If you look at the crypto heat map as of now then you probably will feel like things are not going well but I can tell you a different aspect of the market where things are pretty good despite it is looking red in the market. Let me tell you before I go into detail that sometimes a little red is also required in the market to get more people on board because not everyone is okay with putting their money when things are on the higher side. This is where we need some correction in the market so that a lot of people think that it is an opportunity and that is how many people enter the market.
This red is a symbol that there are price corrections in the market but it is not big and certainly, it can be a good time for many new people to enter the market but there is nothing to worry about since it is not crashing and this slight fluctuation is very normal in the market. The Bitcoin price is almost 100K and the Ethereum Price is also almost four thousand us dollars which has shown good growth in the ethereum price.
I believe that this road map is good and the crypto heat map is nothing to worry about because it is going well and this slide stability is also good power the overall market which I expect to improve in the coming days. I expect that the kind of momentum we can see on the altcoins is good and ETH itself will be moving forward to the price range of 5000 U.S. dollars in the next couple of weeks.
What are your thoughts about it and do you think that it is going to be more valuable whereas a lot of people would be entering the market because at this price I believe some sort of fear of missing out situation is started already. FOMO can be good for the market but it is not good for the new investors because many times they end up buying at a higher price and because of this they need to stay invested for the long term to cover the losses and become profitable.
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