After a meteoric 500% in a matter of weeks off of the low, we are left with an interesting scenario.
First it is more than possible that the pump continues, reaches and even blows past the previous relative highs.
The second scenario is a bit more interesting. With such a fast pump, it is possible and likely that people have become excited and begun buying more. A crash at this point is extremely interesting, as this would destroy the morale of long term holders as well as new buyers.
In my eyes, this would be the buying opportunity of a century if and only if there is to be a recovery attempt of some kind. If we were to breach the lows there is nearly a 2000% price increase to get back to the highs. This is not even considering the scenario of price breaking the highs.
It would probably take some sort of market wide FUD to trigger such a crash, but this is nothing out of the ordinary for Crypto.
Just my two cents.
First it is more than possible that the pump continues, reaches and even blows past the previous relative highs.
The second scenario is a bit more interesting. With such a fast pump, it is possible and likely that people have become excited and begun buying more. A crash at this point is extremely interesting, as this would destroy the morale of long term holders as well as new buyers.
In my eyes, this would be the buying opportunity of a century if and only if there is to be a recovery attempt of some kind. If we were to breach the lows there is nearly a 2000% price increase to get back to the highs. This is not even considering the scenario of price breaking the highs.
It would probably take some sort of market wide FUD to trigger such a crash, but this is nothing out of the ordinary for Crypto.
Just my two cents.