We are back in the game. The ugly streak went on for 11-13 days depending on which metric you look at. This is consistent with previous short term corrections. Of course, one day of excellent numbers does not mean we are out of the woods. But it is an excellent start. Another hopeful sign we had/have is that the moving averages never dipped below 50%.
First responders all learn that when you find a patient that’s in serious trouble, the first two things you do are get them breathing, and then stop the bleeding. Dash did that today.
For the previous 7 day time frame:
Dash outperformed 9 of the 17 coins ranked above us (53%). The 30 day SMA* is 55.7%.
Dash outperformed 7 of the 10 coins ranked below us (10%). The 30 day SMA* is 51.3%.
In total, Dash outperformed 16 of the top 27 coins (59%). The 30 day SMA* is 54.0%.
Bitcoin dominance dropped 3 10ths to 66.3%.
23 of the top 27 coins beat Bitcoin (85.2%).
22 of the top 27 cryptos were in the green (positive gains).
* The 30 day SMA is the Simple Moving Average for the last 30 days. It is represented with the red line.
As always, this is not investment advise. This is presented for educational purposes only. Do your own homework. Don’t trust some rando guy on the internet. All crypto is risky. Don’t invest more in crypto than you can afford to lose.
^ Dash versus the 17 coins listed above us. That’s more like it. Based on previous recoveries, I would expect a dip, and then another big gain.
^ Dash vs the 10 coins listed below us. This is the graph that gave us the first hint of a recovery.
^ The Broad Competitive Basket Index of Dash vs the top 27 crypto projects in the world. Now we need some follow through.