The main reason why fewer 100x coins appeared this year is that the dog dealer changed its strategy.
Previously, the market value of 100x coins was $10 million, and 100x was $1 billion, but now the market value of the coins listed is more than $1 billion.
This strategy started from 100x, attracting more and more institutions and dealers to enter the market, thus suppressing the operating space of retail investors.
When the market generally believes that buying new coins is more cost-effective than buying old coins, dog dealers will list new coins with a market value of billions of dollars on the exchange, making the new coins in short supply.
The recent market decline also reflects the large-scale withdrawal of funds, causing many currencies to fall by about 50%.
Therefore, investors should be cautious about new coins, because most of them may not have good potential.
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