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Note: "This analysis is an adaptation from the work of Mati Greenspan, Senior market analyst at eToro.
Main key points:
- Bitcoin and Ethereum appear to be in oversold territory
- The fundamentals show a much stronger story than the price
- Dash finds a new case of use in KFC Venezuela
Bitcoin and Ethereum have gone beyond the fundamentals
The market has witnessed a serious collapse and does not seem to have yet found a plan. The index of fear and greed seems to suggest conditions of extreme fear in the market, as nobody knows where the sale would stop. While many analysts have suddenly become bearish, Christopher Burniske, the famous Venture Capitalist, has published a post titled "Bitcoin & Ethereum: prices fall more than basics". As the title suggests, the post gives a good look at some of the network factors including the supply side (hashrate) and the demand side (daily transactions, functionality, active portfolios) for two of the most popular cryptos. Overall, these factors tend to align well enough with the price, but Chris points out a divergence that might suggest that the market is now oversold. This research advanced by Chris is a strong affirmation that the volatility observed in the last month is mainly a technical sale and is not a fundamental reason for doing so.
Dash finds a new case of use in KFC Venezuela
Recently, Dash has made excellent progress on the field, especially where the crypt is most needed. This latest title, the KFC will begin to accept Dash payments in Venezuela, shows that the coins will greatly increase their overall money market share in Venezuela. KFC is not the first big fast food chain to do without Dash. Both Papa Giovanni and Subway are already successfully using Dash for fast fast food payments. In general, Dash added merchants to the right and left. The directory site that tracks has already counted more than 4,400 locations, especially in Venezuela. In addition, the Dash Core Foundation recently reported that they are overcoming the storm quite well and that the coffers of the network are more than sufficient to support operations and even expand further. Given this type of fundamental dissonance at stake, it can make it difficult for the average investor to choose projects that have a bright future and distinguish them from those that are in a clearer recession.
Summary
Item name
Expert opinion: Bitcoin and etereum surpass the fundamentals, while Dash finds the case at KFC in Venezuela
Description
Bitcoin and Ethereum appear to be in oversold territory
The fundamentals show a much stronger story than the price
Dash finds a new case of use in KFC Venezuela
Author
Mati Greenspan
Publisher name
Coingape
Publisher logo
The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or the publication has no responsibility for personal financial loss.
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