It’s no secret that crypto markets are highly volatile. From #Bitcoin to #Dogecoin to #squid , we have seen how the market keep bringing surprises for all the crypto investors. Even the case with our #Hive too is not differrnt. We have wirness a leap.and fall in its process. From staggering $3 to $0.30 the votality nature of rhr market keeps the swinging the coin prices. Be it a stable coin or with the case of various alt coin. We have seen similar trend to every coin. The Speculation and various world news events are responsibile to drive price swings in crypto.
(my own edited image)
Speculation on #ETH
With the speculation in sight, today I was expecting a substantisl rise of #eth prices due to the rise of a phoenix account. An 8 years old dormant account comes alive suddenly to make a 100 ETH transaction yesterday. It is surprising how whales keep themselves hiding for so longer period. And how the account remain active. But this is the gift of #blockchain. Else like if we keep a bank account inoperative so long it will get dormant. But not so with the crypto account.
Anyway after the yesterday transaction alert check here by the whale which was flashed in the crypto market like fire in the jungle. I was speculating a good price uprise.
(Binannce eth trade chart)
However, we did not saw any major uptrend in the coin chart. Historical data indicates that similar instances, where substantial volumes were moved by large holders of cryptocurrencies, often triggered market volatility. But the coin chart shown a little volatile. The crypto enthusiasts will remains on high alert, closely monitoring the actions of these dormant giants, as their reentry into the market could hold implications for the altcoin's stability.
Rise of #FXS
One of my friend did predicted a sharp rise in #fxs share. He did asked me to invest and looking at my portfolio todsy I am not feeling any regret. The coin saw a 6.7% price change in last 24 hrs and give me a reason to smile.
(Binannce fxs trade chart)
Who does not wanted to see the portfolio growing and this coin exactly doing that. Fear Share (FXS) is one of the emerging ceypto currency on #defi projects and this price movement is making the prediction correct. Hopefully, to see similar price chart in coming days.
There are always a risk of investing in any coin as the price of a coin a hugely depends upon several factors. There are so many of the coins and making a prediction for a particular coin is work of a genius. I have seen similar positive price movement in few of the other coins like #rdnt and #arb. All of them were in Green todsy and make a perfect starts to the week.
This is my third contribution to #Inleo Monthly Prompt* for the m/o February.
Peace !!
Namaste @steemflow
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