$SYLO's next move
SYLO has grown considerably over the last few weeks. It has a market cap of just over 20m (token price is $0.0085), from 16m (token price $0.0062) at the beginning of April and 3m (token price $0.0012) on March 01. Current diluted market cap is just over 84m. It’s ranked 808.
In the coming days it has 4 options as shown on the graph. If it recovers from the market dump of this weekend it could return to Zone A where it was trending. Thereafter it could make another attempt on the ATH, or even try set a new ATH. Alternatively, it could drop back to Zone B where it had fallen due to the weekend dump and possible even Zone C if the dump continues.
Its already made it to the top 1000, and still has a pretty low market cap. My bet is that it will hit a new ATH within weeks. (Not a financial advice. All data taken from coinmarketcap.com).
NB: The market dump was probably a knee-jerk reaction to the Turkish news of banning crypto and possible crackdown announced in the US. SYLO itself seems to be a good project – which is why it’s in the top 1000.
In the coming days it has 4 options as shown on the graph. If it recovers from the market dump of this weekend it could return to Zone A where it was trending. Thereafter it could make another attempt on the ATH, or even try set a new ATH. Alternatively, it could drop back to Zone B where it had fallen due to the weekend dump and possible even Zone C if the dump continues.
Its already made it to the top 1000, and still has a pretty low market cap. My bet is that it will hit a new ATH within weeks. (Not a financial advice. All data taken from coinmarketcap.com).
NB: The market dump was probably a knee-jerk reaction to the Turkish news of banning crypto and possible crackdown announced in the US. SYLO itself seems to be a good project – which is why it’s in the top 1000.
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