Over the past few weeks, there has been a strong feeling in the crypto community that we are on the verge of something special. The markets today though represent another failed attempt to move on to that next level. It is possible that we can see another dip before the markets make their next significant move.
Bitcoin And Ethereum Chasing All-Time Highs
Bitcoin this week continues to show strong resistance but sadly continues to be rejected at $60k. We don’t believe we will go below $55k for example but it is certainly not out of the question.
Ethereum is essentially following a very similar pattern to Bitcoin. This week it looked possible that it could make that significant push to touch the $2k mark, however at the time of writing the price is just shy of $1.8k and is in a speculative position, for the short term at least.
Altcoins That Have Seen Massive Gains This Week
On this site, we like to keep you up to date with some of the lesser-known altcoins that can be found on the market as it’s inevitable that some of these will see life-changing gains.
The coins we have emphasized this week are, Filecoin (FIL), Theta, and VET. All of these coins have seen 50% plus gains in the last fortnight and we believe that they have the potential to continue to outperform the rest of the market considering their modest market caps when compared to more recognized crypto projects.
As always before making any decision make sure you do your own research and only invest what you can afford to lose.