LJ Reports| 1/09/2021 | #1
LJ Reports, August 2021
by Lorimer Jenkins, y.at/⌛🚀💎🙌
Monthly Charts+ Crypto Market Cap + Top 9 Coins+ Thoughts + Watchlist
Top 9 largest market cap cryptocurrency's month opening prices :
BTC:- $41,728, ETH:- $2,536, BNB:- $333.3, ADA:- $1.32, XRP:- $0.74, DOGE:- $0.20, DOT:- $16.85, UNI:- $21.81, SOL:- $36.83
Month closing price :
BTC:- $47,068, ETH:- $3,408, BNB:- $469.3, ADA:- $2.75, XRP:- $1.25, DOGE:- $0.28, DOT:- $30.04, UNI:- $29.28, SOL:- $107.44
1st August 2021
Crypto Market Cap : $1.655T
1st September 2021
Crypto Market Cap : $2.13T
Percentage increase : 28.70%
Extremely bullish month, we have seen analyts and T/A people say we are crashing back down to $10k. Then Bitcoin doubles in 1 month, I smell a whale manipulation. This is just a reminder to why investing in fundamentals and HODL’ing are extremely important.
The thing I like about what i’m seeing is that Bitcoin is growing in price slowly, we aren’t seeing a huge pump. Which is telling me we are weeks away from a new all time high. I’m sensing the same people start to wake back up and also the same news sources publishing very FOMO news.
I smell a bull run, it looks like we could be seeing a $200k Bitcoin by the end of the year.
1st August Top 9 Coins Rank:
BTC, ETH, BNB, ADA, XRP, DOGE, DOT, UNI, SOL
1st September Top 9 Coins Rank:
BTC, ETH, ADA, BNB, XRP, DOGE, SOL, DOT, UNI
Rising through the ranks :
It’s looking like the hype around ADA smart contracts are causing ADA to pump, could be just hype but it’s going to be very exciting to see what they will produce this month.
SOL, the absolute gem this month has produced nearly a 3x return. Unpopular opinions from the Ethereum NFT community about the Solana NFT’s, but it’s going to be hard to beat that 50k TPS.
I like the way the space is going but still think we haven’t seen anything yet. Lots of coins are making new all time highs while Bitcoin isn’t doing much. I think now would be a good time to double down on my portfolio and think about potential.
I think when America turns off the money printer the space is going to really hurt. We must remember that now the space is very speculative, most coins actually aren’t being used for their intended purpose. Keep that in mind.
I think the next 3 months in Crypto are going to be extremely bullish.
El Salvador are launching the airdrop this month for all citizens to recieve Bitcoin, so we may see a big dump in the next couple of weeks.
But just remember
Watchlist for this month :
ETH : What is Ethereum ?
Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. After Bitcoin, it is the second largest cryptocurrency by market capitalization. Ethereum was invented in 2013 by programmer Vitalik Buterin.
Currently sitting at : $3,500
KSM : What is Kusama ?
Kusama (KSM) Review: A Polkadot Experiment. … Launched in May 2019 it is a parallel Polkadot network. It was built using the same code base and the same structure, but works far more rapidly than Polkadot. Although some may think of it as a testnet it is far more than that.
Currently sitting at : $376.42
by Lorimer Jenkins
Disclaimer : I am not a financial advisor these reports are for education purposes.