Welcome to Pure Investment’s first installment of Altcoins Edge. Our team of talented analyst’s aim to provide you with multiple short term profitable trading scenarios every Monday, Wednesday and Friday.
This past week has been a roller coaster ride to say the least. The apparent “shelving of the crypto trading desk” at Goldman Sachs coincided with a sudden crash in the crypto market. This news was most likely not the sole cause but never the less the market continued on its way down. Recently we have seen a surge in large corporations involvement in crypto/blockchain related activities. This is evident through Google’s involvement in the Ethereum blockchain and Alibaba and IBM being ranked at the top of the global blockchain patent rankings. Positive news is not lacking but the negative news seems to have gripped the market and caused more downward movement.
It’s no secret the crypto market has been tumultuous for the past few months. Hell, it’s been wild ever since its inception and especially so in December of last year. While there have been many causes for concern for some inexperienced traders, hodlers who have zeroed in on certain tokens haven’t broken a sweat. This is because more experienced traders have chosen to invest in coins that have a rock-steady foundation and are poised for success. While these coins may not be flashy or have random 100% pumps, they bring the best returns over years and reward patient investors. Finding these coins isn’t the easiest task, however, and this week, we aim to show you how to find those diamonds in the rough.