The cryptocurrency market is surging!! - Important knowledge of cryptocurrency that beginners can learn - Navi+ - GogoJungle | Auto Trading - Market Analysis

The cryptocurrency market is surging!!

The current cryptocurrency market

is on the rise.

Since April 13, Bitcoin

has started to surge significantly.

If you ask whether something happened on April 13,

there is no particular obvious cause.

However,

April 17 and today, April 20,

are the tax filing deadlines for the United States and Japan.

Because of this tax payment,

the selling of cryptocurrencies (profit-taking)

has been subdued in some views.

On the other hand,

there may have been deliberate selling as well.

I feel that could be the case.

*That aspect is explained in the paid newsletter.

Nevertheless, Bitcoin has

jumped from 700,000 to over 900,000 and is aiming for 1,000,000.

As for Ripple,

it has broken from 500,000 to over 90 yen

and is aiming for 100 yen.

NEM has risen from 20 yen to 40 yen

and is recording that level.

Although still short-term,

it is in a full uptrend.

The notable rises are mainly in assets with high market capitalization.

In other words, Bitcoin, Ripple, NEM,

Bitcoin Cash, Litecoin,

Cardano, etc.

As mentioned in this newsletter as well,

if you own cryptocurrencies,

you should focus on coins with high market capitalization.

In my portfolio,

overall assets have increased,

but I especially hold more Ripple and

Cardano, and with the same amount of funds,

they are competing against each other to sustain gains.

Experts predict that 2018 could bring strong opportunities

for institutional investors to participate,

and it might surge significantly.

Perhaps.

Now, I have summarized in an article the status of the cryptocurrency market surge and

its causes below: