Study 1
History never repeats its self but it often rhymes.
Comparing the two charts of these "Major Alt Coins" we see a similar pattern forming between the two.
The reasoning for my idea that DOT will form a similar pattern is due:
1. The economic stand point.
2. The recent bitcoin price run
3. Covid-19
As the world economic debt increases people will become more and more reluctant to purchase volatile assets. Usually #bitcoin being the main currency that drives the market, typically when $btc drops so does the #crypto market. Then finally with covid-19 cases rising faster and faster we might face another lock down.
History never repeats its self but it often rhymes.
Comparing the two charts of these "Major Alt Coins" we see a similar pattern forming between the two.
The reasoning for my idea that DOT will form a similar pattern is due:
1. The economic stand point.
2. The recent bitcoin price run
3. Covid-19
As the world economic debt increases people will become more and more reluctant to purchase volatile assets. Usually #bitcoin being the main currency that drives the market, typically when $btc drops so does the #crypto market. Then finally with covid-19 cases rising faster and faster we might face another lock down.