Crypto Market Speculation: Doge, Dash & Peercoin

The fourth quarter (Q4) of 2017 will be an interesting ride for cryptocurrencies. The Bitcoin prices were on 18./19. September does not break the $ 4,200 mark and fluctuations between $ 3,550 and $ 4,000 continue to test market support. Alt-coin prices have followed the trend of Bitcoin, with the exception of a few currencies that quickly appreciated in value and then fell again shortly afterwards. Most of these currencies have a network of supporters but rely heavily on Bitcoin to continue to exist. When Bitcoin rebounds and hits $ 5,500, current alt-coin prices will appear ridiculously low; Market confidence is key to a good recovery. These drops in BTC / USD are also a great opportunity to get rid of Fiat.

Dogecoin is a good example of a popular cryptocurrency that is at relative lows. Though he’s currently trading just over 24 Satoshis, Doge is four times as high at USD as it was in March of this year for the same price against BTC.

Price speculation: Doge has been hovering near 0.00000020 ฿ for some time. Without new development, Doge may seem like a dying currency, but it continues to be recognized as fast and cheap in the crypto community. I expect Doge can reach 0.00000040 ฿ before encountering strong resistance. Reaching 0.00000056 ฿ likely means that Bitcoin has entered another bullish trend and reaching 0.00000093 ฿ or even 0.00000109 ฿ is possible for optimists. I expect the Doge to settle closer to 0.00000063 ฿ when these highs are reached.

Dash is a cryptocurrency that has performed well on its own. It has support against both Bitcoin and Fiat. As a payment option, Dash is more appealing to mainstream investors whose roots lie in centralized governance. In the open source / Bitcoin community, this centralization contradicts the core fundamentals of cryptocurrencies and is often stigmatized.

Price speculation: There is strong support at 0.077 ฿ and 0.084 ฿. This is an expensive starting price, but I speculate that Dash will soon climb to ฿ 0.103 and potentially break its all-time high (ATH) against Bitcoin and Fiat. (0.133 ฿ and above)

Peercoin is quietly moving along the crypto waves. Perhaps the antithesis of Dash, PPC is designed for community governance and fair distribution. The value of cryptocurrencies is often based on price and market capitalization, but the value of an established community is difficult to quantify. With the ICO craze still raging through the crypto space, competition for developers continues to drive them to more profitable or innovative cryptocurrencies.

Price speculation: PPC is still sitting on lows, waiting for Bitcoin to take a step. Further decline could bring it down to 0.00026, however support at 0.0003075 and 0.00032 is strong and could push the bottom to 0.00034 / 0.00038. Peercoin is similar to Litecoin ahead of March’s Dash Pump; trade quietly against bitcoin while maintaining and increasing value against fiat currencies. If peercoins act as late bloomers, my bullish forecast is for resistance around 0.00064 ฿. This is a bit of a hurdle considering the volume per day on PPC. The next level of resistance is around 0.00088 ฿ and price stability around 0.001075 ฿. These are bullish forecasts with Bitcoin moving towards $ 5500.

Cryptocurrency markets can be volatile and fluctuate in both directions. Always do your own research and chart analysis. These are my own trading views and should not be construed as investment advice.

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