Published
5 years ago on
August 18, 2018
“In the past 24 hours, an increasing number of investors have started to reallocate their funds from major digital assets like Bitcoin and Ethereum to tokens such as Ontology, VeChain, ICON, Pundi X, Nano, and Waltonchain, pushing the valuation of the crypto market up.â€Moreover:
“For months, investors have been reluctant towards investing in tokens and high-risk trades. It is positive that an increasing number of retail traders are committing to small market cap cryptocurrencies, pushing the volume of the crypto market upwards. The ideal scenario for the market in the next few days would be Bitcoin demonstrating stability in the mid-$6,000 region, establishing a foundation for a big rally in the short-term.â€See the full article for yourself, here. As this recovery creeps up with Bitcoin and allows the currency to find a balance, the markets will be set up for a short surge in the future. Let’s consider this, Bitcoin currently has a dominance within the markets at around 52%. As a result of this, a climb by Bitcoin will pull the rest of the markets up too, therefore balance now should set the markets up for ‘more luck’ in the coming days. It’s unlikely to last and the markets will recover from this surge, but at the very least, this could offer investors a good opportunity to move some assets around, into the altcoins that are likely to spike 50% again during the next market recovery, whenever that may be.
