Two Coins In Need Of Major Correction
Over the last few days there have been two higher cap coins that have shot up to huge levels compared to the overall market.
Those two coins being litecoin and Bitcoin cash.
Litecoin might have the edge however as it will be halving here in the next few months. That halving is rather substantial and might be enough to hold the coin at current levels and rally again as we get closer to the halving event.
However Bitcoin Cash really has nothing behind it for its rally.
To me this honestly seems to be one of those fake pumps again that bitcoin cash was known for two years ago. These pumps lead to massive sell offs and I firmly believe it is often fueled by Roger Ver. Being him and his team has control of bitcoins twitter account and the domain name bitcoin.com its very confusing to new people entering the space.
I am very curious if and when the SEC approves bitcoin that bitcoin cash will get hit will massive fees for price manipulation and causing confusion in the markets as misleading.
With that said Bitcoin cash is due for a nasty correction soon. A coin that pumps 92% on no news at all screams scam and trade manipulation to me. Plus with Bitcoin Cashes track record I wouldn't be surprised.
There's another coin in need of correction, totally undervalued.....
It's name is #Steem 😋💝💝💝
Have a great week
Tom
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Ehhh im not so sure on that one yet lol All these Dapps do nothing at the moment but sell steem to keep their businesses running they have no outside revenues. To me steemit and Dapps at the moment are a funnel of money out of the system instead of into it. This wont change till they move to SMT if that is ever going to happen.
this. is a huge point man. gonna talk about it in my seminar tonight. big bigger for everyone developing apps here. steem monsters has done a great job to bring in outside fiat to steem. but it’s just the start.
Posted using Partiko iOS
That’s a great point. Selling STEEM to pay for the devs’ noodles is not sustainable in the long run, as we’ve already seen with Steemit. That being said we’ve got to start somewhere and I’m amazed at the progress of these dapps sans SMT. Seriously, @ned, let’s get there. The ad integration seems to be coming along, which should reduce token burn on the Steemit side. Now let’s get SMT’s rolling to stop token burn on the dapp side. It really peeves me to see people selling Steem-based tokens for ETH and BTC. I’d imagine that would be reduced after SMTs become a reality.
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To your main point, I would add that LTC also has some Mimblewimble hype to support it and BCH has.... nothing that I know of.
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BCH guys have to be still hurting that LTC is on top in market cap still despite the pump!
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They manipulate the hell of the markets to try and make themselves look good. Ok I get it bitcoin cash and process a little faster. But then again what other 1000 coins can't already do that ? lol
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Yeah definitely agree