Altcoins on 25th November 2021 — Oasis Network (ROSE) down, Gala (GALA) up!
Today is Thursday, 25th November, and this is Cointribune’s Crypto analytics. You will learn about everything that’s been going on in the market, as well as what to expect next in our new article! Make sure to have a look at the previous instalment. Off we go!
Fear and greed index
The index keeps on falling as expected, t. As a result, we’re at 32 points, meaning that fear is prevailing over the market. Extreme fear is just around the corner, and this is the indicator we see at the beginning of the day, when Bitcoin slightly recovered from its yesterday’s losses and even attempted to grow. Therefore, right now, the real value of the index is probably a bit lower.
I have always believed fear to be much safer than greed. While greed reigns in the market, you are at risk of losing money no matter when you buy. In reality, the fear period is the most profitable time for purchases. But of course, to build a portfolio at the most favourable prices, you’ll have to buy more of an asset every time its price falls, resulting in a lower overall average purchase price.
It’s still too early to say crypto winter is coming. Although I personally think that the market may change similarly to the 2017-2018 scenario. If so, then, by the end of this year, we’ll still have a chance to make good money, but 2022 is highly likely to start with a global corrective wave, which may drag on for the next couple of years.
Still, crypto winter isn’t only about low prices, FUD, and disappointment. It’s also a unique opportunity to build a great long-term portfolio of various digital assets and make a fortune on it after the recovery begins.
TOP 10 Altcoins
Top altcoins are still in the red, with the only exception of Binance Coin (BNB). However, it’s bound to soon lose its strength and dip below $600.
Polkadot (DOT) and Dogecoin (DOGE) become local losers of today. Among the Top-10, these assets sank the most. And judging by BTC’s behaviour, the fall of altcoins isn’t going to stop there.
Gala (GALA) becomes the gainer of the day with a 40% profit.
Oasis Network (ROSE)
Oasis Network (ROSE) becomes the loser of the day with a loss of nearly 10%.
Don’t forget about stop-losses, and don’t neglect risk management. The market severely punishes those who underestimate it.
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Trends are temporary. The blockchain isn’t a trend; it’s the future. I want to help as many people as possible understand it in a simple, clear and interesting way.
The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.