Nothing new in the market!
Almost every single coin dumped to lowest levels possible (more than 70% retracement is a good thing for those who want maximum profits in coming days/weeks)
There will be a huge reversal on those strong cheap altcoins!
I like targeting solid projects that have lost the most value since the last major reversal. So my question for those who implement a similar strategy is which alts do you feel are MOST UNDERVALUED..
Let me know your picks and what you think of these..
SAFE BETS:
NEO, ICX, XMR, OMG, ELF: All solid top 25 guys that have lost a significant amount of value but have shown strong resilience when the market turns and virtually a lock to go 2-5x from here.
2ND TIER DUMPSTER FIRES:
SIA, Oyster (PRL), Nano, Wabi, Neblio, Poet, Salt, DRGN, LOOM: All interesting projects with solid use cases and a active communities that have gotten hammered in the downturn.. All are 80-90+% down from ATH and some are 40-60% down over last 30 days. I think Wabi, SIA and PRL have best shot at seeing a real pop when market reverses..
MOON SHOTS:
NCash - Eventhough its on binance with a real use case, good community and active implementation, it still hasn't popped. It may never but if it does, i'm seeing 10x. Partnership FUD prob hurt a bit but that turned out to be unfounded and should have passed by now. Lets see what happens.
Lunyr - Project looks like a bootleg wiki but its still newish and achingly low supply make this attractive for a pop.
SOLID BUYS:
These held up a little better and are most likely better long term holds than your riskier lower cap competitors.. ZRX, ONT, ZIL, WTC, LINK, WAN, VEN, DASH, BNB, XLM, ADA
• If you think any of these are shitcoins state why (i already know a handful will say 'all shitcoins' lol)..
• Would love to hear what you think I missed (I already know though.. TRX, Verge, Ripple gangs)..
• I left off lower cap coins because too risky for me. Cryptopia, Mercatox, Hitbtc, IDEX exchanges are scary places. If you like low cap projects explain use case.
• Beat it HODLERS! We already know what your strategy is! No need to repeat it 30 times in the comments lol. Love you tho!
The information provided by @arjunsingh is for informational purposes only. It should not be considered legal or financial advice. You should consult with an attorney or other professional to determine what may be best for your individual needs.
Thanks and good luck!!