Here is an informal speculative theory, “Dogecoin acts as a crypto correction indicator; historically, when Dogecoin is very doing well, an altcoin correction is imminent. Thus, the next time Dogecoin does very well, be wary of a correction.”
Previously we had heard that South Korean government raided some exchanges and were flirting with a crypto ban. However, the ban is unlikely as it seems like they are taxing exchanges instead.
People always want to know what will happen next in cryptocurrency. No one has a crystal ball, but the analysts on TradingView.com offer the next best thing.
After Bitcoin’s rapid rise from $1,000 to nearly $20,000, and then a rapid rise of altcoins following that, cryptocurrency is seeing a correction (not a crash). That isn’t fun, but it is common.
Bitconnect shut down its lending and exchange platform with little warning. Investors subsequently lost 90% of their value on paper. Here is everything you need to know.
For reasons that aren’t fully clear, but likely relate back to the recent alt boom and South Korea news, cryptocurrency entered a correction period.
In cryptocurrency which coins are doing well tends to rotate. At the start of the year it was XRP, XLM, ADA, then it went to NEO and ETH, before that it was clearly BTC.
The total market cap of cryptocurrency is near an all time high, Bitcoin dominance is at an all time low, and altcoin dominance at an all time high. What can this tell us?
A crackdown on crypto exchanges in South Korea caused a crypto correction. With that said, there is no ban in the short term and it is likely domestic exchanges will be regulated and not shut down in the long term.
Ether (ETH) hit an all time high on January 9th due to a series of events explained below. Unfortunately, most of the rest of the market suffered a correction.
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