China bans (once again) crypto activities, and only news outlets seem to care about it. The Crypto market reacted differently.

A positive reaction to bad news is one of the most bullish signals experienced investors wait for to assess the market’s mood. You could argue that China’s FUD is now almost no news anymore, but it can always represent a new opportunity for speculators to push the market lower.

The market barely reacted to the news, and it remains in pause mode before moving to the next phase. Looking at the broader picture, you can see how the market moves in cycles, which last on average two to three months.

The chart shows how Bitcoin’s price (orange line) and dominance (blue line) evolved over the last year. By combining both trends, you can evaluate how to optimise your portfolio allocation and what strategies could work better in the next couple of months.

Should the sequence of market phases start back from October 2020, Altcoins may significantly underperform Bitcoin . In perspective terms, Bitcoin Dominance is currently sitting at record lows, which validates, even more, this thesis.

Time will tell, meanwhile better adopt a flexible approach and be ready to handle the next chapter.

The post Bad News, Good News appeared first on Coinrule.

Fiction authors have tried to foresee how the future would have looked like for centuries. They always pushed their imagination to the edge of the impossible, and eventually, fiction turned into reality with the rise of Dogecoin.

What, likely, nobody would have ever guessed is that a “currency” named after a cute and playful dog would have been on the verge of starting a worldwide revolution among millions of people.

Last week, Dogecoin surged to ridiculous levels pushing its market capitalization to valuation comparable to Polkadot and Cardano . Notably, Dogecoin has almost zero development roadmap, while some of the brightest crypto developers have been working on Polkadot and Cardano for years. That’s the power of a meme in 2021.

While all eyes are on Dogecoin and other meme-coins, Ethereum breaks what could turn out to be an 18-months long accumulation phase priced in Bitcoin terms. It is hard to assess the upside potential of a new Ethereum uptrend properly, as nowadays, no trader or investor seems to care about valuations anymore. The reality is that Ethereum’s network secures every day billions of dollars worth of transactions, with new capital and adopters flowing regularly. That’s definitely something to take into account. Whether this is just fiction or reality, better you have the feet on the ground and trade safely.

The post Reality Beats Fiction appeared first on Coinrule.

Those that joined the cryptocurrency space a few years ago may remember the first puzzle they faced.

Where should I buy cryptocurrencies? Hacks, scams, downtimes, and poor user experience were a real pain. Those that recently started their crypto-journey don’t have as much to worry about. Prominent players gained a solid reputation for offering safe and easy options.

Coinbase is undoubtedly one of them, and yesterday they offered cryptocurrencies a privileged spotlight when they got listed on the NASDAQ, a US stock exchange. Crypto officially meets Wallstreet.

In 2020, Institutional investors made news announcing their interest in cryptocurrencies, and now the traditional financial market values one of the main crypto-players at $100 billion. At such a high valuation, the total market capitalization of all cryptocurrencies ( Bitcoin included!) all of a sudden seems cheap.

Looking at the chart of the total crypto market, it’s clear how things are heating up. Prices have been rising steadily since March 2020 on growing volume . The smaller channel, starting from February, now looks like a consolidation after the sharp gains in January that led valuations to double.

A new breakout here would signal a new wave of likely stronger FOMO. But watch out to manage your risk and gradually take profit on the way up. The faster the growth, the more the downside risk will increase!

The post Crypto Goes Public appeared first on Coinrule.