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Almost every alt looks under-priced now in terms of BTC. When the next price rally starts, I would expect BTC to lead and then alts to follow, so in general I would advise that once BTC has risen and starts slowing and momentum moves to alts, then choose that as the time to buy alts.
Take your pick I suppose from those in the top 100, but always DYOR, there are plenty to choose from, just make sure it has a strong team, use case and plan.
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It looks stable at the moment, and it looks like December 2018 was the bottom. However a stable price can break either way, and although I do think the bottom has passed, there is still the chance that we could drop again. Don't rule it out for certain yet. We need to push up through that low $140b resistance that we've touched a few times in the last couple of months. If we can get through that and establish higher support, that stands the markets in good stead for a further rise.
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There have been some signs that a recovery was starting - prices consistently above the December minimum, volumes high, general trend slowly upwards.
However this does seem to have stalled a bit in the last week or so. It is worth keeping an eye on current prices, as there may be a breakout either up or down. Whatever happens, I think it is likely that the whole market will move as one in the short-term.
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I think we're starting to come out of the bear market now. Prices are up a bit since the lows of December, and recent drops have been recovered quickly. The general trend is slightly upwards and volumes are relatively high.
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Like many alts, Skycoin has suffered heavily during the year-long market downturn. Regardless of its merits as a project, I believe that it will rise as the whole market recovers. I do believe in the project and I think it is good for the future, but the main price driver I think will be the whole market sentiment rather than developments with the coin.
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Now is probably the best time to buy in. It looks like Dec 2018 was the bottom, not certain but in retrospect it does look likely. The trend recently has been up, so I would say buy now if you haven't already.
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I think the trend may have turned recently. What we are seeing is that losses are quickly recovered, and the dips are getting cancelled out. I think it is looking much better than it has for a long time.
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Signs are now that we are coming out of the bear. It's maybe too early to say for definite, but looking back over the charts for say the last 6 months does seem to show that a recovery is in progress, albeit quite small so far.
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BTC has broken the psychologically important $4k threshold, and is (just about) holding it. The next step where I think we will see resistance is the low $140 billions whole market cap. We've got to $142b and $143b a few times recently, but always dropped straight back down. If we can push past to say $150b then I think this would be a strong indication that the bear is coming to an end, particularly if we can keep volumes high, so about $30b 24h volume (or above).
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There are a lot of tokens, many of them worth 0. The question is, why and which tokens will gain value in the longterm?
I'd love to buy a lot of coins, but many beautiful project doesn't need their tokens to release their products... I see a lot of tokens that have not use cases.. why should they go up?
I think you've said it yourself really. If a project doesn't need to be crypto, then there's no real use case for the token. Some need crypto by their nature, say for example smart contract platforms and IoT projects. One of the first things to ask when considering any project is: does this really need a token, does this really need to be crypto? If the answer is no, leave it alone. If yes, then there is plenty more to investigate regarding the use case. |
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The increase in volumes is an encouraging sign. As is the fact that we have remained well above that Dec 2018 low, which is now looking like it was the bottom of the market. We're not definitely out of it yet, but signs are quite positive.
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Short answer is yes. When BTC and top alts start to move up in price, they drag lower cap alts up with them. But whta is most important is the merits and value of the low cap project itself, not a temporary price move. If it moves up just because the whole market is doing so, then it can move down as well. What we really need is a strong project that will move up and be more resistant to market drops. Of course these are harder to find.
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suggest 2 coins tokens with low market with good probability to do x50 x100 x1000 in next years
The thing is when you ask this, you are most likely to get replies from bagholders - not necessarily on purpose though. I was going to recommend a low cap coin, but it's one I've held for a while and prices have been dropping consistently since ICO... the thing is people (myself included) can become emotionally attached to their 'hidden gem' low cap coins, without there necessarily being much chance that the coin will moon one day. So any recommendations should be taken with care. As always, DYOR. |
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The markets are starting to look quite strong now. We've shown strong support against further drops, and BTC has pushed through any $4k resistance now. I think the signs are that the bear market may be coming to an end. Let's see if we can hold this latest break above $4k for BTC and $140b for whole market cap. It is starting to look quite good.
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Now is certainly a good entry point if you want to buy Cardano, compared to its ATH it has fallen a lot harder than most top coins. It is perhaps more of a gamble than other cyrptos though, because so much about Cardano is based on expectations of future utility. I do think it's a good project, but its difficult to deny that BTC and ETH are safer choices.
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Do you think it's time to buy tokens now? the market seems quite low now, or should wait?
I think that now might be a good time, yes. The market seems pretty stable at the moment, and volumes are increasing. It's always difficult to gauge, but there's a good chance that the next direction of price movement is upwards. |
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I am starting to think it has bottomed out. It seems quite stable at the moment, there is resistance to further rises, but also there seems to be solid support whenever the prices start to dip again. Obviously this could break either way, but I do see the increased volumes as a positive sign, and the support we are testing is well above the Dec 2018 lows.
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Regardless of how people feel about Ripple and XRP, this is some good publicity which will help to promote and legitimise crypto in the eyes of the wider public, and counter the image of crypto as just a haven for cyber-criminals.
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In this difficult market, the value of tokens is reduced very low. So, how do you console yourself? I first: I calculated the number of tokens I received, then multiplied by the ICO price, followed by multiplying it by the current ETH price. As a result, I received the corresponding ETH. I took the ETH multiplied peak rates ($1500- 2017) And I told myself if ETH peaks (2017), I will get a lot of $. Haha! For example: I received 1000 ABC token. ABC token ico price: 0.2$ Total received: 1000 * 0.2$ = 200$ Current ETH price: 150$ So I will receive: 200/150 = 1.33E If ETH = $1500 is like 2017, I will have 2000$.  ) I don't like to say it - but that calculation only works if you can sell the token at the ICO price. In practice most coins drop in price dramatically once they hit the exchanges. If it is a good project, then it will likely increase again, but not for a long time. I suppose the answer is to research each project before you join it, to make sure you are only investing time in bounty campaigns for those that are likely to have a good long-term future. |
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