#RIVER Actually, upon closer inspection, it's clear why the market maker pushed the coin price so high. Currently, in the bear market, the entire market is falling, and there isn't a coin with high recognition. This coin has risen from just over one dollar to over 80, and it hasn't been a flash in the pan. It has been steadily climbing with step-by-step support, a very stable upward trend, mainly leveraging counter-human psychology. Everyone thinks that after less than a month of increase, rising over 80 times, where else can it go? Retail investors are shorting, while big whales seem to have coordinated and are collectively going long, and the market maker is also very tacit. Even after unlocking hundreds of millions of tokens, they haven't dumped the market. Taking this opportunity, they are building this coin into a mainstream altcoin. Just look at the market cap—it's already close to 7 billion USD. If they want to make it a mainstream altcoin with a market cap over 10 billion, it's inevitable. Don't expect a big dump anymore. Once a dump happens, with such a nearly hundredfold increase in a short period, no one will want to buy in, and it will only bury itself. So, the fate of this coin is to rise to a certain level and then follow the market to fluctuate and exit. Such a volume makes it impossible to be cut in half or experience a major drop. Switch coins if you want—don't hang yourself on one tree.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
Chapter10vip
· 01-26 08:36
The logic is sound, but as you mentioned, this coin is designed to be anti-human, and any reasoning is invalid.
View OriginalReply1
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)