Crypto market has further declined
BTC is still at the top of the chart with a market cap of $509 Billion. Currently BTC has a lion share of 46.2%. Even having so much influence coin failed to impress investors as the coin observed 3.6% dip in last 24 hours. Currently coin is trading around $26,200
Second placed coin ETH observed 3.1% dip. With this dip worth of coin fell below $1,800. Currently ETH is trading around $1,790.
Stable coin USDT is at third spot with a market cap of $83 Billion. Interestingly two stable coins are included in top 5 list. This reveals that people love to hold their asset in stable coins.
Our Blockchain coin Hive observed 4.6% dip in last 24 hours. Currently coin is trading around $0.346. It is a good price for buying, but I will suggest you not to buy coin at this price as the market may dip further.
Holding is key in such situation. I will recommend all my followers to hold their coins which have good used case. Remember each dip provide a new buying opportunity. It will be a foolish idea to sell your holding at cheap rate. It will give you permanent loss. and none afford permanent loss. Time to hold your asset and wait for the right moment to sell you asset.
It is a tough time in crypto world due to inflation and poor economic growth. There is no need to panic. Time never remain same. This tough time will be passed. All you need to do is firmly hold your assets and wait for the bullish run. We often observe market bounce back any time. Market has huge tendency to bounce back. Time to take advantage of this facility by
equity to buy assets. Buy asset in multiple step to accumulate more coins if the price slip down further.
This is it for my today post. Wish you all a very happy, healthy and prosperous life ahead. Have a nice time.
It will passed as we see in the past, market will not keep going down or not even stay at same level we will definitely see a bull run or All time high price again
Crypto investors are not surprised by these turn of events as the crypto market is generally known to be volatile. As you've rightly pointed out , now isn't the time to panic but conscious effort should be channeled to hodling and diversification of crypto portfolios.
I am very very sad to see hive below 40 cents. But it is what it is. we can't do much about it. we need to wait for the overall market to do good.
It is said buy the dip but for a lot of us who are already 100% invested that is not really an option
Maybe we can only ride small waves but that too needs a lot of precision
So patience is the keep here