In case your are worried for dumps; look at this chart.
CRYPTOCAP UPDATE: I see a lot of people who are worried for dumps on ETH, BTC or any other coin. This is very justified because normally we see big dumps after big pumps; however: the total cryptocap is telling us a different story...
The story is simple and short; while most of us crypto enthusiasts have been in the space for years or at least months; most of the institutional investors and retail is still testing the crypto waters . Only since the end of February we had an influx of 1 trillion USD entering the pace hence why all coins went parabolic in the last month or two. But the trend doesnt stop there, the total crypto markets are set for an inlfux of another trillion by mid summer and if we have follow through into fall; we can see a totalcap of 3,6bn in Septermber / October. Question remains; where does this story end? Well lets take it step by step but in the most bullish scenario we could hit an 8tn total crypto cap by the end of 2021 or start of 2022; which means that most coins could do a 3 to 4x from here if we distribute the money inflow equally. In my opinion you want to hold fundamentally strong coins because my projection is that most of the money inflow (more than 70% coming from institutional investors) will go to these projects.
For now, we would like to see us hold the 2,224tn mark and find support on FIB level. If so, a breakout will be confirmed and we can rally 15% in May towards 2,5tn and potentially more... So to conclude; if this chart stay bullish , I stay bullish on almost any coin out there but especially the fundamentally strong ones. (linked my selection below)
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
The story is simple and short; while most of us crypto enthusiasts have been in the space for years or at least months; most of the institutional investors and retail is still testing the crypto waters . Only since the end of February we had an influx of 1 trillion USD entering the pace hence why all coins went parabolic in the last month or two. But the trend doesnt stop there, the total crypto markets are set for an inlfux of another trillion by mid summer and if we have follow through into fall; we can see a totalcap of 3,6bn in Septermber / October. Question remains; where does this story end? Well lets take it step by step but in the most bullish scenario we could hit an 8tn total crypto cap by the end of 2021 or start of 2022; which means that most coins could do a 3 to 4x from here if we distribute the money inflow equally. In my opinion you want to hold fundamentally strong coins because my projection is that most of the money inflow (more than 70% coming from institutional investors) will go to these projects.
For now, we would like to see us hold the 2,224tn mark and find support on FIB level. If so, a breakout will be confirmed and we can rally 15% in May towards 2,5tn and potentially more... So to conclude; if this chart stay bullish , I stay bullish on almost any coin out there but especially the fundamentally strong ones. (linked my selection below)
IMPORTANT: this is not financial advice, trade or invest based on your own risk and research.
Comment:
CONSOLIDATION UPDATE: we have a GREAT consolidation today people! Be happy about it and hold your bag tight. Why? Because its the beginning of the month and the week and if you want a green continuation of the week; we need to have a consolidation today in order to continue the run-up from Wednesday / coming night (Tuesday to Wednesday) on wards into the weekend. I bet you dont want it the other way around; today green and the rest of the week red... So dont worry, be happy! Market is looking super healthy with ETH being most healthy; I mean come on; ETH is still above 3300; if ETH stays above at least 3K today (but I believe ETH wouldnt go lower than 3200) we will see a 4K ETH this month but even more is possible. I dont sell my bag to whales and you should make your own decision but here is mine.
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