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In recent days, I have been following the trends in the Crypto Assets market, especially the performance of Ethereum ( ETH ), Ripple ( XRP ), and DOGE ( DOGE ).
The price movement of XRP this week is very noteworthy. From the weekly chart, it shows a clear bullish trend, and the various technical indicators are quite good as well. However, we also need to be cautious, as XRP has exhibited similar movements in previous breakout attempts.
As for DOGE, I decided to temporarily exit after participating in a round of trading. The volatility of this coin is really too high, making it difficult to find a suitable entry point. I plan to wait for it to break through before looking for a pullback opportunity.
Currently, I basically don't touch small coins. My judgment is that if the Bitcoin dominance index (BTC.D) shows a downward trend, the market may need large coins to lead the trend.
Interestingly, an increasing number of small coins quickly lose attention after experiencing a brief wave of popularity, with some even exiting the market altogether. In contrast, those 'ancient' established crypto assets have become better trading targets than Bitcoin.
The change in this market pattern reflects that investors may be reassessing the value and potential of Crypto Assets. Large, mature Crypto Assets projects seem to be gaining more trust and follow. However, we also need to remain vigilant and closely monitor market trends, as changes in the Crypto Assets market are always rapid and unpredictable.
Suddenly realized that XRP is really good.