In this capital market competition, the real bottom reversal often forms quietly when market panic reaches its peak and most investors flee.
Although the market sentiment has gradually changed from optimistic enthusiasm for bargain hunting to caution or even panic, many investors are still trying to bargain hunt by buying in batches or full positions. However, the decline at this time is only a precursor to a major market correction, and for most people, this trend reversal is not easy to detect.
During the boom of the bull market, when prices are about to soar, major investors usually use various means to suppress prices, create a panic atmosphere, and force those retail investors who are not resolute to sell their chips. When prices are really violently pulled up, these retail investors wake up from their dreams and realize that this is a trap carefully designed by major investors.
When the market enters the final frenzy stage, many people cannot resist the temptation and rush to chase the rise to get more profits. However, this impulse often leads to them being stuck at high levels, because the main funds take advantage of the psychology of retail investors, making them have the illusion that the market is about to collapse, thus prompting them to sell their chips.
However, these are just appearances. The real purpose of the main funds is to create panic and illusions so that retail investors can reduce their chips, thereby making it easier to control the market trend and further trap more investors.
This game of the capital market is essentially a psychological game between major funds and retail investors. In this game, whoever can better control their emotions and gain insight into the true trend of the market will have an advantage in this game.
Buy these cryptocurrencies in 2024 and get 100 times the return!
1.FLOW
Flow, as a proof-of-stake blockchain platform, is committed to promoting the vigorous development of the open metaverse and Web3 ecosystem. It not only promotes the rise of consumer-level decentralized applications (DApps), decentralized finance (DeFi), and decentralized autonomous organizations (DAO), but also provides solid underlying support for non-fungible tokens (NFT) and personalized profile pictures (PFP) projects. The team behind Flow has attracted many diverse creators to join its ecosystem with its successful experience in projects such as CryptoKitties, NFL ALL DAY, and NBA Top Shot.
As the native token of the Flow blockchain, FLOW plays a pivotal role in staking, paying transaction fees, and network governance. As the number of users and DApps on the Flow blockchain continues to grow, the demand for FLOW tokens has also shown an upward trend. Recently, the price of FLOW tokens has soared to more than $0.5846, an increase of 8%, which shows the steady increase in its value and the market's positive expectations for the Flow blockchain ecosystem.
The market is increasingly bullish, and the value of FLOW tokens is expected to continue to rise amid reduced selling pressure. This is not only a recognition of the technical strength and market potential of the Flow blockchain, but also a sign that the open metaverse and Web3 ecosystem will usher in a more prosperous future.
2.HBAR
Hedera is modularizing its services to improve the convenience of the development process, the scalability of the system, and the efficiency of network operations to attract more attention and participation from developers. At the same time, the team is also actively upgrading its infrastructure to ensure the stability and reliability of the service.
In terms of price, HBAR (Hedera’s token) recently rebounded strongly from the key support level of $0.072 and successfully broke through the resistance level of $0.077. Although HBAR is currently trading at $0.084064, a slight drop of 2.8%, the market as a whole holds a bullish attitude towards HBAR’s trend.
If HBAR can stay above the 50-day moving average, it is considered a positive sign, indicating that its price may rise further to $0.095. This will be a positive response to the modularization of Hedera's services and the results of infrastructure upgrades, and also reflects the market's confidence in the future development of Hedera and its token HBAR.
3.MATIC
Polygon recently successfully integrated an advanced AI data layer, an innovative move that has greatly improved the data analysis capabilities and decision-making efficiency of its projects based on the Proof of Stake (PoS) protocol. MATIC, as its native token, is currently trading close to the important mark of $0.60. Once the coin can successfully break through this key support level, it is expected to show significant growth potential and momentum.
From the technical indicators, the relative strength index (RSI) shows a bullish signal, while the MVRV ratio shows that the current market is in an accumulation phase, which is usually a precursor to price increases. Therefore, although the current price of MATIC is about $0.57, it is crucial to keep it above $0.55 for its subsequent upward trend. This not only ensures the stability of the token and the confidence of investors, but also lays a solid foundation for the further development of Polygon.
4.GALA
The Gala platform empowers developers to easily create personalized tokens, smart contracts, and node networks, tools that seamlessly connect various assets to the two major blockchain networks of Ethereum and Binance Smart Chain. In the Gala ecosystem, its first-layer blockchain GalaChain plays a core role. It not only supports the wide application of Gala in the entertainment field (such as games, music, and movies), but also ensures data security and smooth transactions through its unique network architecture.
It is worth mentioning that the Gala platform has passed the security certification of CertiK, which further proves the stability and reliability of its technology. Recently, Gala's market performance has also been quite strong. Its token price is currently stable at $0.02932, up 5.83% in the past month, and up 47% in the past year. This stable growth trend and strong liquidity make Gala a highly anticipated investment option, showing great potential and prospects.
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