Bitcoin Dip Rebels: CRO AVAX , EGLD & Hive
It’s really great to see some certain crypto rise disregarding Bitcoin’s dip. It’s really annoying when you check the charts and you find all coins following Bitcoin’s dip like a lost sheep because of a fundamental. This time, it’s seeming like the the opposite, as some coins have decided to use this opportunity to spike up and get their all time highs. I guess people are pulling out their funds from bitcoin and investing on these coins.
Bitcoin is currently at $56k price which is quite deep, but when you compare how far the price of bitcoin has come you won’t be in so much worry. Well some of the coins that became dip rebels are the metaverse coins. Like the SAND, MANA, ENJ, mostly play to earn coins. But the coin that caught my attention is the Elrond (EGLD) coin. I keep seeing headlines on the coin attaining all time highs. The price is currently above $500, in October it was around $200. I don’t want to FOMO and buy this coin because I don’t know what it is. I tried googling the coin to try and understand why the spike and i didn’t find anything so special about the coin that will make me consider buying it. It talked about scalability, security and being fast. I was like really? Wow!!! The team must be doing a lot of PR because this is something we can find here on Hive, why is Hive not trading at $500.
Well good for the team and the price of the coin, I hope it’s case doesn’t be like that of ICP(Internet Computer). We saw the price ICP get so pumped, getting to a price close to $700. I just didn’t bother to find out what the utility was because I wasn’t interested in investing, then afterwards the price started declining real bad that the price is currently sitting at $42.
CRO is one crypto that we are going to be seeing a lot of highs soon because of its announcement. You must have heard that crypto.com has bought the naming rights of staples center, this deal is a 20 years deal for $700 Million. The new name will be unveiled on Christmas Day, being December 25th. The price is currently trading below $1, $0.7 to be precise. Just few days ago the price was $0.5 now $0.7 that’s 50% profit extra. The price is expected to spike up before the name unveiling and after unveiling because this is great PR for the company. This week the coin has been a big dip rebel, refusing to dip along with Bitcoin. Instead it’s rallying up because it’s fundamentals are way stronger than the bitcoin dip.
We can’t forget AVAX, AVAX is doing great right now because just like people switched to SOLANA because of Ethereum’s high fees, people are doing the same with AVAX. They are jumping into AVAX ship and utilizing it more right now because it’s cheaper than ETHEREUM. This has caused the price to pump really nicely.
Let me bring it back home and talk about the best dip rebel am proud of right now, that’s no other but our ultimate Hive. Hive has been maintaining its $1 price mark really good, I guess it’s gathering momentum to project itself really high, may be to $5. In June Hive got to $0.17 price mark, that’s really low and now Hive is at $1.7 that’s over 800% profit in almost 6 months. Few days ago, Hive was consolidating around $0.8 now its on $1 and looking promising.
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You know, if you're actually heavily invested in BTC since 2019, you'd confidently get your profit out because Bitcoin is safe at its price.
Then the rise of other coins that are cheap for another accumulation is a sure way. Who wouldn't want to make profit now that the market is in its bull run.
@josediccus made a valid point about the bearish market, I for one haven't experienced it, so I'd actually have a list of coin to hold.
I actually saw Solana rise in a twinkle of an eye which is nice, I have some colleagues who made it big just the past month.
Back home, Hive, I'd say I'm happy to be here. It's fulfilling as my first cryptocurrency fulfillment although I got some XRP in my Luno wallet which has been stagnant.
I see you've got it locked at $5 for our ultimate Hive.
Nice break down. I used to be a big XRP but right now I have decided to focus my attention somewhere else. As for Hive getting to $5 I just love the Hive to Five rhyme.
Wow, didn't see that one - hive to five.