Crypto Daily News by damarth

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· @damarth ·
$0.23
Crypto Daily News
Hello steemians,

![picsou.jpg](https://steemitimages.com/DQmYVxCCbocvMsKGP4qMZLSKZhAQbr1nuwNAvBqSSeDAqeX/picsou.jpg)

Bitcoin had a great Bull run from Mai 2016 to mars 2017, in few months prise rose by 200%. 

After SEC decision and governance civil war , it was enough for speculators to take profits.

After months of price suppression , altcoins was ready to welcome  new liquidities attracted by months of great Bitcoin performance to flow into alts market (see link below : Soros Theory of reflexivity)

Most of volume went to ETH / DASH / Monero/ETC/Litecoin/Zcash :
![volume 1month.JPG](https://steemitimages.com/DQmfTL2MQy7AGH2aWnw8pMs1NN9TXV9DDY6QGQrnKRt5uZU/volume%201month.JPG)

Compared to top 6 altcoins currencies , the rest of the field got crumb of the cake. 
Now there is an insane amount of profits seated on these coins with low risk/rewards ratio remaining.
It is interesting to speculate where the monney will choose to fly next.

As we've seen top 6 altcoins determine pretty much all last month volume so we can extrapolate that the graph below mostly represents the bubble of these coins and few middle to low coins with 3 digits percentage profits:

![buy market percentage 1.JPG](https://steemitimages.com/DQmbea4S5ztPtZKHf7X2fPwxTzU9hfuBmqXK1eYT8tEae8v/buy%20market%20percentage%201.JPG)

This weekend we 've seen these top 6 coins slipping down and some random less known coins mooving up very fast and high.
I speculate that the profits from the top 6 volume coins is now looking for alternative as bitcoin problems are not close to be resolved, action should still keep going on altcoins market.

So if you want to anticipate next "gold mines"  keep up looking for news and undervalued coins  because  next few weeks crypto market might  react sharply to every announcement or improvement from middle to low cap coins.

Have great Sunday!


Link:
https://www.ft.com/content/0ca06172-bfe9-11de-aed2-00144feab49a
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vote details (49)
@englishtchrivy ·
$0.05
@damarth keep posting 
and commenting .. interactions help you get noticed
sooner or later it'll pay off ;)
Steem on!
👍  
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