As the major cryptocurrencies fall, we should always take a look at the state of the markets further down. Currencies just outside the top ten can also indicate upcoming trends and can also help us make predictions with regards to future movements within the markets.
Today, no altcoins really stand out. Often in periods of downtime like this, we can see the odd coin really stand out as making solid and consistent progression.
When this is the case, we need to see what is going on with the coin in question, so for example, not so long ago when the markets where down overall, and Bytecoin was some how up 160%, we had to take a look into what was going on with Bytecoin. Now this in turn can help us work out how the rest of the markets would react to Bytecoin, which exchanges would be affected and how in turn, it might impact other currencies listed within those exchanges.
Essentially, here, I am simply highlighting the importance of research. So, Monero, NEM and Ethereum Classic, these currencies have not been selected in this analysis for any other reason than the fact they are all within the top twenty cryptocurrencies for market capitalisation, instead of the top ten, the area the majority of news outlets focus their efforts.
At the time of writing, Monero is valued at $189.97, down 5.85%. Just a month ago, Monero teetered on the edge of $300.00. Read more from cryptodaily.co.uk…
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