Hello, and welcome to the free edition of the 84th Market Outlook! In this week’s post, I will be covering Bitcoin, Ethereum and Cardano.
Hello, and welcome to the 84th instalment of my Market Outlook. In this week’s post, I will be covering Bitcoin, Ethereum, Cardano, Chainlink, Algorand, Stratis, Telcoin, Fantom and NKN. I will also be looking at Altcoin Market Cap and its implications for altcoins over the coming weeks.
There's a lot of discussion online about the mechanisms behind market cycles in cryptocurrencies, but the topic itself remains unclear; at the crux of it, however, is accumulation and distribution. Accumulation is a process that is defined as either incremental or volatile buying of an asset to increase position size and thus control of supply. The reverse is true for distribution, where a market participant sells an asset either incrementally or in bulk in order to reduce position size.