Privacy coins aren’t doing well today 📉
$ZEC is among the biggest coins to drop, down around 11.5% in 24 hours, with a price of about $1,028 according to CoinMarketCap.
And it’s not alone: $XMR is down nearly 7%, and DASH is down about 7.7%.
When an entire sector drops together, the cause is usually not a problem with a single coin, but money flowing out of the sector after a rally or broader market pressure.
If you’re holding coins like these, it’s best to review the size of your position and where you’ve set your stop-loss, rather than making an emotional decision.
Not financial advice.
What do you think of privacy coins? Does the sector have a future, or is this just a passing trend?
#BinanceSquare #ZEC #PrivacyCoins
$ZEC is among the biggest coins to drop, down around 11.5% in 24 hours, with a price of about $1,028 according to CoinMarketCap.
And it’s not alone: $XMR is down nearly 7%, and DASH is down about 7.7%.
When an entire sector drops together, the cause is usually not a problem with a single coin, but money flowing out of the sector after a rally or broader market pressure.
If you’re holding coins like these, it’s best to review the size of your position and where you’ve set your stop-loss, rather than making an emotional decision.
Not financial advice.
What do you think of privacy coins? Does the sector have a future, or is this just a passing trend?
#BinanceSquare #ZEC #PrivacyCoins
