Everything in the market is relatively stable at the moment; Bitcoin is ranging between $33,000 and $34,000. Ethereum is testing its all-time high, and there's a possibility that we will be breaking out in the first couple of weeks of February.
There is a lot of buying pressure and a lot of new interest coming from the stock market; wall street is getting involved in crypto for the first time. From the look of things, it seems like everything is going to be moving up in general.
Imagine waking up and seeing XRP skyrocket; it is quite funny because I have not invested in it yet, but I planned on investing only to wake up and see XRP up by 50%, like what the heck is going on.
Uniswap Unitoken is climbing steadily and gradually getting close to $20. When Uniswap launched, they did an airdrop to all Uniswap users giving them about 1200 dollars worth of Unitokens at that time; it is now worth around 6000 dollars. Uniswap has been upward since the beginning of January. It is one of the best performing cryptos out of the top 20.
Dogecoin is going down, it is trying to recover at the moment, but it looks like people are trying to buy the dip to have a new support level of around 3 cents. Hopefully, it will not keep dumping past that support level. It seems like a lot of people are pulling out of Dogecoin and buying Bitcoin after Elon Musk added it to his Twitter profile description.
Many people are also quite bullish on Cardano ADA, even as it is up by 4%. February looks like it is going to be a very bullish month for cryptocurrency.
XRP is pumping by over 50 percent. Ripple is currently in a lawsuit with the SEC, they are being sued over the sale of XRP, and it killed the price of Ripple back then. XRP went up to around 60 cents initially; then it crashed to 20 cents after the lawsuit's announcement.
As of today, XRP was up by about 40-50 percent at about 42 cents. It looks like a Telegram group is pumping XRP; Whales do this every time, e.g., with Dogecoin. But we have to be careful, especially with so many new people in the crypto space.
There's a lot of people that will jump into a cryptocurrency because it is going up and the fear of people missing out; people think it's going to go up like dogecoin, and people are going to keep thinking this is happening.
