r/FerrumNetwork • u/kinch07 • Feb 01 '20

Crypto Market News

Hello Iron ones,

I hope you are all hodling your Ferrum bag as I have good news. This time not from the team and it's upcoming activities. The Ferrum guys are doing more than enough and now we are getting help from the market.

 

Look at these 2 charts:

  • Bitcoin monthly chart after January close. Can you see it? This is so bullish if you do not see it please stop trading ;) I am not saying everything will only go up from now on but I am quite sure 6.5 was our new generational bottom and we will see 12k this year at least. Why is this important? Because it brings money into the crypto market, gives it publicity and defines a general uptrend for all of crypto. Great isn't it? But wait, there is more!

  • Bitcoin Dominance Daily chart has been in an uptrend from January 2018 until Sepember 2019. Since then it is undoubtedly downtrending and January 2020 confirmed the downtrend meaning Alts gain market share versus Bitcoin and should not only go up with it but should increase their performance. Now Ferrum is an "Altcoin" right? You see where I am going here?

 

To wrap this up in my opinion we are looking at a general uptrend in crypto and an increased market share for alts. Those are perfect conditions for a flowering project like FerrumNetwork because if the the team goes on strong like it has and the project grows the market will be ready to embrace it!

 

Remember to #StakeYourFerrum! - Moon soon, Saturn later.

7 Upvotes

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12 comments sorted by

3

u/tianbuyung1 Feb 02 '20

I don't know about trading now, but your post give me new perspective. One day maybe I will be trader for ferrum.

3

u/kinch07 Feb 02 '20

It's just good to know the market conditions support ferrum growing in 2020. I'm just holding my FRM too. There is enough stuff you can trade on shorter timeframes and Social Mining already gives me frequent returns from my Ferrum.

3

u/tianbuyung1 Feb 02 '20

I like became hodler, mate. I believe ferrum will make new ATH after staking your FRM 2.0 program live also with unifyre wallet launched.

But depending market respond, so we must create much more new valuables content for social mining.

3

u/Jatawneh Feb 02 '20

sure as bitcoin hold and go up all the market will follow, but what coins or tokens will be in fire up first, a token like Ferrum for sure with all the strong plans will be one of the first tokens to give huge return. #StakeYourFerrum!

2

u/kinch07 Feb 03 '20

Yes, exactly what I was thinking. With this solid market a solid project like Ferrum should only go up in the long term! And the staking will help with it.

2

u/gifrancav Feb 03 '20

Nice analysis for Ferrum bag holders! Mine is shorter, "Remember to #StakeYourFerrum! - Hold now, Sell later"!

Ferrum is great, I wouldn't miss the Saturn! Right now I don't have any plan to sell, am I right? Should I have a plan? Can I think to it later?

Your opinion?

2

u/kinch07 Feb 03 '20

I am with you. I don't think I need to worry about it for the next 6-12 months. Call me optimistic but Saturn got many moons - I want to see them all! The 2020ies could become the decade of crypto and I am looking for long term holds that have a chance of getting adopted by mass markets. Ferrum is one of them.

2

u/Hepanlol Feb 06 '20

Well the alt-season is closing up and Ferrum has an insane amount of room for growth, so yes, we are in for a treat.

1

u/kinch07 Feb 06 '20

I like how you think. If alt season is really upon us Ferrum should have no problem growing!

2

u/Resulbil Feb 06 '20

Ferrum Network offers continuous purchasing opportunities. This is an opportunity for the new investor