【Madman Says Trend】The peak season of competitive coins has arrived, and the probability of Ether's price recovery has increased

The madman said…

Gods are flying all over the street, not because the teacher is powerful, but because of the money-making effect of the market. This is already the so-called peak season for competitive currencies. The crazier the emotions are, the more calm we should be. You can chase the market, FOMO, and hold heavy positions, but remember to set a stop loss. In such a sharp rise, if you happen to reach the top of the mountain, you may have to stand guard for several years. Who knows who will be upset? It doesn’t matter if you have higher-ups. What matters is against human nature. Don’t think that a bull market will definitely make money. As the saying goes, the easiest way to lose money is during a bull market. So if you make a mistake, be sure to stop loss. It’s better to admit losses than to keep falling and make up for them.

Talking about $ETH, in the past week, $XRP pumped 90%, $ADA 34%, $AVAX 24%, $TRX 14%, $SHIB 16%, $XLM 13%, $DOT 22%, $LINK 33%, $HBAR 171%, $LTC 39% among the top 20 projects by market capitalization. Except for 2 stable coins, BTC and Ether, there are still 16 left. Among them, 10 large market cap projects have risen more than 10% in a week, which means the probability of Ether rising is increasing. Currently, Ether only rose 6% in the past 7 days, and other weak projects like BNB and TON. Although some projects did not rise this week, they have already risen before, such as SOL, DOGE, BCH, and SUI.

Everyone is changing positions. If the Market Cap of the top 20 coins collectively drops by 50%, BTC’s dominance will drop below 40%, and the bull run will come to an end. The recent drop from 60% to 54%, I wonder if everyone feels the wealth effect? If not, consider reallocating. This round of bull run will not benefit all competing coins. The capital style is different from the previous bull runs. If you want stable returns, you can consider investing in the Grayscale Trust-supported bundle, which are possibilities for institutional participation. The smaller ones lying on the ground may only have a chance to catch up at the end.

Disclaimer: The article only represents the author’s personal opinions and does not represent the objective views and positions of Block. All content and opinions are for reference only and do not constitute investment advice. Investors should make their own decisions and trades, and the author and Block will not be responsible for any direct or indirect losses incurred by investors in their transactions.

< [The Madman Talks Trends] The peak season of competitive coins has arrived, increasing the probability of Ether’s price recovery.> This article was first published on ‘Blocktimes’.