Hello and good morning to you all read casherians, the night for sure was a great one as i well know you all had lovely dreams of especially seeing our own BCH climb to the moon with a total value of $1,000 or even more hehehehe!
Well, if that is your dream, then permit me to also tell you that such a dream is also my kind of dream to be honest with you. For all the good intentions, I feel the BCH which was overtaken by both the BNB and the SMARTCHAIN in price a couple of days ago by some $52 cushion has finally regained its balance in the decentralized finance (defi) market to hit an all time of $703 in the last couple of hours which suggests an almost 15% increment in its price, circulation and popularity, as much as the believe and direct investment in it.
More so, the price currently when looking at the chart, duly indicates a little drop in that figure by some 5.3% in the last 1 and a half hour thereby leaving it with a total market selling price of $699 and then later down further to $693 which indicates a further 2-3.2 or 3% decrease in selling power but alas, what it has successfully done here was to balance the chunck of the $52 cushion it was checkmated with or overran with by the both smartchains of the BNB and the Smartchain.
For all we know of the defi market being decentralized, it will continue to fluatuate until it reacges that acceptable period of no further return which when weighed on a balanced scale, will produce the most desirably accepted results.
My future prediction for the crypto market especially, our own BCH.
The decentralized finance market (defi) is and will always be volatile hence, it will continue to change with time and it cannot be taken off the fact that competitions are very much rife in the air amongst these crypto world which occurs in all spheres within the rank of which they are found hence, it shall remain a constant battle for their recognition and acceptance be it a recognized crypto or not. In as much as this is the case and with a constant release of more and more cryptos that are built on other blockchains and then gotten through either an airdrop before the listing or the first and second presales, just know it that more and more of these tokens will for sure, hit the rock and will only yield a point of no return due to their constant influx in decentralized market where their survival is in a serious doubt.
Another notable thing that is worthy of a consideration for every crypto holder is the fact that the month of december is very much around the corner which suggests a big slump in their sales and prices recovery, though, it does not always prove to be the case with it during this time of festivities when all direct investments are no longer met as too many monies are either pulled out of the decentralized market system for holding either for spendings on merry makings or to be used for erecting some money costing projects.
Take it or leave it, this period will grace us with the most unceremonius downsize or cut prices due to a lot of selling pressures owning to the festive period of money spendings without any direct investment to meet up with them.
Don't be carried away at this point as it is bound to happen at an expected chances of 90 out of every 100% chances of occurring but when such becomes the case, then what is expected of anyone with a crypto enthusiatic tendency and intention is to HODL until prices are free to pump again when investment would have become the order of the day after the times of massive selling pressures into fiat for all the good purposes mentioned above.
Yes, prices of all cryptos not just the BCH alone will fall in a downward slope below the red line given the figures that are present in the statistical chart.
This stage for sure will instill a moment of fear and panic in crypto holders and investors as their fiat valuation will almost mean a meaningless thing going by the total amount spent when buying it but in all, what is expected is to develop that steady ship while you paddle your canoe to that point of a rebuild, trust and courage while you await a future boom that surely will occur again afterwards.
In conclusion, I believe we now know that such moments will come hence you are still within the confinement of the crypto world and when it comes, then the removal of panic is a better option eventhough it surely would happen being part of the crypto language we speak at all times.
Always remember to HODL as that seems like the only way to survival crypto wise and always remember also to DYOR (do your own research).
Note: the figures given above as regards some notable changes in the percentages(%) of the BCH and the BNB may not follow the current percentage (%) since they were all gotten as at the time of filling this report thank you.
Image credit: unsplash photos.
Do enjoy the rest of your day. Love you more all my beautiful sponsors❤.
It will rise hopefully, crypto values always reach ATH every year.