In the past few days, the little brothers on the Ethereum chain have been rising happily; many people probably forget the risks;
These coins don't even have a house; they are just renting a house on the Ethereum chain. From a demand logic perspective, some small coins have indeed created demand through promotional means, leading to strong price increases, but it depends on whether you can hit the right bet! However, more than 90% of altcoins in this round will go to zero, which is very certain! Don't waste your funds betting on coins that will return to zero;
What NFT, chain games, inscriptions, hitting dogs, launching new coins for crowdfunding...~~ these are all exchanging your valuable coins for garbage, essentially continuously bleeding into Ethereum, BTC, and SOL; the mission of these issued projects is to profit from the naive investors...
In this round, SOL120 is around 120 to hit dogs. Why is it getting harder as it rises? The reason is that there is a demand for hitting dogs. As long as there are occasional gold dog explosions, the SOL price will remain strong. Even if the SOL project party sets up the game (after all, retail investors can't buy in because the big players can see your cards; if you place a heavy bet, the big players will open a new game with new dogs), SOL will cause a coin shortage, and then retail investors will follow the trend to buy in, resulting in the price increase goal being achieved!
So: what do you decide to buy? It must be backed by strong market demand behind the project! Only then can we discuss technical analysis entry points (even if someone is manipulating the market);
Why?
Because the market is essentially a game made by people!
