Big pancake breaks 80,000! How long can this surge last?
2024 is about to end, with just a month and a half left until the end of the year; institutions need to distribute dividends and share some profits with retail investors.
Everyone is well aware of their method of pushing prices up to sell off. Next, it’s all about who can run the fastest. It’s estimated that after this wave of altcoin frenzy, many projects may never rise again next year. After all, relying solely on hype won’t last long.
The simplest and most brutal method is to scam a wave of people and then run away, then open again in a different place to continue harvesting retail investors. After all, the cost of opening is not high. Many project teams just collect funds from primary private placements, then sell part of the coins they hold, spend a few million to get listed on an exchange, and let retail investors play on their own. Even if the coin price drops drastically, the project team doesn’t care; they promised the primary market they would get listed, and they did, so price fluctuations are just market behavior.
Let’s think back to the new coins launched this year. How many are reliable? Bitcoin has even reached a new high, yet many new coins launched this year haven't even recovered half of their value. Therefore, coins that don’t follow the market when it rises will definitely drop even more when the market falls.
Take HMSTR on the T chain, for example; it dropped nearly 7 times from its peak to its lowest point. Today it surged 90%, and now people think the bull market has arrived and they are in love? It hasn’t even returned to its previous low, and they think spring has come? I believe many people are still stuck in their positions, right?
Recently, I plan to ambush a potential coin that is ready to explode; doubling it is quite simple, and I’m also preparing to find some potential coins to hold until the end of the year, with an expected upside of more than 10 times being no problem. If you want to keep up, leave a message, follow, like, and share for free.
