The market manipulators of this round seem to have changed their strategy!
Recalling the last bull market, those cryptocurrencies that soared like rockets may have been worth only 10 million US dollars when they were listed, and they had to experience a hundredfold growth to reach a market value of 1 billion.
However, in the current bull market, some new cryptocurrencies are marked with a market value of billions or even tens of billions as soon as they are born. This strategy seems to be to open high and close low, attract investors with high prices when they are first listed, and then regulate the market by continuously releasing the locked coins.
The main goal of the big players in the market, including institutional investors, is still to make profits. They can get these new coins at a lower price in the primary market, and sell them immediately after listing, which is undoubtedly "cutting leeks".
Today, investors seem to be more keen on chasing new cryptocurrencies rather than those that have been around for a while. The dealers have taken full advantage of this, and new coins are emerging in an endless stream, with market values of billions, which makes investors overwhelmed. Looking at the recent market decline, new coins have generally fallen by nearly 50%, and those investors who did not withdraw in time have undoubtedly suffered losses.
But it is worth noting that the current market makers are not without rules. For newly listed cryptocurrencies, investors need to be vigilant and choose carefully. What can really bring huge returns are often investment opportunities obtained through new listings, airdrops, etc. in the primary market. In the secondary market, there are very few cryptocurrencies with outstanding performance.
Therefore, I suggest that investors focus on mainstream cryptocurrencies such as Bitcoin. For altcoins, you can participate in a moderate amount but not over-invest. When Bitcoin falls by more than 10%, you can consider buying in batches to reduce risks. At the same time, remember not to invest all your funds in the same altcoin to avoid major losses.
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