Altcoins on 14th December 2021 - Revain (REV) down, eCash (XEC) up!

Tue 14 Dec 2021 ▪ 14h03 ▪ 4 min read — by James Taylor

Today is Tuesday, 14th December, 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 fear and greed index has once again shifted to extreme fear. The indicator could have fallen even lower, but towards the end of the day, shortly before the indicator’s values are updated, Bitcoin made an attempt to recover and, as a result, the day ended on a slight rise.

Extreme fear used to be a strong buying signal, but now, with many players out of the market expecting a collapse, all we can do is gradually average down. There’s nothing to sustain further growth, and those who do risk buying, for the most part, do it starting from below $45,000. The market’s attempts to catch the bottom are a natural reaction in such a situation.

As long as big players don’t interfere in the game, there’s no point in expecting a trend change. But since they haven’t done this yet, they probably expect BTC’s price to fall significantly lower than its current one, which only means that the dump of the largest cryptocurrency will continue.

TOP 10 Altcoins

Top-10 altcoins have finally come to an agreement. All of them started the day with solid discounts,  offering investors a great opportunity for long-term purchases. I would like to highlight Terra (LUNA), Polkadot (DOT), Cardano (ADA), and Solana (SOL)  that came close to a 10% loss.

Of course, I don’t recommend spending all your money on altcoins. But the current discounts are likely to be higher than ever, so take advantage of the current situation in order to diversify your investment portfolio. Even if it doesn’t bring you income in this cycle – after a prolonged corrective wave, you will make a profit that will definitely exceed your expectations.

We shouldn’t forget that the altseason may well begin. The likelihood of such an outcome can become even higher if Bitcoin decides to go into a prolonged flat. And until then, I suggest using discounts and buying altcoins that you find interesting.

eCash (XEC)

With its 3% joke of a yield, eCash (XEC) becomes the gainer of the day.

Revain (REV)

Revain (REV) becomes the loser of the day with a loss of about 25%.

This is not the first and definitely not the last long crypto market collapse. A lot of investors incur losses after deciding to sell their assets. You’d better forget about them for now and use the current situation to replenish your investment portfolio. Never forget about stop losses and don’t neglect risk management.

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James Taylor

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.

DISCLAIMER

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.

Prices & Indices

BITCOIN (BTCUSD) $29,962.41 4.47%
ETHEREUM (ETHUSD) Ξ $1,990.58 4.15%
DEFI (DEFIPERP) $3,623.80 3.25%
MARKETS (ACWI) $87.69 0.08%
GOLD (XAUUSD) $1,840.57 1.34%
TECH (NDX) $11,883.71 -0.37%
CURRENCIES (EURUSD) $1.06 1.21%
CURRENCIES (EURGBP) £0.847570 0.01%
CRUDEOIL (USOIL) $111.45 2.03%
IMM. US (REIT) $2,448.33 -0.36%
The percentage expresses the change over the past 24 hours BUY CRYPTOS WITHOUT RISK
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