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Finding strong coins in this downturn to help you capitalise when the market reverts to a bullish outlook

All Cryptocurrencies

by COINS NEWS 209 Views

Downtrends present opportunities, not just for accumulating across your existing portfolio but finding strength in other coins that may well translate to continued growth once we revert to a bull. Often in a bearish phase it is hard to spot these trends, but it is well worth digging deeper to check out relative performance of a crypto over time.

Market cap ranking is an obvious place to start. Cross referencing a coin's current ranking with historical market data can show up trends, for example how some of the dino coins like NEO TRON and EOS have lost position so far. https://coinmarketcap.com/historical/

The Customise function is a really useful tool on Coinmarketcap - you can add more indicators such as % change in the year to date and % growth in the past 30 and 60 days:

Cryptocurrency Prices, Charts And Market Capitalizations | CoinMarketCap

Here's a list of top 100 coins that are ⬆️ on the past month:

QNT +107%

AMP +73%

TFUEL +39%

XDC +37%

CELO +16%

LEO +11%

SOL +11%

KCS +8%

THETA +3%

WAVES +2%

CRV +1%

Coins like QNT SOL and THETA are performing well, gaining in ranking and value during a bearish phase, which bodes very well when we return to a boom period.

TLDR: Find and stack cryptocurrencies that have shown strength in either ranking or price growth during a downtrend to reap the benefits down the line.

BIG DISCLAIMER - i'm of the view that we are in a shorter-term downtrend rather than a multi-year bear. As my older post about bear market holding strategy sets out, you don't want to be stacking up mid-low cap alts if you think we are going to be bearish for a long time, stick to stables and high caps only.

submitted by /u/Dreampopgazer
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