Bitcoin’s Difficulty on Track for Historic Drop, but There Is Silver Lining – U.Today

Over thelast seven days, the crypto price pumps and dumps went through the community narratives and sentiments like a chainsaw through wood. New 'top performers' and 'ultimate hedges' have been elected and decimated on a daily basis. This roller coaster ride is nowhere near the end, sowe can only make preliminary conclusions.

When the price of Bitcoin (BTC) hit the $3,200 level in one-minute candle on BitMEX, several traders remembered the motto from 2018 -'I'm here for the technology'. Alongsidethat motto, some analysts have figured out that high-tech cryptocurrency systems may also be the most profitable during tough times. Here's what wasnoticed by Terry Langston, a wealthy manager and fintech advocate:

According to Langston, the splendid performance of Dash (DASH) could be explained by its widespread usage as an exchange tool and fundamental supremacy.

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Yesterday, Dash (DASH) surged 144% from the low of 'Black Friday' as its price skyrocketed from $31 to $77 this week.

Bitcoin (BTC), which had been called the 'hedge against volatility' and 'safe haven asset', failed to rapidly recover. It grew 82.5% after seeing the third worst carnage in its history. Yesterday, theprice of Bitcoin touched $7,000 level some exchanges. The crypto king failed to hold these gains in the face of aggressive sellers, but some top-class traders treated this as one more splendid opportunity to 'buy on the dip'.

Yesterday, the price of Ethereum (ETH) went up76.7% from its March 13th low, while Binance Coin (BNB) went up 113%.

Ironically, this week brought a couple of splendid opportunities for the holders of tokens outside the Top-50. For instance, after the Steemit platform hard forked, its native asset Steem (STEEM) surged up unbelievablyby 220% in 20 hours.

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This hard fork was applauded by the Crypto Twitter inhabitantsas a textbook example of the community-driven victory that has allowed the people behind the coin to regain control ofit.

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Bitcoin's Difficulty on Track for Historic Drop, but There Is Silver Lining - U.Today

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