Everyone this is Tony journey crypto today's a huge day in the cryptocurrency space Cardano ADA breaking $0.50 hitting $0.55 even up 25 percent that can easily move upwards of $1 with any big announcements we also got binance B. and B. surging up 22 percent right now lots of other altcoins surging huge altcoin season starting right now so this gonna get into a couple all coins that I'm gonna be buying today and throughout the week and I will get into some other crypto needs as well before we get started.
I do appreciate if you guys like we're seeing all clean season really starting to kick off today and I definitely think this is going to continue as I've been saying we're probably gonna be seeing that $2000 and $50000 big coins very soon as well and I do think a lot of profits will be flipped and spill over into other altcoins with seeing Cardano ADA and binance bian be up around 25 percent each.
Today also I'm bullish on a couple other like points are starting to go up I will talk about in this so pretty much everything in this crypto spaces in the green today which is what we want to see for altcoin season I definitely think a lot of new people are getting into crypto finding all coins A. like everything's moving up in general 0 X. here's the R. X. up 175 to percent on at the 7 day just insane there lots of other altcoins up huge 66 percent here for graph so binance BMP coin today actually flipped a light coin in yesterday if clicked bitcoin cash by it's been B. now it rains 8 and market cap pretty huge here did hit $10000000000 market cap for the first time at an all time high right now closing in on $70 pretty insane here I think like coin is actually really undervalued right now.
So I did flip some profits from other top 10 crip does into like going today and I probably will be picking up more if we see any tips or anything especially leading up to the PayPal crypto merchant payment launch likely the cheapest coin on pay pal on around $150 so I do believe like one here is one of the top 10 crypto as it has huge potential in the short term Cardano I'm still very bullish as well that hit $0.50 for the first time today since the peak of the last Boren and even hit $0.55
Now finding new support but this could easily fly upwards of $1 with any major announcement we haven't really had any major Nelson again Charles Hoskins indeed and hint at something major coming in February and then we also got to go in Maine it's coming in March so. Cardano is a solid hold throughout the entire 2021 which is why I'm just staking my ada and collecting some passive income on that and accumulating more on the dips and everything but that's just been flying upwards so ada is up about 10 X. at this current price from the beginning of summer 2020 where it was about $0.5 before the announcement of the Shelley mean it road map so huge progress.
Since then still pretty small market cap $16000000000 when you compare this to other major companies and other major investment avenues this is still very small which is why a lot of people are claiming that ada has huge upside potential many altcoins honestly do on the specially the small cap crypto currencies that many people don't know about and are doing big things and I will continue growing throughout the bull market have massive potential as well those are the kind of coins that could do 50 to 100 X.
So I think mine is being B. still has huge upside potential as well with this recent news that we had so binance coin hitting its all time high price something CZ said that's important here all time high on system traffic again in fact 3 all time highs in the last 15 minutes this does show a major flow of new buying demand coming to crypto currencies and I do believe that's why we're seeing all coins surging today and platforms are so backed up that people are having to wait to be approved before they can even make their purchases so I do believe buying pressure is going to continue trickling in as well we're gonna continue seeing a lot of altcoins moving up in general in my opinion throughout February lots of good news in general as well so finance is also working on a pay pal competitor finance pay with bitcoin Ethereum in B. and B. this was announced a couple days ago.
which is another major thing Y. B. and B. could be moving up so finance is a massive platform they're giving B. and B. as much utility as possible but it is a major competitor to you platforms like PayPal and Coinbase of BMB will probably never be listed in these platforms so besides like when I am. Buying some spark point S. R. K. today is well because it is down 13 percent and are they do have a major exchange listing coming at the end of the month I do think people are just taking a risk here and dumping their S. R. K. trying to catch other profits before this major listing but I'm gonna take this as a buying opportunity so it only has a market cap of 10000000 which is extremely small on a quick disclaimer as well I am a marketing adviser for this project but I don't work hands on with the team and I don't hear about major stuff until the same day.
You guys as well so this getting to the top 100 can easily put this at 15 X. and more at the current investment it's a fraction of 1 penny per S. R. K. coin and there's only 7000000000 S. R. que in circulation as you can see here and they are doing quarterly token burn as well so this is a deflationary currency rather than inflationary which is like fiat currency where they continue printing more and more and that is a total supply of the currency continues growing so it's smart point S. R. K. there burning tokens every single quarter reducing the total supply instead of increasing the total supply while the project grows more demand comes of the project and they get more products and utility for the token and demand is rising.
While supply is shrinking that should only push the price up over time so another thing here is that additionally they started with a total supply of 20000000000 tokens and as you guys can see after all the talking birds they've done in the last 2 years.
Now down to 14000000000 so starting with 20000000000 now down to 14000000000 that's a massive amount of coins they burned and they're gonna continue burning coins their goal is to get down to 10000000000 within the next 5 years so burning a pretty huge amount of coins every quarter as a product utility grows and the company grows should only push this up in price so as you guys can see it recently retested its all time high priced around point $0.003. And it did hit that price very briefly as well in August.
So we got a giant Cup here and handle which is a pretty bullish technical analysis signal is well on if anything major comes on this can definitely shoot the price upwards here especially leading up to this hot topic exchange listing. Depending on what the exchange listing is this can make S. R. K. much more accessible to the public which is good because currently on it's only on a few changes here including you know swap is probably the easiest place to get it but the fees on you to stop right now are just crazy so I think a lot of people are waiting as well on your C. 20 tokens so today I did buy a like clean and sparkling S. R. K. to crypto.
Projects on my radar that I think have huge potential leading up to the end of February especially with sparkling being such a low market cap just insane the huge potential there so keep in mind every crypto in the top 100 was once an extremely small market cap like that and basically I had to grow and develop products in the team and everything and start getting more investors to move up to the top 100 I mean I definitely think sparkling has the potential to be in the top 100 in the next couple years and I do think every crypto in the top 100 is going to have a market cap of $1000000000 or more by the peak of this current bull market
So not only do we have all time highs of new user sign ups on cryptocurrency exchanges but we're also having a lot of crypto currencies break their all time high records are pretty much a day after day right now for 3 M. are getting a lot of mainstream news here on CNBC ether the world's second largest cryptocurrency hits a record high above $1700 today massive news that's breaking news everywhere so big coin jumps above $38000 as a momentum flirts with key resistance levels so I do believe it's very possible because gonna break 40000 again and very soon if we keep this buying pressure up in the moment and keeps rising I definitely think bitcoin will be breaking that 40000 which is funny because JPMorgan just stating that bitcoin may never break 40000 again and here we are at 38000 just a couple weeks later more great news here a new crypto VC fine attracts Wall Street Billy.
There is and L. L. cool J. so we're getting breaking news like this every single day right now I pretty much every major company out there is trying to get in the crypto currencies right now in 1 way or another lots of new utility come into the crypto space a lot more accessibility as well which is great recently we had news of visa announcing they will be doing cryptocurrency buying selling and transactions and everything.
Well as pay pal and Venlo on and now we have finance announcing their platform as well so a lot more accessibility coming into crypto throughout 2021 another thing I want to point out here is bitcoin and Ethereum market caps together are nearly $1000000000000 right now only needs $100000000000 more to be $1000000000000 between bitcoin Ethereum alone not including any other cryptocurrency in the space so that's pretty huge I do think the global market cap is gonna start exploding.
Especially once we get into the real altcoin season I think we could be breaking into the multi 0 at crypto global market cap very easily and I do think during the peak of this current bull market we will see multiple crypto currencies out of the top 10 ads on $1000000000000 market cap or more alone so for a theory and that would put it at a 5 X. from the current price pretty crazy getting close to around $10000 we would have ada around at least $10 or more closing in on that like when I think has the potential of hitting $1000 so I will talk more about price predictions throughout 2021 in upcoming ideos I'm also gonna be doing another here on my cryptocurrency exit strategy I'll probably be releasing that later tonight so be sure to subscribe hit the bell to get notified about that you should definitely have an exit strategy ready to go know where you want to sell.
What your goals are with your investments so then you can take profits when you are there and said of being unsure and then missing that chance the. Actually happen to me in 2017 I had a good amount of crypto around $5000 worth and it quickly went from around 5000 to around $50000 in a short period of time just a span of a couple weeks and I was very busy at the time and everyone was saying it was going to keep going up so I didn't really I took a small amount of profit but not as much as I should have so it is good to have an exit strategy and staggering your sell offs so you can't take some profits in case it does crash so we will be talking more about that again thank you
Post a Comment