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Binance's recently listed VC peak has been halved, and being too frequent has seriously drained resources. The last batch of listed VCs went through a long period of decline and adjustment, and not long after they started to rise, another batch was listed consecutively. The altcoin market doesn't print money this quickly.
Several Major Characteristics of Strong Dealer Coins
1️⃣ Long washing time Characteristics: • Time: Washing usually lasts more than 2 months. • Presentation form: • Horizontal market: The price fluctuates very little, leading people to mistakenly believe that the coin has no potential. • Gentle decline: The price slowly declines, creating a trend of disappointment, consuming the patience of holders. Dealer's intention: • Wash away floating chips: Through long-term horizontal trading or gentle declines, consuming retail investors' patience and confidence, forcing them to sell their chips. • Stabilize the chip structure: Reduce the uncertain floating chips in the market to lay the foundation for subsequent rises.
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