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Hi SEP20 clan! We are once again in a difficult position in the market of SmartBCH tokens, and crypto today is in red once again because of China and the FUD that keeps coming.
I don't know how many times can China ban crypto, it seems they just mess with the market every month. This looks like a plan to keep crypto from getting used by more people.
I will not write a long post today, the losses in my position were too much and I am having a headache from all the thinking and charts I am looking at. Since this summer it was difficult to predict the upside for BTC to $50k and the downside to $40k again, but previously it was a little easier.
This is a critical condition because BTC seems to be in a fight to hold the 40% dominance. I don't know if this is important though, since new and valuable blockchain networks appear and gain a significant portion of the market. I also expect Bitcoin Cash to begin rising in the ranks between October and December and possibly reach a position close to Binance Coin.
SmartBCH SEP20 Tokens
There is not much going on today. Another dip and price is where it was two days ago. A dip in price and then a small rebound that could send price a little higher. The volumes are way lower than previously and not convincing.
Crypto is still having positive exposure in the news, which is doing good and keeping the excitement running, so perhaps there might be some interesting and good times later, even in this difficult circumstances.
The SEP20 tokens today as we see in the MarketCap.Cash chart are lower and following the main trend and the China FUD. Next is Korea FUD as the Bogdanoffs suggest and those that profit all this time are the manipulators. The paid media are getting all red all of the sudden but usually this is when we should buy if we are going to trade and sell for 10%. Because the manipulators are doing just that. The market is now controlled by the traders that use the similar tactics as previously, pump, dump, vertical, Korea fud news, etc.
We should not lose hope, it is all about the fundamentals and DeFi is now on Bitcoin Cash. It will generate a lot of traffic and create additional opportunities. The people behind BenSwap are not amateurs and this is also DeFi, there is no need to trust others, except perhaps the rugpulls that might leave a pool completely empty of liquidity and crash the token price. This is how all DeFi work and the more that will appear soon will give us more confidence and bring even more investors.
Bitcoin Cash can make a bull run on its own. And when it begins it will be difficult for anything to stop it. I only know that I will not sell at anything than 1000% of the current prices and only sell just 10% of my position when it makes it there.
That would put BCH at the top 5 in market cap. How can this happen? We know already, with SmartBCH.
There is a reason I started looking into Bitcoin Cash. I didn't know exactly what SmartBCH was, it was called Moeing in the beginning, and got a tip something is brewing in Bitcoin Cash. Since the price when compared to BTC is at historic lows, I think this opportunity has lasted for too long and it is about time for price to get moving and BCH to begin ranking up and gaining in marketcap.
Maybe we are not far before Bitcoin Cash begins its ascend in the rankings and outperforms all other crypto assets. As it stands today, is Cardano or BSC any better?
Yes exactly if we are to look at it... it's just a strategy of making cryptocurrency more popular, well known and valued. As well as it seems uncomfortable for us, they are still playing the game right, we just have to be patient because in the next 10years cryptocurrency will take over from normal currency totally, so it's foundation must be strong for it to last long. Nice write up I discovered a lot from this. Thank you.