As usual, Sunday brings little movement on the crypto market. Institutional investors are not active at the weekend, there is little news and investors are still trying to digest the shock caused by the biggest crypto crash in history on Saturday night. There have never been such strong market fluctuations in one day, so investors and traders are now faced with the question of whether they should buy now or wait. It is therefore worth following developments closely in the coming week.
Black Monday & Tuesday?
Crashes are nothing new in the crypto market. Although Bitcoin has become comparatively stable due to institutional adaptation, altcoins can still experience massive price fluctuations within a very short period of time. However, it has never been as strong as on Saturday night. In the biggest crypto crash in history, some altcoins fell by 50% – 80%, some even over 90%.
Of course, many people used the new prices as an opportunity to get started. At least if their orders could be executed, which was not the case for most of them because the exchanges were massively overloaded. However, there are also some things that suggest that things could go downhill again in the next two days.
The crypto expert from All-round Bitcoin has so far convinced with an extremely high hit rate and points out that the crash was historic, but took place after the stock market closed. This means that there is a risk that should not be underestimated that there could be another massive sell-off on the institutional side tomorrow.
Since Monday is a holiday in the USA, but the stock markets in Europe and Asia are open, the crash could even extend to Tuesday. Europe and Asia could start sales first, followed by the USA on Tuesday if there is no all-clear regarding the customs dispute by then. But there are also some projects that remain bullish.
Last chance at Snorter
One of the altcoins that investors should keep an eye on in the coming week is Snorter ($SNORT). Snorter is currently still in pre-sale, but the opportunity to get in at a low fixed price ends in 8 days. The new coin will then be listed on the stock exchanges and analysts suspect a price explosion at the start of trading.
($SNORT Token Presale – Source: Snorter Token Website)
Snorter is a meme coin trading bot being developed that is integrated into Telegram Messenger. For investors, trading meme coins has never been easier, as buy and sell orders can be carried out directly via the messenger. Snorter has numerous practical functions such as copy trading, a sniper function, limit orders and much more.
This means that the bot appeals to both beginners and professionals, and demand for the associated $SNORT token is likely to quickly explode as the bot’s popularity grows. Investors bought tokens worth almost $4.6 million during presales, leading analysts to believe that the price could go through the roof after launch.
Buy $SNORT in the presale now for a short time.
Bitcoin Hyper price increase
Bitcoin Hyper ($HYPER) is another altcoin coming onto the market that investors should keep an eye on. Numerous international crypto media are already reporting on $HYPER as possibly the most important altcoin this year. Bitcoin Hyper is developing a Layer 2 solution that is intended to make Bitcoin DeFi-capable and thus eliminate the biggest disadvantage of the digital reserve currency.
So far, Bitcoin investors have been able to benefit from massive price increases, but have not been able to earn any interest through DeFi applications. Bitcoin Hyper is supposed to change that. At the center of the new Layer 2 is the $HYPER token, which is currently still available for pre-sale.
($HYPER Token Presale – Source: Bitcoin Hyper website)
Investors invested over $23 million in $HYPER during the pre-sale, which is why analysts believe a price increase of well over 2,000% after launch is possible. Some are already talking about a potential top 100 coin, which would mean extremely high returns for early investors. However, the next price increase will take place tomorrow, which will bring early investors their first book profit.
Get in now and buy $HYPER in the presale.
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