Home / Crypto Currency / Populous Price Surge Could Push PPT Into the Crypto Market Cap Top 50

Populous Price Surge Could Push PPT Into the Crypto Market Cap Top 50

Most of the current cryptocurrency price momentum seems to indicate major gains loom on the horizon. Especially when it comes to the altcoins, things are heading in a very interesting direction right now. Populous, for example, notes very impressive gains across the board and is now on the verge of entering the cryptocurrency market cap top 50 once again.

Populous Price Gains Popularity

It is always interesting to see how a smidge of positive momentum sparks major altcoin rallies. This week has not been any different in this regard, even though there is still a fair sense of unease as far as cryptocurrency trends are concerned. These markets are not out of the woods by any means, although there is nothing to be overly concerned about as of right now.

In the past 24 hours, the Populous price noted a strong 11.5% uptrend. Because of this gain, the price per PPT has risen to $3.84 again, and it seems the altcoin should remain above $3.75 for the foreseeable future. There are also strong upticks in BTC and ETH value, further confirming the demand to trade PPT is on the increase.

The social media sentiment surrounding Populous seems to indicate this may just be the beginning of what is yet to come. Bobcat Crypto confirms he successfully closed a buy trade with a healthy profit of 30%. Noting strong gains in the span of under two weeks is one of the reasons why so many people are drawn to cryptocurrencies in the first place.

Despite the current uptrend, there are some traders who express concerns over the trend’s longevity. In the case of KryptoKanapi, they are confident PPT has been overbought significantly, which could lead to a brief correction in the coming hours. So far, no major dip has materialized yet, but remaining cautious seems more than warranted.

As is usually the case when altcoins become popular, there will be some form of a scam making the rounds. In the case of Populous, there is a new scam e-mail making the rounds telling users they can earn dividends by using a specific wallet. To date, any product offering dividends at a fixed rate per year is usually a scam, especially if that involves using a proprietary cryptocurrency wallet. Beware of such emails at all times.

Given the current circumstances, it would appear things continue to move on up for Populous in the coming hours. One has to keep in mind big gains usually lead to profit-taking and a small dip. How this will affect the Populous price exactly, remains to be determined. A push to $4 is not unlikely, although the relatively low trading will need to be improved upon to make that happen.

Read more

Check Also

86% of ICO Tokens Now Worth Less than Initial Cryptocurrency Exchange Listing Price

Global professional services firm Ernst & Young (EY) has released a report on the performance of ICOs over the last year, and in keeping with the bear market for cryptocurrency assets, the trend was predictably downward. Just 10 Tokens Count for 99% of All ICO Gains EY released a report on ICOs back in December 2017, The post 86% of ICO Tokens Now Worth Less than Initial Cryptocurrency Exchange Listing Price appeared first on CCN

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Disclaimer: Trading in bitcoins or other digital currencies carries a high level of risk and can result in the total loss of the invested capital. theonlinetech.org does not provide investment advice, but only reflects its own opinion. Please ensure that if you trade or invest in bitcoins or other digital currencies (for example, investing in cloud mining services) you fully understand the risks involved! Please also note that some external links are affiliate links.