When altcoins have rallied in 2019, it's been a sudden one-way ticket higher, and then the move ends. Pretty much everybody misses the rally, and everybody loses money who FOMOs after it.
To see if that story is changing, we are looking at ZRX on Coinbase. There are no doubt a lot of new users must be flooding in there. Conveniently, ZRX seems to be dipping towards a support level at .25. We think it may be worth a shot to take advantage of today's down day and maybe buy a dip here. If it works, the upside could be up to .40.
Bottom Line: If "blockchain is back," then smaller crypto should find buyers on dips. We think ZRX is an excellent place to try and experiment with buying a dip in an altcoin.
DISCLOSURE: Token Metrics is a regular publication of information, analysis and commentary and does not provide individually tailored investment advice. The Token Metrics team has invested and advised in many blockchain companies. A complete list of the team disclosures, advisory roles and current holdings can be viewed here: https://blog.tokenmetrics.com/disclosures/.