it is said it is always calm before the storm.
What the **** is going on?
It is a beautiful day, the sun is shining and birds are singing. Somewhere across the street a man walks smiling. Elsewhere a mother pushes her baby in a carriage carefully as the little one takes in all the new wonders of the world. A family is riding down the street on their bikes.
However, somewhere deep in the digital world a storm was brewing.
Sunday, it seems that the day itself would carry more stability. Wrong, the day brings tides of uncertainty and panic.
6:00 A.M. the CoinMarketCap shows a capitalization of 109,766,000,000. Not too shabby.
10:00 A.M. the CoinMarketCap keeps us updated at a new standing price of 110,284,000,000
12:30 P.M. Hey, before we know it the capitalization is 111,014,000,000
_____-----_____-----here we go------______------______
3:30 P.M. the Cap taper off to 108,610,000,000
7:00 P.M. damn were now at 107,677,000,000
8:00 P.M. 105,420,000,000
10:20 P.M. oh my friends we are reading 102,368,000,000
and right now we are closing the day off around the rand of 106,000,000,000
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The market topped off at 111-B and bottomed out at 102-B
a TEAR of 9 billion, a spread of approximately 8.1%
--- lead by a powerful volatility in ETHEREUM- jumping from 330$ to 284$ - a spread of approximately 15%
Where do we go from here?
What is Ethereum looking like to you?
It would be a pleasure to hear some insight and opinions on this situation.
- Here to help and to learn
-CryptoFit