Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Topic started by: masterrex on August 03, 2020, 12:29:02 PM
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As I visit the CoinMarketCap today to see the price of my crypto holdings, I noticed that the total MarketcCap already reach $337.6 Billion and continue rising and the price of the Top ranking cryptocurrencies are rising too. Is this a sign that the Market is brewing for another Bullrun? or its just a normal market gains. Kindly drop your insights below!
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It's good to see the market gains but marketcap is still too far from ATH $800 billion. I think we've been in the bull run already since bitcoin broke $10k resistance. However, it's difficult to preditct where this bull run leads to. There are many hard resistances at $12.4k or $14k.
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I also see this picture. And I think there will be a bull market soon. But this is just my guess. Honestly, I can't even imagine what will happen next.
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Now there is a bullish trend and the cryptocurrency market continues to grow, but it is difficult to say with certainty why the cryptocurrency market is growing now, because it may be due to the corona virus or because of Ethereum 2.0 or something else, but for now like we are not going to fall.
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Of course, the market for cryptocurrency will run bull. The prices of all cryptocurrencies continue to rise. The cryptocurrency market has started growing day by day. The condition of many cryptocurrency is much better at the moment. But what is happening with some cryptocurrency in particular? All the amazing things are happening. For example, the prices of bitcoin and ethereum have started to rise. I know that there will be a bull run in the bitcoin market.
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Total capitalization has increased by 25% in the past 2 weeks, which is a good sign but such growth momentum does not represent the real value of crypto in the economy. The total value of assets injected into the market is probably only about 1-5%, the remaining 20% is FOMO and manipulation. I expected total capitalization to reach $400B and then $500B, but I am afraid it will fall to $300B by the end of August.
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Market is definitely warming up for a super bull run and i think it will be confirmed when crypto market breaks 500 billion mark in marketcap and once previous high of 800 billion gets broken market can really get unstoppable and this is highly expected this time around.
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Although many are still not sure about the turn out event of the cryptocurrency market as at present but on my part I feel we are already moving in to the season of bull run. I expect to see the marketCap grow bigger in the next few weeks if going by what is happening now. I am so exited about all these.
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Everyone is expecting BullRun but I see it is difficult for now if there will be BullRun.
Because I see that today the market capitalists are starting to fall again and today it is around 327,653,489,666 USD.
I also hope that the market will recover again and then I will get a bit of a return on long-term trades because I have a little bit of MATIC in my personal wallet.
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I feel the interest in buying crypto is increasing at the moment if I see the rise starting with Bitcoin and other altcoins so that the volume increases. I'm sure this year the price of crypto will be better
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Don't be too carried away by the bullish signs. These crypto market would always obey the trends and other information that is way beyond your control