Ark has been tough for long term holders. After a huge run this summer, it has slowly trickled down. The last fat bitcoin run drove the price down and forced bagholders to capitulate. They just could not stand it anymore.
After a brief run up, Ark has done fairly well against bitcoin. However, the run past $10,000 is killing those that bought back in and you can see more dumping as they cannot take the pain.
This will create an amazing buying opportunity as the weak hands have been completely wrung out. The only ones left are dedicated long term holders and the loyal Ark holders that are staking the coin.
Not only do I expect Ark to rise, I think its set up nice for a massive run that is likely to be triggered with the release of a mobile wallet with official progress at 96% according to the roadmap progress report.
After a brief run up, Ark has done fairly well against bitcoin. However, the run past $10,000 is killing those that bought back in and you can see more dumping as they cannot take the pain.
This will create an amazing buying opportunity as the weak hands have been completely wrung out. The only ones left are dedicated long term holders and the loyal Ark holders that are staking the coin.
Not only do I expect Ark to rise, I think its set up nice for a massive run that is likely to be triggered with the release of a mobile wallet with official progress at 96% according to the roadmap progress report.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.