We're actually 10 days before Christmas and BTC hasn't yet managed to pierce the $20k strong resistance wall and claim it as a support for further impressive gains. It's an interesting and somehow exhausting waiting game for traders, but not for all of them. Some are actually betting for Santa to boost the price of cryotos and generate them nice profits this year.
I know it sounds unreal and it is, as no Santa from Finland could do that, but there is in the traditional markets a specific December rally that is called the Santa Rally, and that's what I was pointing at with my shitty metaphor.
Since 1970, around two-thirds of years have seen a stock market Santa rally, averaging a 1.4% gain. Bitcoin recorded massive Santa rallies in 2013 and 2017. Last year, bitcoin got a smaller late-December boost.
source
Will this year be one with no Santa Rally? I hope not, because I've already chosen my sleigh for this rally and that is... Wanchain (WAN). What's WAN, what does it do in the crypto world, why have I chose it and how much I believe in this slay of mine for the Santa Rally of 2020? Well, I don't really know much about this crypto and its blockchain, I don't care about it tbh, but I have a reasoning for my confidence in this shitcoin making me some Santa Money...
You see, there's a website, coinmarketcal.com where all sort of major and not so major events in crypto are listed and even categorized based on how hot, trending, significant or controversial they are, and if you've been following XRP's price action the past 30 days you would have noticed that it doubled its price prior to its airdrop, a quite bullish event for XRP lately, and this event has for sure made some money to people who paid attention to coinmarketcal months before it happened.
This event was for sure listed on that website, as many others, some being months in advance listed, and for someone that watches closely the occurrence of such events it could be a money making tool. I hope it will at least work for me. I knew about this site for about a year or so ago, but during the bear market, investing in projects listed over there wouldn't make much of a difference because the market usually dragged them with it.
I was remembered a few days ago about it, by a fellow leofinance user that I forgot his name unfortunately, and I decided to pay more attention to coinmarketcal lately and also use it properly. During a bull market, good news and events such as the ones listed for several cryptos on that site, will definitely weigh much heavier than during a bear market. Hence it is somehow similar to leverage trading, but without the risks involved. Well, not really like leverage trading, but you know what I mean.
If the whole market gets 1x, maybe that shitcoin having an airdrop or a main net launch, or whatever, will probably do a 2x, so why not profit from that. I've put $530 the other day on WAN and already on a $20 profit. WAN is currently sitting on a 8.0% price appreciation on the daily ($0.342 entry price and $0.367 currently). Can we do a 2x Wanchain? Hope so, and also hope this Santa rally to be real this year.
Why Wanchain you may ask. It is currently labeled as the coin with potential by coinmarketcal and has a tons of events happening on December 31st or sooner, so why not. Wish me luck, and I for sure wish you the same during this Santa Rally of 2020. Have a look at coinmarketcal.com, maybe you find some inspiration.
Thanks for attention,
Adrian