Welcome to September, the month of new ATH’s and bizarre volatility. When I wrote this post, I had no idea what September will really bring other than new all time highs and bizarre volatility and I seemed to be just right. If your coins haven’t hit new all time highs I’ve just gotta ask, is your coin even a coin? 🧐Except for Bitcoin ofcourse, and some special cases, Bitcoin is still yet to hit its ATH’s after peaking at $52k only to drop again to 46k.
Also if your coins aren’t bleeding in this moment, I will like to meet you and offer you a handshake. First handshake goes to myself and every Hive holder there is, a drop in few cents compared to what Bitcoin and other prominent projects have bled in the past 48hours makes you think Hive is totally absolved of the entire crypto market price action, this makes me think this dump is a dummy dump.
Coordinated dump FUD
The dump just had to happen on the same day that Bitcoin got legalized in El Salvador lol! Word on the street has it that it was coordinated to discourage new Bitcoin holders and to make president Nayib Bukele look bad, some also said it happened so that El Salvador could buy the Bitcoin it intended to give its citizens cheap. I personally don’t believe either of the two sides, these mundane occurrences never really determine the price action of the market.
In fact, what happened yesterday was a good show of Bitcoins volatility for those who are new, I loved how President Bukele even went ahead to buy additional 150 Bitcoins lol! I like that dude! El Salvador now holds 550 Bitcoins! Such a boss move!
Coins I’m looking to buy in this dip.
$DEC
Presently at $0.00654 from a high of $0.00810 and floor of $0.00782. The DEC presents a nice buying opportunity due to its potential upside even before the dip. I will set a dummy buy of 100$ worth right here at $0.00654 and watch happens in the next few days.
$SPS
This is what the one month chart looks like, currently on $0.256 from a high of $0.5, I remember picking up few SPS tokens at this range last month before it went up to 0.53 and doubled what I put in. I think the situation is presenting itself again. So I will be setting a dummy buy here of $100 and watch for further action in the next few days.
$Bnb
I’ve been slowly growing my stash of BNB for a while now, thanks to Cubdefi, it has also contributed to that growth as a result of my position on the liquidity pool in the Cub kingdom. The price of BNB reached $500 recently and seemed on the way to its ATH’s before the dump happened. It dropped to $384 last I checked and I thought it was a perfect time to buy, but i guess I wasn’t the only one thinking that, the price has regained it position over $400 and it looks like it’s on its way back to $500 again. I will set a dummy buy here of $100 worth. Let’s see what the coming days bring.
These are my three top picks for now, I’ll update this post with my dummy sell results as time goes on. What are you buying this dip ?