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  • Writer's pictureFutureKron

Crypto Update: Slow and steady upward movement. Will there be another pull-back? (Predictions)

After a relatively 'soft' start to the week, Apecoin (APE) has had another 15% surge to the $7.50 range. Meanwhile, Ethereum (ETH) continues its steady upward crawl, Cronos (CRO or continues its recovery, and there's plenty more where that came from. Still, I'm always on the look-out for general timing of the peaks and valleys, and here's what I see (more below)...

Pictured: in a recent Fortune article, ETH's co-founder Vitalik Buterin, says that the company's upcoming merge upgrade is "not priced in".

Please note that the following is not intended to be financial advice! It is merely my own 'prediction' or opinion of the potential price movements in the crypto market, and should be taken as entertainment purposes only. Be sure that you never invest any money that you can't afford to lose, and apply sensible, dollar cost averaging techniques to minimize losses.

First, I have to acknowledge a kind of "proof of prophecy" and mistake that I made in a previous post about ETH (dated May 26th, 2022). The good news is that in that post, I had predicted that during the most recent crypto dump ETH would hit a low of $600-$800. I believe it did wick down close the the $800 range. However, I had predicted that the price would go to....$2,300 by early 2023? Obvious typo! ($23,000 is what I meant, of course).

We can see ETH already on the move, with big gains into the $1500-$1600 range over it's recent low. Surprisingly, I can see this coin continue an upward trajectory, ABOVE ITS ALL TIME HIGH OF around $4,600 as soon as the first week of September! (It could go close to $5,000, but I'm not making any promises, of course).

So, expect a lot of money to be chasing this major altcoin during this time, which should impact the other coins somewhat. Still, I don't see a big advantage to holding ETH competitors like SOL and AVAX, for example, during this time. I'm not sure that there will be significant additional gains over and above the gains that the relatively "safe" ETH should realize.

After an early September spike, I would expect an over-arching pullback in the crypto market throughout much of September as the market prepares for some hefty gains in the beginning of October through much of the month. The end of the year softens for many (although, I've pointed out some big gainers late in the year into the early part of 2023 in previous posts...UNI, and SAND, for example).

Be aware that the crypto market could see a big pull-back in FEBRUARY of 2023! I'll post another update on this as we move closer to this timeframe.

Over the next couple of weeks (August), I'm going to continue to hold my APE (although in my last post I thought I might swap it out for SAND), my SAND, and CRO, among others. Once I think APE and SAND make their moves, I may roll them into ETH in anticipation of the early September gains, but I may take profits and hold for a short term to see what the market does (I don't see any HUGE dips, honestly...just normal consolidation), and then dive back in for a strong October.

And finally, I am not holding out to be a quadrillionaire like many of the crypto moon boys and girls, especially since that I truly believe that there could be a major global collapse and a (very short-lived) rise of a digital dollar that could completely suffocate the crypto market by 2028!

Instead, I'm seeking safety, and I'm laying my plans and making moves NOW. As I move along, I am expanding a more traditional e-commerce business of mine, and looking at purchasing another property overseas in a country that is tax friendly, and also has its own local currency and plenty of food and fuel of its own. I also plan to roll crypto gains into more traditional stock markets both here in the USA and abroad.

If you have any of your own coins that you'd like my take on, just post them below. And, as always, never EVER invest anything that you can't afford to lose. Life is about living, and you don't need to be wealthy to be happy and successful. Just use your FREE creativity.

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