Another Crypto Slump within One Week,Where are we heading to?
Crypto World has witnessed second major downfall this weekend just after everyone started re-gaining confidence. Among Major losers were Etherium, Ripple,Golem & Digibyte. This slump has not shown any mercy to even newbies like status, bancor & Zirconium and hit them hard.
While Cause of the Last weekend said to be related with Etherium network clogged & rumour about dying of Etherium founder, Underlying reasons behind this weekend's crypto correction still unknown. Most of the analyst commonly explained this correction resulted because trader become cautioned and pull out their money with on above 40 Percent surge.
In nutshell, if you have long term prospective, hang on to your holdings for at-least 2-3 years and do not panic with these little hiccups.
I just see it as an unexpected opportunity to buy some more!