THE RIPPLE EFFECT OF BTC SPIKE HAVING NO IMPACT ON THE RIPPLE COIN: Still the coin to take an open risk on?
#Write2Earn #RippleTrends #BTC1trillion #TrendingTopic #PIXEL Recently, the crypto ecosystem had the good news rushing in. It came in that BTC had done the magic again! The foremost blockchain coin for the first time, in nearly 2 years peak at $ 1 trillion dollar capitalization. This news also coincidentally birth the new price at $50,000.
The BTC effect like everyone knows it somehow has a volcanic effect that ruffles other coins across all chains. However, despite this upward trend by most coins, RIPPLE has stayed flat in price movement. While this can be disturbing and discouraging, it's important to explain that the court case currently ongoing is one of the albatross the RIPPLE investors still contend.
This, I believe, will be in the interim, and just one positive news can torpedo the coin to a new highs. which coin you can still place a midterm bet on? with a few dollars, RIPPLE is one!
most Altcoins joined the bull train. Some relatively unknown Alt coins are having it more rainy than the big boys. And the reasons are simple:
1. Under- subscription - low capitalization - meaning the prospects for high reward is high when users saturate the total volume in supply.
2. Some have enough networks, subscription, and community but have plunged even beyond their ICO - meaning there potential to return ×10 profit is high.
3. Announcements of new projects, roadmaps, and visibility by the founders or community governing the coins.
4. Some coins have more than 100× price movement to make before getting to the crest - highest price the coins once reached during their initial bull run.
5. Coins that are undervalued compared to their volume in circulation. Many turned millionaires with DOGE and others, known then as "shitcoins," because they joined early.
While these coins have prospects, there are clearly pitfalls you should look out for and avoid.
I will share them in my next article.
I am Abiodun
Pioneer trader and trainer of FX and a crypto investor