From the look of things, the crypto space is not looking bad today. Everything is pretty much in the greens today.
Binance BNB is up by 14% at $350, already at its all-time where it had already briefly peaked out around 350 to 375. Binance BNB is very bullish and even more bullish than Ethereum because the Binance smart chain is solving the gas fee problem with Ethereum right now. Other Ethereum competitors are not solving that problem yet as they still have many updates to go. Cardano, for example, will be taking the market share eventually, from the look of things. In the meantime, Binance BNB will have the spotlight, which explains why we have seen that surge of 40% on the seven-day column.
Filecoin, FIL, has jumped into the top ten up by about 121 percent on the seven-day column. Theta was previously in the top ten, and now it is in its correction phase since they delayed the launch of their main net.
Litecoin is over $200, Polkadot is on the rise up by nearly 3%, and it is getting close to $40.
The crypto space is looking great in general, and there is a possibility that we will be breaking the 2 trillion cryptos global market capital for the first time very soon, which will be huge for the crypto space.
Historically, March has been a terrible month for the cryptocurrency space. Hopefully, as we are leading into April, things will be going up, mainly because we have many companies offering crypto services and increasing crypto accessibility.
Dogecoin hit six cents again earlier today, and it went up by about 13%. Elon Musk pumped Dogecoin again.
Bitcoin has closed six-monthly green candles for the first time since 2013, and that was when we had that small bull run back in 2013. Bitcoin’s last six-monthly candles have closed green, tying its previous record streak for bullish monthly candles.
If you look at the chart above, you will notice a smooth run, a huge upsurge, straight green, and no red candles. Bitcoin has had remarkable growth over the past six months, as well as everything in the crypto space.
Altcoins in the past three months, especially in March, have been surging. This surge is why we should be paying attention to altcoins, looking at those hidden gems.
Bitcoin has also closed its best March and Quarter 1 in eight years. March, historically, has always been a horrible month for cryptocurrency, but this March was different and was not as bad as the previous ones. Last March was one of the worst months for cryptocurrency to date. There was a massive market crash of over 50% for many cryptos, even those that many people considered safer, like Bitcoin, Ethereum, and other top 10 cryptocurrencies, crashed and fell very fast. On the night of the crash, Ethereum went down to $87, and Bitcoin went down to $3,400. Binance BNB went as low as $8, and today it is over $330 per BNB.
