Some people asked me whether they should chase $AKE after its huge surge. I recommend waiting and watching first!!
Today, an altcoin with gains of over 100% finally made it onto the gainers list. When I looked, wasn't this that same crazy coin, AKE, from before? Yesterday, not a single altcoin on the gainers list had gained over 100%. If AKE hadn't shown up, I would have thought the crypto market was about to shut down, and the Bitter Melon King would be out of a job.
Jumping in now to chase the rise would be like handing yourself over to this crazy coin to fleece you, because it's already trading at a very high level. Coins under this kind of tight control can halve in value at any time. The reason it's surged today is that tokens worth $5.73 million will be unlocked on November 21, accounting for about 9.347% of the current circulating market cap. So the market manipulators are pumping it in advance to build hype and sell off their holdings. There are still nearly 8 days until the token unlock, which gives them plenty of time to manipulate the market. If you missed today's AKE rally, don't panic—there may still be opportunities to trade AKE!!
That's my take on how to approach AKE. For reference only!!
#加密美股齐跌，下轮反弹的驱动力在哪？ #比特币跌破200周均线 #SpaceX与特斯拉合并谈判涉30220枚比特币 $BARD $SOPH
Today, an altcoin with gains of over 100% finally made it onto the gainers list. When I looked, wasn't this that same crazy coin, AKE, from before? Yesterday, not a single altcoin on the gainers list had gained over 100%. If AKE hadn't shown up, I would have thought the crypto market was about to shut down, and the Bitter Melon King would be out of a job.
Jumping in now to chase the rise would be like handing yourself over to this crazy coin to fleece you, because it's already trading at a very high level. Coins under this kind of tight control can halve in value at any time. The reason it's surged today is that tokens worth $5.73 million will be unlocked on November 21, accounting for about 9.347% of the current circulating market cap. So the market manipulators are pumping it in advance to build hype and sell off their holdings. There are still nearly 8 days until the token unlock, which gives them plenty of time to manipulate the market. If you missed today's AKE rally, don't panic—there may still be opportunities to trade AKE!!
That's my take on how to approach AKE. For reference only!!
#加密美股齐跌，下轮反弹的驱动力在哪？ #比特币跌破200周均线 #SpaceX与特斯拉合并谈判涉30220枚比特币 $BARD $SOPH
