THE FIRST 10 DAYS OF MAY HAVE BEEN MASSIVE FOR CRYPTO ๐
Congratulations to those who bought the dip :)
The recovery so far has been full of returns
$RNDR is up by 40%
$AKT $AIOZ are constantly in the daily top trending
$KAS moving above 12 cents
$RIO broke descending wedge
$DIONE rejecting 1 cents level
All this is happening because of the constant belief of the communities that the peak is not reached yet.
We have shared the long term outlook for Alts so many times in our journey but is's always good to maximise the returns by zooming in.
If you'd checkout the similar chart for Bitcoin, it has rejected this resistance and gone into another correction phase.
THIS IS GREAT NEWS
This divergence with the Total3 chart tells us the decreasing dominance of BTC on the shorter timeframes which will slowly appear on the monthly chart which we plot regularly on our platforms.
That being said, these candles are not the only indication of the green days, weeks and months.
Several developments are going all around the globe that should get us excited. ๐ฅ
For #AI holders, the $ASI merger, NVIDIA report of earnings is going to give a push.
For #RWA fans, the recent institutional involvement is JPMorgan and Visa jump into ambitious tokenisation project.
I am telling you this is just the start, we might be way ahead a little to call we are early in terms of market phase but in terms of global adoption, we are nowhere near.
The big institutions are not going to stay away from the space since they all crave capital into their businesses and the majority capital is going to be in the crypto space.
THEY WILL TRY TO DELAY THIS, BUT WE HAVE TO STAY STRONGER ๐ช