The market reaction to the latest movements was awesome. It crashed at the speed of light and started to recover at almost the same speed.
To me this is a signal of a bull market still ongoing and we can't miss the opportunity of buying low to sell high. Of course all depends on a person's perspective, I am not a day trader, I prefer to see the long term picture instead of the short term one. But when I see that XLM gained 20% in one day after that huge crash I am really surprised and optimistic.
Another important thing that we can observe these days are the movements of Altcoins and group of Altcoins (i.e.: DeFi, third generation blockchain, remittance services...and so on).
Altcoins start to have their own life with less and less correlation with what BTC does. Moreover group of alt coins tend to move in the same directions (i.e.: CurveDao and Yearn Finance tend to move in the same directions and often with the same amplitude).
Maybe this one are obvious things for most of you, but if they aren't...happy to share :)
Make your research and do not take this as an advice.
Rob
To me this is a signal of a bull market still ongoing and we can't miss the opportunity of buying low to sell high. Of course all depends on a person's perspective, I am not a day trader, I prefer to see the long term picture instead of the short term one. But when I see that XLM gained 20% in one day after that huge crash I am really surprised and optimistic.
Another important thing that we can observe these days are the movements of Altcoins and group of Altcoins (i.e.: DeFi, third generation blockchain, remittance services...and so on).
Altcoins start to have their own life with less and less correlation with what BTC does. Moreover group of alt coins tend to move in the same directions (i.e.: CurveDao and Yearn Finance tend to move in the same directions and often with the same amplitude).
Maybe this one are obvious things for most of you, but if they aren't...happy to share :)
Make your research and do not take this as an advice.
Rob