Has the crypto market really recovered and grown?

[MrSpasybo 1049]

We have had a series of exciting days since BTC bounced from $29.5K on July 21. Most of the "famous" coins are recovering and BTC price is safe above $40K.

However, one thing that worries me is that the total market cap has not had a large fluctuation, has not reached $2T and BTC.D is trending up.

If we analyze the market, we will see that the recent NFT games trend is being pumped up strongly, represented by AXS which has increased from $3 on June 22 to $56 on July 27, are low & mid cap tokens, not top coins.

Most of the NFT game projects appeared a long time ago and also underwent a deep adjustment on May 19, not new and interested in the community. So I think their growth is just a tool for whales to suck more money into the market and signal to investors about a new rally and growth. Then, of course, there was a massive sell-off to end the market.

What is your opinion on this matter? Is this a real rally and growth instead of a bulltrap?

[BullRunBit 2773]

10 hours ago, MrSpasybo said:

We have had a series of exciting days since BTC bounced from $29.5K on July 21. Most of the "famous" coins are recovering and BTC price is safe above $40K.

However, one thing that worries me is that the total market cap has not had a large fluctuation, has not reached $2T and BTC.D is trending up.

If we analyze the market, we will see that the recent NFT games trend is being pumped up strongly, represented by AXS which has increased from $3 on June 22 to $56 on July 27, are low & mid cap tokens, not top coins.

Most of the NFT game projects appeared a long time ago and also underwent a deep adjustment on May 19, not new and interested in the community. So I think their growth is just a tool for whales to suck more money into the market and signal to investors about a new rally and growth. Then, of course, there was a massive sell-off to end the market.

What is your opinion on this matter? Is this a real rally and growth instead of a bulltrap?

First of all I can not compare "NFT games" and BTC and altcoin's at all.

About "bulltrap" I saw one interesting picture that shows similar situation when BTC price first time (new ATH) hit 20k$ and after that was "bulltrap" as some call it and compare that time/situation with currently situation.

But before few days (1-2) I saw that some people talk that BTC price will soon hit 60k which is if you compare above what I write very confusing...

Is it "bulltrap" or BTC will hit 60k? 

If you ask me, this is very (at least) weird situation...

[Jakiriano 634]

I don't that te crypto market has fully recovered because we never know what will happen next. At least, for now.

Maybe we should for two or three more months to find the answer for that question.

But we still have the 60k wall up there.

[Maaz sultan 265]

Look friends, crypto is not just an investing opportunity or trading platform, but this is a whole world where you can explore web3.0 , nft and metaverse. You can buy and explore and lost in the world of crypto. Oh, blockchain itself is a huge field .

[Rabbi6860 150]

Most of the NFT game projects appeared a long time ago and also underwent a deep adjustment on May 19, not new and interested in the community. So I think their growth is just a tool for whales to suck more money into the market and signal to investors about a new rally and growth. 

But before few days (1-2) I saw that some people talk that BTC price will soon hit 60k which is if you compare above what I write very confusing...