Letโs talk about the psychological perspective on this token, all right?
This is the token everyone was looking at, believing it would be the next big gem.
A few months ago, it showed a massive spike, liquidating many traders, and then it started crashing. Since then, it has been crashing almost every day, every week.
Now, most people are opening long positions on this token because they believe something will eventually push the price higher.
But I donโt think thatโs going to happen anytime soon.
Why? Because when the majority of traders are thinking and doing the same thing, the market often moves in the opposite direction.
Now, look at the chart.
The price is already near the bottom, right?
If youโre new to crypto and see a chart like this, youโll probably think, โOh damn, it canโt go any lower! Itโs already at the bottom!โ
But hereโs where psychology comes into play.
Iโve seen this scenario happen with so many projects. Just when everyone thinks the bottom is in, the price keeps falling, lower and lower, beyond what anyone could have imagined.
Maybe it drops to $0.15. Maybe even $0.01 is possible.
And hereโs the interesting part: even if it crashes to $0.01, it could eventually bounce back to $0.40. Thatโs how crazy this market can be.
So, from my psychological perspective, I believe this token has more room to crash.
Why?
Because if too many traders are opening long positions, another wave of downward volatility could trigger long liquidations and create even more selling pressure.
Remember, just because a token has already crashed 90% doesnโt mean it canโt crash another 90%.
This is my personal perspective based on market psychology, not a guarantee.
So guys, today again, I will talk about a token and its psychological movement, all right?
Iโm not gonna do any extra things here. I will just read peopleโs minds and then explain everything to you.
If you look at the 1 Week chart, itโs like a crazy pump from 1 cent to $3, right? Thatโs almost 300x!
So mainly, if we look at the past, tokens like BTW have been doing the same things in every cycle, right?
Now, if we can read peopleโs minds, even you guys will think the market cap is around $7 billion, I guess. Let me check. Yeah, $7 billion, and the fully diluted market cap is $24 billion, right?
So most people, including you, are thinking, โThis is huge, right? How long can it pump? It must be time to short now. It must be going to crash now, right?โ
But the problem is, for example, what if I tell you this token could hit $5?
Most people will say no, because the market cap would be around $15 billion.
And what if it hits $10? Holy shit, thatโs $30 billion! Itโs not possible, right?
I also agree with you. Itโs not possible for this kind of token to stay stable at a $15 billion or $30 billion market cap, right?
But what will happen if the exchange, because they have a lot of money, spikes the price for a few minutes, maybe 30 minutes, or even one hour, to $5 or maybe $10?
Because many of you are shorting this token right now.
So this is exactly what Iโm trying to make you understand. Trading doesnโt mean you have to trade every token.
Right now, if you look at our past two trades, we made good profits from this token.
So I wouldnโt suggest opening either a short or a long because this token could be crazily volatile!
I would especially never suggest opening a short right now.
Because yeah, of course, it can crash from here to $1, or maybe even 10 cents or 20 cents. Thatโs possible!
But what will happen if the exchange spikes the price to $5 or $10 for 30 minutes? We could all get liquidated, right?
Even if you have extra money and can afford to take risks, you can go long, all right?
A single wallet is holding over $35 million worth of $W tokens! This wallet is continuously transferring tokens to different wallets while also receiving tokens from multiple wallets.
So guys, for the past few days, Iโve been watching this token very carefully!
I was actually a private investor in this project a few years ago, before the token launched, and I sold my holdings for a good profit. But now I believe this token is sitting at a very interesting position again!
As you know, $JUP is the native token of Jupiter, a decentralised exchange (DEX).
We all know how exchange-related tokens like $BNB, $UNI and $HYPE have performed! And now Iโm looking at another token that I personally believe has good potential.
The market cap looks interesting, the product is good, and the overall ecosystem looks promising!
You guys know I donโt usually share random shitty tokens publicly! After $ZEC and $HYPE, another token Iโm watching closely is $JUP (Jupiter).
I personally believe $JUP could perform very well when the next bull run comes. Just look at the chart! Itโs already trading near its historical lows!
So what would I suggest?
If youโre planning to hold it for the long term, I would personally prefer buying on SPOT, not FUTURES! There is no reason to take unnecessary liquidation risks when youโre investing for the long term.
Remember, this is just my personal opinion, not financial advice! Always do your own research before buying anything.
Maybe one day youโll wake up and see there is no post from Zetoshi.
No X post. No Binance post. No Telegram post.
And maybe that day I will already have left this beautiful world and all the beautiful people like you.
But donโt cry for me when that day comes.
My goal is to build one of the strongest communities that can live far beyond me. In the future, I hope I can hand this community over to my son, my daughter, or my kids.
And maybe one day, years from now, youโll show your own kids my channel and tell them, โI used to follow this guy called Zetoshi.โ
I never watched YouTube videos about crypto. I never followed any influencer. When I knew nothing about crypto, I learned everything by myself just reading on Google, studying charts, testing things, making mistakes, and learning from them.
There was no mentor for me. And actually, that was a good thing.
I also want you to become independent, so that one day you wonโt have to follow my posts anymore
People always think, โLife would be so great if my dad had millions.โ
I think the opposite.
If my dad was a millionaire and gave me everything, maybe I would never be where I am today. I wouldnโt have needed to struggle, think, learn, take risks, or push myself. Maybe I would just become a lazy, useless guy with no hunger.
So donโt blame your family. Donโt blame your dad because he couldnโt give you millions.
When you have nothing in your pocket, that can be your biggest opportunity.
Because hunger forces you to think. It forces you to learn. It forces you to build yourself.