Crazy Crypto Coins going up
Published On : 2019-06-24 13:58:24
What an exciting crypto weekend, right? For the first time in the past 12 months. Bitcoin hit the magic number of $10,000 again, and after it did it went straight up to $ 11,000.
Does that mean the confidence of the consumers is back? No, it doesn't.
Cointelegrapgh reports that most of the trading volume isn't coming from retail investors, but in fact, the institutional investors are causing the price of crypto coins to rise. They go as far as saying that BTC won't stop at 20k this time around.
The 2nd largest crypto coin on CMC is Ethereum, which hit its 10 months high above $300. As Ethereum is the most used platform for Airdrops, we believe this could reflect possibly on all the projects that are built on the platform with ERC20 tokens.
It's not "altcoin season" just yet. As many altcoins, like Ripple, Litecoin and Binance Coin, are not following the pace that Bitcoin has set for them. You can check the prices of previous crypto airdrop coins here, to see if any of them surged in price.
Should you invest?
Investing in speculation that the price of crypto coins will go up in the short term, is very difficult. If you're not a Technical Analytics specialist, it can be close to gambling. If you are willing to invest here are a few tips:
1. Don't invest what you can't lose or can't miss on the short term
2. Do not put all your eggs in one basket
3. Avoid investing all your money at once
4. Learn how to keep your cryptocurrency coins safe
5. Look for ways to earn crypto instead of investing in it
Positive long term signals
With that being said, the future for crypto looks bright. With companies like Facebook, Twitch and BMW looking to make a move into blockchain it appears that mass adoption is possible in the future. Don't expect this to happen overnight. Think of it as a long term play.