Addendum: 10 a.m., October 16 — Who reversed and who kept going?
Update to last night’s article:
The reversal: WAL, which was up +42% last night, flipped to -22% this morning. It was a liquidity trap, just as I warned.
The ones that kept going: AVA is still holding up at +4.46%, and Q is still in the green above 10 million.
This morning’s update: The whole market turned slightly green. BTC +0.67% to 82,078$ and ETH +0.7%. The strongest large-cap coin today is Starknet, and the strongest mid-cap coin is Akedo (AKE), up +16%, with a $719M market cap and high liquidity.
Bottom line: Filtering for 10 million saved us from the WAL trap, and we’ll focus only on coins with real liquidity.
Do you think AKE will keep going or reverse like WAL?
Update to last night’s article:
The reversal: WAL, which was up +42% last night, flipped to -22% this morning. It was a liquidity trap, just as I warned.
The ones that kept going: AVA is still holding up at +4.46%, and Q is still in the green above 10 million.
This morning’s update: The whole market turned slightly green. BTC +0.67% to 82,078$ and ETH +0.7%. The strongest large-cap coin today is Starknet, and the strongest mid-cap coin is Akedo (AKE), up +16%, with a $719M market cap and high liquidity.
Bottom line: Filtering for 10 million saved us from the WAL trap, and we’ll focus only on coins with real liquidity.
Do you think AKE will keep going or reverse like WAL?