All the 2017-era has-beens are rallying today.
BCH, Tron, XLM, IOTA, Tezos as well..
This is kind of bearish actually, when low quality cryptos are rallying. It means people are just throwing money at anything that hasn't pumped yet. Top behavior.
I don't mind it, the Dogecoin pump by Elon made for some nice gains to.
The 2017 alt top:
Historical Snapshot - 07 January 2018 | CoinMarketCap
Go back in time. View a historical snapshot of all active cryptocurrencies on 07 January 2018.coinmarketcap.com
Historical Snapshot - 14 January 2018 | CoinMarketCap
Go back in time. View a historical snapshot of all active cryptocurrencies on 14 January 2018.coinmarketcap.com
Rallied the most today:
XRP 38%
Bitcoin Cash 11%
Stellar 18%
Iota 12%
Eos 12%
Tron 21%
Meanwhile quality coins:
Bitcoin 1.7%
Ethereum 2%
Dot 0%
Link 2%
Terra -1%
Solana -5%
Cosmos 3%
This was a coordinated ''2017 nostalgia pump''.
Not sure tbh but I'm not banking on anything happening just yet with XRP until everything crashes. XRP rises after Bitcoin crashes. Until then, it's just a tease
Cash out when it gets to $2.5 to $3 zone. I am not saying this because I've a bias against XRP, but seriously that might be the top for the next few months. Place sell limit orders there. Good chance it gets to it in April. $2 if you want to play it conservatively. Even if you are long term bullish XRP, you will be able to buy it back lower in the summer. Major cryptos never pump in the summer.
I'm not a trader when I'm in school so I won't bother for now. If I had time on my hands and was feeling ballsy, maybe I would sell 10% of my stack and wait for the dump and buy back again. But XRP isn't worth trading imo. Just buy and Hodl
I suggest you buy and hodl at least 1k XRP for the next 2-3yrs. Once the banks are ready to go, they'll maim BTC and 99% of cryptos with regulations. After that, they'll push their favorite cryptos (XRP, XLM, XDCE, IOTA etc) making them the standard.
With a limit order it can be executed even when you are asleep and you don't have to monitor it. Crypto often is very volatile in the middle of the night due to East Asian traders (China etc).
The summer dump happened to most alts in bullish years ('13, '17). So it is a low risk thing to sell it at highs in April.
I have investigated nearly all the alts and my conclusion at the moment is that only Ethereum or Polkadot can dethrone BTC in the next six years. Aren't you British? The guy behind Dot is British.
The exchange owner of Kraken is bullish on it (min 1:44):
88 Years Ago Today, FDR Banned Gold. Will A Bitcoin Ban Be Next? | ZeroHedge
ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zerowww.zerohedge.com
If they ever ban Bitcoin grown men will commit suicide in mass.
XRP hits a dollar, surpasses Cardano and Polkadot, how far can this run go
3-5 dollars, after clarity and launch of the flare network expect double digits.
3-5 dollars, after clarity and launch of the flare network expect double digits.