A few little tips for judging a coin’s price trend—their accuracy has been pretty high based on past experience.
1. If a coin on Alpha launches a trading competition at the same time, its price will have a hard time climbing further. Even coins that haven’t been listed for futures trading will struggle to rally further.
2. For projects that offer mining rewards, the short-term peak is usually in. They generally don’t distribute rewards right at TGE; it takes some time. Whether there’ll still be price action after the rewards end is something to keep watching.
3. Altcoins that hold up well when the broader market is falling tend to stay relatively strong in the short term. When $BTC starts rising, they’ll usually rise even more.
4. Projects that ramp up marketing right before TGE are usually looking for the market to provide the buying pressure, rather than preparing funds themselves to push the price up. Projects with other goals that aren’t willing to spend more will look to the market for buying pressure. Those that have prepared their own funds generally don’t want others to snap up the tokens first.
5. If a project gets a group of people to shill it but the price still can’t rise in the short term, it’s usually trying to find buyers so insiders can sell. But this tactic is pretty outdated; few projects still do it. These days, they usually shill against the trend to attract short sellers.
6. Borrowing rates are a good indicator of whether a coin is about to take off.
7. The pattern these days is that once a coin gets listed on a Korean exchange, it’s basically in its last dance.
That’s all for today, hehe.
1. If a coin on Alpha launches a trading competition at the same time, its price will have a hard time climbing further. Even coins that haven’t been listed for futures trading will struggle to rally further.
2. For projects that offer mining rewards, the short-term peak is usually in. They generally don’t distribute rewards right at TGE; it takes some time. Whether there’ll still be price action after the rewards end is something to keep watching.
3. Altcoins that hold up well when the broader market is falling tend to stay relatively strong in the short term. When $BTC starts rising, they’ll usually rise even more.
4. Projects that ramp up marketing right before TGE are usually looking for the market to provide the buying pressure, rather than preparing funds themselves to push the price up. Projects with other goals that aren’t willing to spend more will look to the market for buying pressure. Those that have prepared their own funds generally don’t want others to snap up the tokens first.
5. If a project gets a group of people to shill it but the price still can’t rise in the short term, it’s usually trying to find buyers so insiders can sell. But this tactic is pretty outdated; few projects still do it. These days, they usually shill against the trend to attract short sellers.
6. Borrowing rates are a good indicator of whether a coin is about to take off.
7. The pattern these days is that once a coin gets listed on a Korean exchange, it’s basically in its last dance.
That’s all for today, hehe.