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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