Earlier today, we saw a temporary dip in the crypto market. Bitcoin went down by 6% after hitting its all-time highs of 61,000 dollars, and it is now back to 57,000 dollars. Ethereum is holding up a little bit better, and this might be because a layer two solution is coming for Ethereum, and we should be getting Uniswap version 3 by the end of March.
This is hopefully just a temporary dip, and we are going to move upwards towards the end of March.
Most things on the chart are in red by a few percent. It is not that big of a dip, but it is an opportunity to purchase some more Ethereum and Litecoin.
With the launch of Uniswap version 3 coming, there is a high chance for a lot of hidden gems to go parabolic. These small capital hidden gems have many risks, but they move up the easiest because they do not take a lot of money to drive the market capital since they are small capital hidden gems.
The real altcoin season might probably start after the launch of Uniswap version 3, those coins that are currently undervalued and have events coming up, and a lot of hype around that might go parabolic.
On the other hand, Pancake Swap got DNS hijacked. A lot of people had their crypto stolen out of their wallets. The main takeaway from this occurrence is that you should never input your seed phrase or private keys on a website because that gives them instant access to your wallet, and they can quickly swipe all your cryptocurrency. There is no layer two security for this type of stuff. We have to be careful about this type of thing, and it is advisable to spread your crypto so that you will not have all your eggs in one basket when something like this occurs.
India has been trying to ban cryptocurrencies at least three times every year. If you have noticed, they seem to always go back and forth on this, and it usually causes a slight market dip anytime this news comes out. Any country, in my opinion, that tries to fight cryptocurrency is only going to be hurting itself in the long term.
News of India proposing this cryptocurrency ban is everywhere today with the market dip. They will also be penalizing miners and traders; they also stated that you would be fined if you are holding cryptocurrency and living in India.
Little do they know that they are cutting themselves off from a huge revenue source and source of taxes.
