I just checked the charts: $VIB is down 63% in 24 hours, currently at 0.002, with $381K in trading volume. With volume like this alongside that kind of drop, it’s clearly panic selling. The Fear and Greed Index is on the floor right now—we’re still in the extreme fear zone. I placed a small buy order for some $VIB this morning, but it dipped again and hit my stop-loss right away. Lost the cost of a meal. Honestly, when these altcoins crash, they really don’t play fair.
$BETA and $PYR are also in a race to the bottom, down 64% and 57% respectively. $WTC and $PHB couldn’t hold up either. When the whole sector sells off like this, either something’s gone wrong with the projects, or liquidity has dried up. Even the Nasdaq’s 0.3% uptick can’t lift things, while gold is flat at 2360. Money has all retreated to safe havens.
In this market, you either stay in cash and watch, or take small positions and test the waters. Don’t expect to catch the absolute bottom—there are eighteen more levels of hell beneath the altcoin market. I’m going to keep an eye on how $VIB rebounds. If it bounces on rising volume and closes with a long lower wick, I might consider taking a small position. If you’re itching to trade, tap $VIB $BETA to check the order book on Binance, but don’t get carried away.
These are just my personal views and not investment advice.
$BETA and $PYR are also in a race to the bottom, down 64% and 57% respectively. $WTC and $PHB couldn’t hold up either. When the whole sector sells off like this, either something’s gone wrong with the projects, or liquidity has dried up. Even the Nasdaq’s 0.3% uptick can’t lift things, while gold is flat at 2360. Money has all retreated to safe havens.
In this market, you either stay in cash and watch, or take small positions and test the waters. Don’t expect to catch the absolute bottom—there are eighteen more levels of hell beneath the altcoin market. I’m going to keep an eye on how $VIB rebounds. If it bounces on rising volume and closes with a long lower wick, I might consider taking a small position. If you’re itching to trade, tap $VIB $BETA to check the order book on Binance, but don’t get carried away.
These are just my personal views and not investment advice.