Bitcoin and the entire crypto market are in the red with many Altcoins losing double digits. Is this the end for Bitcoin and the entire crypto market or do we have one last chance to turn bullish?
In the latest online video, Joe Parys, a famous businessman in the crypto space has revealed how facing a bear market and major 2 altcoins can make a profit, even when the market is going down.
https://www.youtube.com/look at?v=p-WmaMl__Hg
Bitcoin Price Analysis and How to Face a Downtrend
Bitcoin drops to six-month lows near $38,000 and Bitcoin is leading the decline for all cryptocurrencies as macro indicators could spell disaster for the market in the short-term according to a new report. analysis number.
As we saw yesterday Bitcoin is at $43,000, looks like there will be another rally likely back to 45 and even beyond, as we all know Bitcoin is now down 7 .5% over the past 12 hours from a six-month low of $43,000 at $38,258 at 4 p.m. UTC on Friday. The price of BTC is trading at $35.41 at press time.
BTC Chart | Source: Coinmarketcap
It looks like there will be another rally potentially towards $45,000 and even beyond.
We can go lower, there are always big risks in crypto and this goes beyond the technical indicators of the cryptocurrency itself. Joe recommends traders sit back and just watch. We are likely to head lower or this could be the last chance before we reverse back to the upside.
Joe suggested: “I’m definitely waiting for the news on the sidelines to see what happens in the next few days. We will make the decision for ourselves and if the market falls below $38,000.”
SundaeSwap (SUNDAE)
The first altcoin that can still make a profit in the bloody market is SundaeSwap (SUNDAE). SundaeSwap is the best decentralized exchange on Cardano and aims to be the foundation for future financial innovation.
SundaeSwap is live and users can take your Cardano (ADA) and trade it for new tokens. 1 SUNDAE is worth about $6.62 at the time of recording. Yesterday, this altcoin Its price is $ 2.2.
So, even if the whole market is literally in the red if you get some sweet SUNDAE tokens, you’ve got a profit and upside potential here in crypto in the short term.
Verve (VERVE)
The second two altcoins to mention is Verve (VERVE). Verve puts content creators first and provides the tools and features you need to create and deliver engaging, interactive content to a wide audience.
VERVE is still at 29x pre-sale price, which is still a very good profit even if the market goes down. VERVE has grown as high as approximately 38 times. VERVE is changing hands at $0.02.
So even though the market is bearish, we still have some opportunities to multiply your money exponentially.
VERVE Chart | Source: Coinmarketcap
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