://cointelegraph.com/news/top-5-crypto-performers-overview-bsv-xem-trx-bnb-btc