Apparently Bitcoin Cash has been racing lately, bouncing back and moving upwards in spectacular fashion. Sell walls on Binance and Bittrex keep moving NORTH, which indicates we might be in for some serious gains, especially for those of us who just recently took the chance to invest in the token.
The number of transactions on the network is also going through the roof, and in my humble opinion this is thanks to read.cash and noise.cash, but I could be wrong. What I do know though, is the fact that order books on Binance and Bittrex are looking way too thin above the $600 mark, so anything is possible at the moment of speaking.
Price looking good, 24h volumes looking AMAZING. If that's not bullish, then I do not know what is. Seriously, western governments are pushing for the gradual elimination of the use of physical money, and if you ask me, this is one of the major reasons why we are witnessing the price action that we currently do.
There is a lot more to come without a doubt, so sit tight and enjoy the greenery! Market depth indicates that the price will keep moving upwards, but you never know what is going to happen next, as it is a complex equation with several important factors that we ignore and have no way of knowing. But the signs are there, and they're good!
Can we get even closer to the ATH? It depends. If the ongoing lockdowns persist, we are in for some big surprises. What is bearish for liberty is bullish for the cryptoverse, and like it or not this is where we are at the moment. Also, the aforementioned applications are definitely driving the price of BCH upwards at the moment, and will prbably continue to do so as more and more users are flocking into read.cash and noise.cash.
Make sure to visit the platforms and get started already. It's easy, free and worth it. Don't say I didn't warn you! Have a few glimpes of my progress on noise.cash so far:
I also scored a few nice predictions based on the market depth of ETH/USDT and BCH/USDT pairs on Binance and Bittrex. God, it feels good to be able to tell people ''I told you so"! Especially when you've got absolutely nothing to lose! Safe bet! ;)
To be frank, the signs are there and most of the time they tell the truth, but as I stated above, nobody really knows what happens next. So it's merely speculation, combined with a bit of luck. That's why you should always research things on your own.
Hurry up, visit https://noise.cash/ and get started. The perfect way to earn Bitcoin Cash for your microblogging activity. Find me here: https://noise.cash/u/lordneroo.
Same goes for https://read.cash/ but for longer blog posts in case you are interested. The bad thing is you can't cross post there your own content, which sucks. but it is what it is. They make the rules, we follow. Find me here: https://read.cash/@lordneroo.
Hope to see you there soon!
Alright guys, that's it for now. I sincerely hope you learned something new today.
Just my two cents. This is by no means financial advice. Just sharing my personal views and experiences. Please do not take my word for your investment choices, and always do your own research.
Stay safe and have a good one,
Image Sources: 1, 2, 3, 4, 5, 6, 7, 8, 9
