Monitoring the crypto market this days your get surprised every now and then due to the sharp increase in prince of most cryptocurrency. Crypto exchanges won't stop sending me notifications of the increase or decrease of coins. Many cryptocurrency are doing very well this time. The bull season always change the crypto market to always be fun.
Today in this post I will be discussing about the crypto market. The increase and decrease of some cryptocurrencies and why we should be careful while investing in any crypto.
Crypto Market Movement
There has been a drastic change in regards to the way crypto market has been trading. These days almost every cryptocurrency is increasing in value. Let's talk about some of them starting with Bitcoin.
$BTC
It hasn't been all that long when Bitcoin was struggling to cross the $40k level. Many were even very afraid to invest in Bitcoin at that moment. For many months bitcoin traded with the $30k to $40 level. Gradually we see Bitcoin climbing the hill to $60k. It has stopped there, there is every possiblity that with the way this particular cryptocurrency is increasing in value it will reach $100k before the end of the bull run.
Imagine buying Bitcoin when it was $30k and now it is $BTC. Honestly you would have made a lot of profit. But you see, the Crypto market is unpredictable and anything can happen.
$HIVE
Hive is another coin that is surprising me. This coin made a drastic move that I couldn't believe. From $0.3 to where is it now. Hive has it own blockchain and is my favorite coin. Their transaction fees is almost nothing.
I'm predicting the hive coin to reach $1 by the end of the bull season.
Solana
Solana is another coin which has been making waives all over the place. I can remember seeing Solana at $65 last two months. To my biggest surprise this coin has moved all that high to more than $120. I think this is a good project to invest in but at the same time proper and diligent research is really needed before investing.
A lot of people are building their projects on the Solana chain. I this is one of the factors boosting Solana value. The transaction fee of Solana is also cool, and the transaction is very fast. I don't this Solana is a pump and dump coin because many likes the project and are supporting it. For me I think Solana will reach $500 before the end of the bul run.
$ETH
This is one coin I dislike a lot. Recently it has added great value. Just like other cryptocurrencies it keeps increasing in value. The gas fee of Ethereum is so crazy that why I don't like the coin. Many do buy it and that fine. I don't like it doesn't mean others doesn't like it or won't invest in it.
This coin continue going up without any hindrance. Just take a look at the trade stick. Honestly this coin is doing really well. I don't just like it because of their crazy gas fees.
Shib
Shib has remain a kind of dormant until now. I bought it when it was very low and because is not growing I sold it off. Lastly I saw shib claiming so high in the crypto space. I really wants to buy it again now but I'm kind of afraid not knowing if it will return to where it was or keep moving forward.
One of my friends who didn't sell his shib keeps smiling seeing that his money has doubled since shib started going up. The Crypto market is unpredictable and anything can happen. A crypto not doing well today can tomorrow claim hill.
Market has changed and every thing seems to be moving right now. This is how crypto market is moving, and as we can see the market is moving smoothly.
Note: I'm not a financial adviser. I only made this post for Educational purpose. Kindly do your own research before investing.
Credit
All pictures are mine.
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