The crypto market is highly volatile and as a result of this there's always a rise and fall in the market, people always love it when the market is favourable to them so thet the can make profits, the volatility of the market price is what makes it crypto although most people desire for the market to be stable but this is not always possible, but anyone who has been into crypto for years knows how to make use of the volatility of the market for his own gain. We are awaiting the bull run which we hope will take place soonest and many now are bagging different coins so as to prepare themselves for the bull run, anyone is allowed to bag some coins for the bull run but first you have to make your research.
Although am not a financial advisor and you need to make your own research but I will say that this is the best time to invest in crypto market, when you bag a coin you store it, and then when the bull run starts you can now sell and make profits, Soon there may not be any time to buy again or you might be buying at a high rate, so I will advise you to make your research now and invest wisely.
Crypto traders should not trade with emotions, because if the do the will not be happy and might easily give up, this is because there might be an increase in the price of a coin now and in the next minute there will be a big fall in price and a coin might be growing today and tomorrow it might be something else. In this article we will be discussing the movement of crypto currency (crypto market) and we will be using some cryptocurrency to show some of this movement.
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VISIBLE MOVEMENT IN THE CRYPTO MARKET
HIVE
I will love to first discuss about the hive token because currently am bagging them each day, as many may know the hive token is associated with hive ecosystem, and it is the native token that is being used in the platform, just like I said earlier am buying the token now because I need to acquire more and the market price of this token is decreasing, before the token was about $0.36 but now the price have decrease to $0.29, this is a very deep decrease put with time am sure the price will increase.
When I was doing my research, the top 3 cryptocurrency I saw on my list was;
Bitcoin
Solana
Ethereum
This coins are doing extremely well and it is advisable to invest in them*
- Bitcoin
Bitcoin(BTC) is the first cryptocurrency and it is wildly known my many and serves as a means of exchange, although Bitcoin has existed for a long time now, it is still the number one in the list of crypto currency and this is very nice, I have small amount of Bitcoin in my wallet and am holding it for a long-term, this is because they coin is doing well and will do more in the future. The current price of Bitcoin is $42k we know that the price will surely increase Soon.
- Solana(SOL)
The sudden increase in the price of Solana was like a surprise to many, Solana increased in a way we didn't even expect, many has been bagging this coin because they believe that this coin will do extremely well, I will also buy this coin soon, the Solana price is increasing more and more and investing in it will be a brilliant investment. The current price of Solana is $96 it was below $96 about few days ago but it has reached $96, am sure Solana will cross $100 in less than no time from now.
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- Ethereum(ETH)
Ethereum is last on my list and this coin is also doing great in the crypto market and the top 3 in my list according to binance, the coin has also be on the crypto market for long now and it's still relevant in the market.
Conclusion; Never trade crypto with emotions! Crypto currency is volatile and there will always be fluctuations in price, it might be favourable and it may not, many people have lost their money to crypto due to lack of research, before you make any investment in cryptocurrency, it is best to first make research so as to know the coins that will be valuable in the market, you can also find a mentor that will guide you through, but always make your own decisions, I hope the market movement will be favourable to you all.
This is my fourth entry for the February initiative, announced by @leo.tasks you are free to join this initiative and make post based on the topics in the February initiative, so you no longer have to be worried because of the topics you will write, this is because there are many topics for you to engage in. Here is the link to the February initiative
All images are from free site pexels.com thumbs image source
image caption Second image from pexels.com
Image caption third image from pexels.com
All screenshot images in this post are mine and I got them from binance app