The price of new coins has fallen recently, while the trend of old coins follows the trend of Bitcoin and Ethereum.
The decline of new coins is nothing more than these two points
1. A large number of retail investors buy a large number of new coins at the opening, and the price of new coins rises further. As long as the value of many new coins is not recognized by the market, the price will really fall. But there are still a large number of leeks trapped in it. Poor thing, it is not good to cut it, and it is not good to hold it.
2. In addition, new coins are also facing the risk of unlocking. At certain specific time points, a large number of new coins that were previously locked enter the market. When the supply increases, the price will fall. There are so many coins that can be bought and sold in the market, and the demand has not increased accordingly. If you don’t fall, who will fall?
Old coins are like Bitcoin and Ethereum. They have been in the market for so long, and their prices and market values are stable. They are more affected by the overall trend of the entire market and investor sentiment, rather than a single factor.
It is recommended that you have a deep understanding of both new and old coins and look at the background funds. Don’t blindly follow the trend.
If you don’t know how to choose? You don’t understand anything when you work alone?
Not analyzing the market clearly enough?
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LIVEThe US economy did not grow as fast as expected in the first quarter, causing the price of Bitcoin to fall. Generally speaking, a slowdown in economic growth is better for the risk market, but now this situation makes the Federal Reserve feel embarrassed. The economy is not strong enough, and the inflation problem still exists!
The cryptocurrency market also fell yesterday. But after the stock market closed, companies such as Intel, Microsoft and Alphabet released good earnings reports, which are expected to make the stock market more positive when it opens today. There is also a crucial PCE data that has not been released.
The Fed uses this data to judge the inflation situation.
If this data is higher than everyone expected, then the situation may become more complicated.
If it is lower than expected, it will be good for the risk market, and it may also allow the Federal Reserve to reduce inflation while not damaging the economy so much.
The US economic data and the trend of the cryptocurrency market affect each other.
If you don't know how to choose? Don't understand anything alone?
Not clear enough to analyze the market?
Follow Ajie, Jie is true to every fan comrade, and shares the layout for free.
If you need any consultation, just tell me boldly.
I dare not say that I can guarantee promotion, growth and profit. No one dares to say that he is so awesome. At least I will let you lose less money. Let you understand the market more fully, understand this currency circle, accumulate your own experience, constantly summarize experience, and improve your market analysis ability.
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