Steve Wozniak says that Bitcoin is the only digital gold and that a lot of altcoins are gonna get wiped out. He is definitely right to a degree in the sense that a lot of altcoins don't serve the purpose or the team doesn't have the drive to complete the project.
Remember all these coins have value even at the lowest amount but the tokens held by developers should be used as funding for future projects and increasing scale.
We saw the downtrend continue as soon as prices hit resistance today. We will have to wait and see but it seems we are caught in a channel still.
This chart is the best one ive seen on the movements of XRP realistically.
source: gjmullen
There are many VC funds coming out to invest in the crypto space and its gonna be interesting to see what happens.
My picks for the next 3 months of summer for best profit:
#1 KIN
#2 MTL
#3 XRP
#4 XLM
#5 EOS
Kin and MTL are both launching their platforms this summer on the app store which should drive volume to these tokens. XRP is obvious making waves with its runs of good news one after another as well as Stellar forming bonds with Nasdaq. EOS is an interesting experiment but it is made by our founder Dan Larimar of Steem. He's someone who can execute on a project as he has shown on steem and its resounding success so far!
Cheers
Dante
Disclaimer: Trade at your own risk, the views expressed in this post are my opinion and any decision made by yourself is your responsibility.
