Bitcoin, Ethereum, Cryptocurrencies

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In the current correction most main cryptos are still within their near term support areas, but Dash has broken support and Litecoin is likely in the process of breaking too. The Ripple chart is an anomaly, and still looks poised to go higher in the near term. Otherwise the charts look vulnerable in the near term.

I've only been following the main crypto charts - Bitcoin, Ethereum, Litecoin, Monero, Dash, and Ripple. These things can flip on a dime, but the existence of the Bitcoin futures makes it easier to short, so things can get even crazier. Imo these cryptos are now just speculative vehicles for hedge funds with no chance of widespread adoption as currencies. The few that survive will be relegated back to use by drug and weapons dealers, child traffickers, etc.

On the other hand, blockchain/DLT technology will be widely adopted by the mainstream financial industry and the world's central banks. Russia and China will use blockchain to bypass the US Dollar and its SWIFT settlement system. Even the IMF will use blockchain for its world currency, the SDR/Special Drawing Rights. But the 'independent' cryptos like Bitcoin, etc will go back into the shadows for use on the Dark Web.

But in the meantime, the hustlers and hedge funds of Wall St recognize a great speculative vehicle when they see it, and the Wild West casino will continue, albeit with more volatility and risk for us small fry.