The good investor seizes opportunities. Those who fell in love with BTC will take longer to make money.
Last 30 days:
NEAR 170,38% / BTW 150,52% / ARB 133,92% / SUI 56,72% / UNI 92,11% / BTC 7,51%
Shitcoins have always performed fantastically in short term and that's why altcoin
trading (not altcoin
investing) has been a very good way of making quick profit even though it has
extremely higher risks.
Zoom out and analyze the full chart of any of these shitcoins you named and you'll see.
NEAR:This shitcoin had its moment in the sun back in 2022 at its early stages (like any other shitcoin). It got a massive pump from 5800 sat to 46000 sat (700%) and it has been down the hill ever since (like any other shitcoin), dumps after dumps with sometimes a dead cat bounce.
The recent pump you are talking about is also not "last 30 days". It was barely 3-4 days. The first signs of the pump came out when it started rising with high volume (injected by the pumping team) on 16th when the price went from 3000 sat to 3400 sat. That is the entry point for traders. The signs of pump running out of steam came on 19th when they couldn't keep the volume up and I say the exit should have happened on 20th when the price reached 5100 sat (for a 50% profit).
BTW:You can predict the future of this shitcoin by looking at the previous one! It is in its early stages (ie. NEAR in 2022) and is getting pumped for the time being. It is highly risky to bag-hold it while at the same time it can be highly profitable (the other shitcoin got pumped 3900%).
BitcoinBitcoin is solid. It has ups and downs but it is not being pumped and dumped. It never has downward spiral where the price keeps going lower and lower with some dead cat bounces before it dumps more. Each time it has a bear market, it has an end and it starts going back up.
This is why when a shitcoin like NEAR was 5000 sat back in 2020, bitcoin was about $3000. And now that NEAR is 5600 satoshi after 6 years, bitcoin is $80k+.
That is 12% rise versus 2566%.This is why people love bitcoin and hate shitcoins.
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