Do you know even if the correct question is: why cryptocurrencies failing?
Sure, there are a couple of cryptocurrencies that are failing but that doesn’t mean the whole industry is dead.
This article will hopefully open your eyes and help you profit in the future when dealing with cryptos.
OK let’s recap because I believe we tried to answer this question many times. Honestly speaking, we addressed this topic before with technical and fundamental analysis.
Are cryptocurrencies dead?
If you recall, we cover an article where I explain the crypto bear market and the BIG PURGE. If you missed that article click HERE and check it out.
So, it is correct that we are still in a bear market because of some projects that failed to deliver what was promised.
I’m not going to you stories of unicorns and rainbows from a well-known source because you will just skip it. Instead, I will talk only NUMBERS and show you how smart investors are making money with cryptos.
According to Coin Market Cap, we have 2108 total coins listed on exchanges and a market cap of $122,5 billion. Analysts predicted a market cap under $90 billion before the end of Q4 of 2018. Also, the same analysts said that blockchain is unstable and that’s why the market cap will drop.
FAIL Predictions and Speculations for The Crypto Sphere
Starting with the one and only Warren Buffet who asked the media: “Are cryptocurrencies dead yet?” He tried to crack a joke but it was not funny. As much as we respect him as a successful businessman, let’s face it he is a dinosaur scared of changes.
Let the youth decide what their future will look like and stop making decisions like you’re going to live and experience the changes.
It is not up to governments or bank to shape our future and freedom.
We have the means now for financial freedom with the help of blockchain and cryptocurrencies. The real question to ask is how much you believe in it and not why are cryptocurrencies failing.
Top 8 Crypto Gainers
We will not go over the project, however, we will showcase their gains in percentage for the last 24 hours and past week.
- Dignity (DIG): +66,50% in the past 24 hours and +109,90% for the past week.
- LoyalCoin (LYL): +55.34% in the past 24 hours and + 98,80% for the past week.
- Proton Token (PTT): +50,18% in the past 24 hours and +94% for the past week.
- Bezop (BEZ): +48,89 in the past 24 hours and +40% for the past week.
- Bitcoin Atom (BCA): +45,79% in the past 24 hours and +68% for the past week.
- ION (ION): +41,62% in the past 24 hours and +62,31% for the past week.
- Credit Tag Chain (CTC): +34,15% in the past 24 hours and +44,15% for the past week.
- Aeternity (AE): +30,75% in the past 24 hours and +28,34% for the past week.
What is the Best Outcome Expected?
The possibility of a Bitcoin price of $2,900 is not excluded by end of February as second support. The first support will be at $3,250 and by the looks of it the crypto market is recovering slowly. Apart from support and resistance levels, we covered ho technical analysis can be useless for cryptos. Considering how crypto markets are moving Bitcoin can reach $10,000 by the end of Q2 of 2019.
Also, Ethereum, Litecoin, Ripple are keeping the tradition of following Bitcoin trends so gains are expected all across the board.
To sum up, the number we are expecting double the current market cap at $250 billion and the gains will not happen overnight.
If you are a crypto enthusiast and believe in the future of financial freedom then don’t bother with stupid questions.
How, When and Why are Cryptocurrencies Failing are Questions Pushed by The Main Stream Media
A final thought regarding these charades where Main Stream Media pushes negative articles that are affecting the crypto sphere. Those governmental puppets are publishing tons of negative articles just to make people stay away from cryptos. Banks and governments will never give the people financial freedom because that will cost them power.
So, before believing in such articles take a second and ask yourself what the government did for its people?
I will leave you with these thoughts and like always I wish you all Happy Trading and Every Success!