The reasons behind CORE’s surge
First of all, we don’t study what he does, nor study his market value and circulation rate, nor look at the technical aspects. Let me teach you the simplest identification method.
Analyze the essential reasons
Let’s look at the weekly line first
On February 6, 2023, CORE was listed on OKX. The opening price was 0.03, with a maximum increase of 6.9 times and 230 times. Then in the second week, the maximum increase was 23%. From then on, users who boarded CORE embarked on a train that saw their principal shrink by 90%.
The trend that is most similar to this market trend is the ten consecutive positives on the daily line (Figure 2) that started at the end of May last year. The project side began to create heat (the market kept falling again at that time, so it only needs to rise slightly to create heat), and the market is In this way, there was no enthusiasm for three to five days. By the last seven or eight days, the leek army could no longer bear it. Before they had time, they started cheering at the five or six point increase on the tenth day. The next day The market continued to hit the market downwards, and CORE took advantage of the trend to ship goods, which directly dropped nearly 30%. After a long period of shuffling, almost all the external bargaining chips were collected by the project party at a lower price.
After reading the above, we don’t need to deliberately analyze why CORE has risen this time. Looking at Figure 3, the popularity has even surpassed that of Ethereum. If it were you, would you enter?
Can you control yourself in which of the most FOMO emotions on the sixth and seventh days?
This decline will definitely replicate the previous trend, we will wait and see
There are some deeper inside stories. We will use other coins as examples next time.
The market is actually not complicated. Follow me and I will show you the simplest way to see the market clearly.