Red Red Red Red, everything looks red in Coinmarket today. Most of the coins are running in red area. That means prices of all major cryptocurrencies decreased massively in the last 48 hours, Bitcoin price looks worse when you compared to its all time high 60k. Bitcoin is 20% down in the last 7 days. Currently price of bitcoin is at $49k.
People thought bitcoin would be stable at $50k, since many people like Elon Musk and Twitter's CEO invested in bitcoin when price of bitcoin around $50k, but it seems like price is falling down irrespective of the long holders.
Bitcoin's market cap was over 1 Trillion dollars with 55% dominance, now it's down to 900 Billion dollars. 100 billions loss in two days.
ETH doing any good?
Well this imperement loss affected ETH too, price of ETH is 8% low in the last 7 days. It's not much of a loss if you comapare ETH to bitcoin which is at 20% low.
ETH price looks still pretty good after all these red days. $2,231 price looks solid and it's still in dip, price go higher soon.
BNB's Roller Coaster Ride, Price is Moving Faster Up and Down
It's very amusing and sad at the same time. Price was looking damn good like exactly 24 hours ago, it was nearly 600$ mark, but today at the time of writing this article 23rd of April 2021, price is crawled down to $486. Price of BNB is moving so much quicker like a Roller Coaster Ride.
$600 for BNB and $60k for Bitcoin seems to be pretty hard for these coins to stay stable. There are so many panic users in crypto world. Predictions say bitcoin price could go as much as $400k but these panicked users selling both of these coins when price is reached their all time highs like $60k and $600 for bitcoin and bnb respectively.
Since many coins are running in red areas, it's definitely a buying opportunity to buy more cryptos. I would buy some Bitcoin and BNB if I had some liquid money. But I invested all in some defi sites like #cubdefi and #julswap. I'm not gonna sell my bnb, I know the potential of BNB. Even if everything goes wrong, I still have tonnes of farms on Binance smart chain, farm rewards can save my ass.
Hive price is 40% down
40% down means, 40% discount for people who want to invest in hive blockchain. Current price at $0.4072, price looks like it's on huge discount sale, I would buy some hive unfortunately I'm running out of money at wrong time.
Selling Hive is a bad idea, since the price is low and this is long term project. Hold for a life time, you miss out those curation rewards and annual 3% APY.
Wrapped Leo is 20% down
Like I said 20% low means, 20% on discount sale. Price looks tempting invest some. Wish I had enough money to buy some leo and hive together. We know the potential of leo, price can go over 1$ anytime soon.
Summery : Major crypto currencies are running low, total crypto market cap is below $1.73 from its all time time $2.03 Trillion dollars. Bitcoin is 20% is low, bnb seems to be highly volatile, eth looks solid comapred to only 8% loss. Hive and Leo prices on huge discount sales.
Note : This is a just a price analysis on crypto markets today. It's your wish to buy or sell but I say this is buying opportunity, follow your gut. Buy only if you are confident enough in something you trust in crypto world.