HAVE YOU NOTICED THAT THE THINGS YOU PURSUE DON'T WORK OUT FOR YOU?
You're at the right place if you're trying to figure out why your expectations for a deal appear to consistently fall short.
This is the reason.
Because of their potential for large returns, the most talked-about and in-demand cryptocurrency tokens are also the most volatile. Tokens like $RARE, $VIDT, $SUN, $BANANA, $POPCAT, $ALPACA, and many more can be used to demonstrate this. But how can we actually tell which chase would be detrimental to our capitals?
Here's how.
During a specific token's early spikes, particularly following its launch on Binance. The trend is that it will rise by more than 10% to 20%, which will alert traders to a potential surge. More and more traders are joining the fray in an effort to increase their profits as this specific coin is traded and discussed. The trend for the token's price to rise will increase as more traders join in on the excitement because there will be more demand.
This is where practically no trader benefits from chasing the price.
First, those who started at the bottom would probably profit the most because they would already have made a huge profit after it surged by more than 10% to 20%. Second, many would lose their money as the possibility of greater prices persisted because the excitement would entice many to enter at a careless price that would almost certainly deplete their capital. After a thorough examination, many would be caught at the top of the clipped wings of the token, which will eventually have its wings cut off once the excitement surrounding it has subsided.
Stay wise, trade cautiously.