Scorum and the Current Market
Its all up from here folks
THE YEAR LONG BEAR MARKET and its EFFECTS The Growing Pains of all ICOs has been complicated and made more difficult in a environment of one of the worst bear markets that has gone on for over a year its been all downhill until recently of the last couple weeks any hope of good performance on any platform was not going to happen in a Bear Market no buyers no volume a lot of new folks had lost big in the crash after buying near the top this causes fear and loss of confidence in all but a few die hards who like myself put a porfolio together As of recent we had support and appear to have hit bottom two weeks ago and we see some good moves up in the market GOOD NEWS THE MARKETS RECENT MOVE AND THE GOOD THINGS AHEAD After the market had gone into a Bear market most pro traders I know shorted all there trades and not until a about a week ago the trend had been of course lower lows followed by more lower highs we see at about a week ago volume increased the Total Market cap had been around 121 billion dollars at around this time I had thought we hit bottom it turned out later we did as support came in and we had increases in volume and some new money come into the market with the Total Market Cap now coming in at 135 BILLION its gained 14 billion in a week WHAT THIS MEANS FOR SCORUM AND WHAT TO EXPECT New money is coming in Buyers are buying again and of course as the market showing some traction and confidence is returning and buyers most likely will buy the Big Market Cap Stuff first to set up there investments ETH BTC LTC EOS XRP ect then Expand into buying Newer projects Smaller Market Caps Like Scorum for future investments This is where Scorum takes off its gonna be a little while im seeing a volume increase already most people are even starting to buy alt coins now with BTC dominance dropping to 50 to 51 % I also see some volume in the chart above and some increase in the price users arei up slightly also and tax return time is right around the the corner extra money coming in and I expect even more new money in the market for all these things together point to a good year for scorum and the worst I believe is over this is good project and will get success and lots of users it was only growing pains in a bear market is what held up a lot of projects and scorum offers far more than most and should do well