MarketCap Support Found
Another case of markets coming back to where they came from as previous resistance as well as previous large sell-off hit earlier or re-test of previous and the market is rallying from here.
Another case of markets coming back to where they came from as previous resistance as well as previous large sell-off hit earlier or re-test of previous and the market is rallying from here.
At such an early stage of Crypto world development, an overview of a Crypto Market Cap can be very beneficial in understanding the general trends. I believe that in the future, we will see a certain degree of separation between several cryptocurrencies similar to DOW, Nasdaq and S&P.
It's actually quite interesting to start looking at the entire space as a whole instead of individual currencies. This macro perspective will likely help us considerably down the road as it continues building.
For me, seeing the mkt cap hit $88b, I knew it would come back up to test resistances. You could have literally bought almost any coin on the exchanges and turn a VERY fast profit. Market cap went from $88b to $100b so fast.