Cryptocurrencies have been brutally devaluated against Bitcoin, there is a coin that has managed to raise its price against the tide. Ren (REN / BTC) opened the year with a value of 549 satoshis.
The main reason why we believe Ren can have tremendous upper potential is its long accumulation time. When we look at the daily table, the cryptocurrency between December 6, 2018, and July 20, 2019, shows that there is significant accumulation. During this period, the cryptocurrency has been traded in a wide range between 400 satoshis and 890 satoshis.
Seven months later, it rose to 1,342 satoshis. While other cryptocurrencies depreciated against Bitcoin, this rise points to an impressive 144.44% gain.
With a solid base, Ren was able to break a large double-bottomed pattern on the weekly chart when he resisted 890 satoshi value on July 20. The best thing about Ren’s ascent is that the bull race has just begun.is a break in the cryptocurrency marks the beginning of the bullish trend from a macro perspective?
The best thing about Ren’s ascent is that the bull race has just begun.
In Cryptocurrency Bitcoin is not accompanied by Altcom the highs are known to experience a significant loss of value in the face of Bitcoin. The fact that altcoins gain significant value at the stage where Bitcoin started to fall is considered as an altcoin season and the investor invests the pros and cons of this season.