The online publication writes that “A major drop in volatility, as well as a continued consolidation, were observed on the daily chart for the coin. Analysts and traders in the crypto market usually see these periods of little activities as the best time to accumulate before the next big move takes place.”
They cite information from Bitcoinist and bring up Josh Rager crypto analyst.
“With a lack of major volatility, things quiet down. Reminds me when we were under $4k (not near as quiet) but these are the times where I set targets on Bitcoin & maybe a few alts. Months from now people will wish they would have taken more action during the slow price movement,” Smartereum says.
He has been setting targets on Bitcoin and a few altcoins when market situations are in this state.
It’s time to invest in Monero
Monero has been gaining popularity and more investors understood that the privacy-oriented coin is one of the best investments for the future.
XMR has been struggling to stay above $80 and now the coin is trading in the green on CMC. XMR is priced at $84.24.
They note that long-term investors should consider buying the dip now because the Monero uptrend remains strong.
More than that, it’s also extremely important to mention the fact that the Monero development team managed to make huge privacy enhancements over the years and they continue to work on improving the project.