Smaller coins like $LDO, people want to use them to bet as a test of Ethereum, rather than holding
When Bitcoin plummets, people will rush to take profits or stop losses, so those currencies that have large positions and price increases in recent days/weeks will have huge short-term declines when Bitcoin retreats.
BTW, this situation resulted in a 25% retracement of global open interest - I would be buying around $2 and below and looking forward to it over the next few months if Bitcoin/Ethereum holds on to local lows and Towards the highs of the range, there will be significant price growth.
$SOL has been the focus of retail attention, and almost every transaction on $SOL goes through JupiterExchange
Barring the recent market downturn that has caused a drop in trading volumes, JupiterExchange trading volumes have increased more than 10-fold from $3.92 billion in November to $47.65 billion in March.
$JUP has a strong foothold in the $SOL ecosystem, with features including: LFG launchpad, top UX and UI experience, and partnerships with almost all projects
Why buy now?
$SOL Peak Fear and Panic (Celebrity Coin, Emission Fear, Under-Distribution Due to $ETH ETF Interest)
JUP proposes to cut 30% of total $JUP supply, the team will stake the entire first year allocation for 2 years to achieve zero supply shock
Zero VC involvement
$PHA in development for 2021-2022. Newly launched polkadot ecosystem project. As underwater as parent company $DOT itself.
$PHA was fully developed in 2022-2024 via its phat contract and a team was dedicated to developing its AI agent, and now it is live. Also, with the AI running, it did bounce 4x from the bottom, but that is not that impressive.
24-year high above $0.38. $PHA is currently trading at an important level. This is the best buy zone with major support at $0.083 which is also my invalidation level. I will exit if $PHA drops $0.08 on the high timeframe.
