Crypto Market Cap
Having a bit of a wild ride starting off at a low of $455,568,000,000 and shooting up close to $16,000,000,000 to a high of $481,512,000,000 for the day.
Bitcoin
Have we seen the recovery of Bitcoin? Starting off the day at a low of $9,581.35 and shooting up past the $10,000 mark to a high of $10,305.80!
24 hour gain of about 8.5%
Ethereum
Not yet able to break through the $1,000 mark just yet. Seeing a rise and fall early in the day hitting a high of $951.94 only to drop to a low of $915.18 shortly after.
Still see 24 hour gain of about 3%
Ripple
Starting on a slight recovery. While seeing a dip in price to a low of $1.11 early on in the day there is a rally up to a daily high of $1.16.
24 hour gain of only about 0.8%
Neo
Steadily increasing. Seeing a high of $125.76 early in the day to drop down to the daily low of $118.78 in just one hour.
24 hour gain of a mere 0.5%
With the market showing strong sings of recovery do you believe we will have another massive sell off as we reach some investors buy in prices or will this mainly be a buyers market and the start of the next bull run? Let me know your thoughts in the comments, love to get the community opinion on the matter.
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Best of luck in your investments!
-Blayzincrypto
Personally I think the markets will see a slight pull back but with many big personalities starting to promote the crypto world to their followers (Hodge twins joining Steemit for example) we might see crypto slowly being adopted by the masses which will be great for the entire market.
I completely agree with you. I believe the mass adoption has already began, now that the government has talked about implementing regulations while still allowing room for growth. It will be a slow steady rise until everyone has wrapped their minds around this new technology and how it will change the future of the internet for the better.
Couldn't have said it better and not just the future of the internet but of the world as we know it. We are already seeing almost every industry trying to adopt blockchain technology.
Absolutely agree with you. I believe that this will be the biggest change since the internet was released, in terms of how it will revolutionize the way certain things are done. Not only will the Crypto Market benifit from the mass adoption of the blockchain technology but, certain companies on the Stock Market will also benifit greatly from implementing the technology, from a investing point of view.