This is the problem with Crypto. They List coins with around 1% of circulating supply. Then pump it to Billions of market Cap.
Look at $WLD , Its FDV is more than any Altcoin after $ETH . That's nearly equivalent to the present day's OpenAI valuation . Once the bullrun is over, these coins will go and scratch the floor. If we short these coins with no leverage, surely After a few years that will be atleast 25X return.
Bitcoin traded at around $1,08,000 for a long time. All those people who thought they Missed it previously , here $BTC trading around $63,500 for more than 7 weeks. Miss it again.
what you think about Gold 🪙 rally? does any one should even care about crypto as "long-term" investment sort of thing? you see any token is just pump and dump.
CRYPTO MECHANIC
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The crypto market has evolved a lot. There are thousands of coins now. If you’re buying an altcoin for the long term, ask yourself one question:
With so many coins flooding the market, can this one really stand out?
Take Ethereum as an example. It’s the second-largest coin in the market, yet it still hasn’t broken its all-time high in the past four years. It’s still around 30–40% below its peak.