What to buy right now? - Bitcoin market dominance
In crypto-markets a common question is: What to trade? More than 1800 opportunities, displayed by assets in the market (check out coinmarketcap.com) are just appearing to be too many to confidently make the right pick.
Among all those coins and tokens, being discussed in the community to possibly going 10x of their valuation, my choice currently is Bitcoin. Here is why:
In 2017, we had a huge Altcoin run-up. Whereas in the past, Bitcoin’s market capitalization was around 85%, it dropped to a minimum of around 30% in early January.
What we saw now over the past weeks is Bitcoin bottoming and slowly starting to rise. This trend, in my opinion, is going to continue over the next months, which means, Bitcoin could be the play right now.
Disclaimer: This is not financial advice, just my own thoughts on the market.