Around #AKE there are crazy discussions right now.
Someone is shorting to the very end, someone holds a long-term long, and someone makes money from quick price moves.
But most of the posts are specifically about it being a scam and a bubble that is about to burst and will lead to массов ликвидації of long positions.
Honestly, watching the coin over the last week, I noticed an interesting pattern. At 0.0009 it seemed to me that the drop was already very close. But the price keeps rising.
What could this be caused by?
1. The stronger the upward move, the more people enter hoping to profit.
2. A powerful short squeeze that additionally pushes the price upward.
3. Open Interest fluctuates, but the overall trend still remains upward for now.
4. More and more posts about profits in the tens of thousands of dollars on AKE, which attracts even more traders.
5. Large players can significantly influence price movement and liquidity.
6. A colossal influx of margin into this coin. The more volume there is, the more attention it gets from the exchange and the trading community.
As a result, crowd psychology kicks in: the more discussions there are, the more new participants come to the market.
So far, I can’t confidently say that this is a bubble. Instead, it seems to me that we’re currently seeing a very strong effect of inertia and mass interest.
Even if a correction starts, it seems unlikely to me that the price will immediately return to its previous lows.
This is just a beginner’s theory. Maybe I’m wrong. But that’s exactly why it’s so interesting for me to read different opinions and analyze dozens of theories that are now emerging around #AKE
