挖矿的小羊
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This round of altcoin surges is quite interesting, even the "historical legacy issue" like $LUNA can take off. I'm not surprised by the hippo surge; after all, this meme space is still being played with funds.
But to be honest, this kind of surge now seems more like the result of capital rotation: Bitcoin can't rise anymore, and money has to find a place to go. At this time, altcoins become the paradise for those picking up the pieces, especially for those coins with stories to tell.
What does it mean that LUNA can rise? It shows that the market really isn't short of speculative funds; what's lacking are the targets that can make people FOMO. This is the most dangerous time because everyone knows it's a game of passing the parcel, but everyone thinks they won't be the last one 😂
Projects like INJ, which are so-called "infrastructure" projects, are essentially typical representatives that have been abandoned by capital in a bear market.
Where has the money in the market gone: either playing PVP on Pump or waiting for Bitcoin to break new highs. Projects like INJ that need long-term narrative support are destined to be marginalized in the current environment dominated by speculative sentiment.
What does a 56% drop indicate? It means that even bottom-fishing funds are unwilling to enter the market. The real bottom is often accompanied by despairing emotions, and it doesn't seem like we've reached that level yet. However, that being said, if you really believe in this track, this price is indeed much more attractive than near ATH.
@Injective #Injective $INJ
But to be honest, this kind of surge now seems more like the result of capital rotation: Bitcoin can't rise anymore, and money has to find a place to go. At this time, altcoins become the paradise for those picking up the pieces, especially for those coins with stories to tell.
What does it mean that LUNA can rise? It shows that the market really isn't short of speculative funds; what's lacking are the targets that can make people FOMO. This is the most dangerous time because everyone knows it's a game of passing the parcel, but everyone thinks they won't be the last one 😂
Projects like INJ, which are so-called "infrastructure" projects, are essentially typical representatives that have been abandoned by capital in a bear market.
Where has the money in the market gone: either playing PVP on Pump or waiting for Bitcoin to break new highs. Projects like INJ that need long-term narrative support are destined to be marginalized in the current environment dominated by speculative sentiment.
What does a 56% drop indicate? It means that even bottom-fishing funds are unwilling to enter the market. The real bottom is often accompanied by despairing emotions, and it doesn't seem like we've reached that level yet. However, that being said, if you really believe in this track, this price is indeed much more attractive than near ATH.
@Injective #Injective $INJ
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