What coin is one of the first to recover?
Following "bloody Sunday" as @boxmining calls it, it's interesting to see which are the first coins to recover.
Most coins follow bitcoins lead, which for me just shows its speculative.
This coin has made a full recovery to pre-bloodysunday levels already while Bitcoin lingers.
What am I talking about? Binance ofcourse!
Take a look at the BNB/USD 1hr chart:
Compare this to the Bitcoin/USD 1hr chart:
I haven't analysed it but it should be the one of the coins with lowest correlation with btc. Usdt could be another example. Bnb is a better buy compared to usdt as it provides provides refuge in a bear market, due to benefits of higher trading activity. Thats what i think should be the reason.
Yea, my BNB holdings helped a lot during #bloodysunday2018
When in doubt, buy exchange tokens!