Mining For Value Coins During a Turbulent Market Times

in #cryptocurrency7 years ago

During unstable crypto market you can learn a lot about what people believe just through price numbers. That's why I'm sharing with you a remark about some coins.

As you know stable coins are still in development:
https://goo.gl/qbQC69

Therefore you cannot store any of your profits in any coin as a safe haven yet. Until then I was checking the coins that are most resistant to price decline over the last 30 days. This is like mining for value.. how?

If the price decreases very lightly over a period of 30 days, it means there are many holders who believe in the coin and are not selling and that's why even when Bitcoin is falling, these coin prices don't move much. When the price change is highly inflated, it means there were a lot of pump and dumpers who are gaining money for short term trading profit.

Based on this analysis it means the following coins have awesome buying entry points currently and are not likely to go beyond their current prices because holders do not sell beyond this price range. They believe the coin will rise:

Price % decrease over 30 days:
Lisk 4.7%
Nano 3.3%
Omisego 1.2%
Zilliqa 0%
Rchain 4.3%

I get these numbers by sorting change% over a period of 30 days for top 100 coins by market cap.

Sort:  

Keep writing post like this! Greetings from reddit ;)

Coins mentioned in post:

CoinPrice (USD)📉 24h📉 7d
BTCBitcoin9791.690$-6.15%-10.83%
LSKLisk20.694$-8.61%-35.19%
NANONano13.505$-2.73%43.36%
ZILZilliqa0.052$-4.12%-23.96%