There are many new coins introduced on Binance, but most of them are still limited to futures trading. Do you know why? Exchanges make money from trading fees, margin funding, and stop-loss or liquidation events. That's why it is more profitable for exchanges to attract users to trade in the futures market rather than the spot market. Exchanges encourage us to enter the futures market.
$DF most low cap coins pumped by the market maker force you to buy, when people start buying the price falling force you to sell, and they get your money
$JASMY Do you realize that in crypto, every coin has the chance to become a top gainer or a top loser? Money is always moving. Remember the pattern: pump, dump, sideways, pump.
$USUAL The hardest thing in trading is being patient. Sometimes, the coin you buy doesn’t pump significantly, even though other tokens start pumping. You sell your coin to buy the token that’s pumping, but as soon as you buy it, the price starts falling, and the token you just sold starts pumping. You switch back, and the price falls again. It’s frustrating, and in the end, you overtrade and end up losing 50% in a single day. Relatable?
If people have been in the crypto market for a long time, they will understand not to have high conviction in coins that have already pumped significantly without a correction. Be smart—cycles are always the same: pump, dump, sideways, pump, or dump again. There is rarely a high chance of making 100x gains in the short term. Overconfidence often leads to bad outcomes.
$COW During alt season, any coin you buy is likely to bring profit. However, it's essential to take your profit. Don't just screenshot your gains—be disciplined. One moment, you might see huge profits, but the next, those profits can easily turn into losses.
Many misconceptions exist in the crypto market, especially among retail investors, who often become overly optimistic during bullish trends. This can lead to significant losses, as seen in previous cycles.
Take the 2021-2022 cycle as an example:
At the end of 2021, many believed Bitcoin would continue its bull run into early 2022.
However, what followed was a distribution phase, where large holders (whales/institutions) began selling off their positions. This caused sharp declines, with Bitcoin dropping throughout 2022 and only starting to recover in mid-2023.
A similar pattern might unfold in January 2024:
1. Distribution Phase: After December's rally, January often becomes a period of profit-taking. This selling pressure from whales and institutions can trigger significant corrections.
2. Overoptimism: During euphoria, retail traders often ignore warning signs, believing prices will continue to rise. Historically, early-year corrections have followed late-year rallies, as seen in January 2022 and January 2018.
3. Lessons from 2022: Many investors faced significant losses in early 2022 because they ignored market signals. Learning from this, it's crucial to recognize distribution phases and avoid being swayed solely by market sentiment.
To manage risks effectively:
Monitor on-chain data, such as large Bitcoin transfers to exchanges.
Pay attention to technical patterns, especially resistance levels with increasing sell volume.
Stay rational, even during periods of market hype.
If historical trends repeat, January 2024 could mark the start of a correction phase, much like the transitions we saw in early 2022 and 2018. Stay vigilant!
TKO Coin and TokoCrypto’s Rumored IPO: What’s Driving the Price Surge?
Speculations are swirling that TokoCrypto, an Indonesian-based crypto exchange, is planning an IPO to raise $65 million. This rumor has fueled steady, albeit moderate, price increases for the TKO coin in recent days.
Interestingly, TKO was recently removed from Binance’s futures market, which has sparked further curiosity among traders. Some believe this might set the stage for a significant pump, potentially driving the coin back to its initial IPO price levels.
Is this the calm before the storm? Or are we witnessing a calculated build-up to something bigger? Only time will tell, but TKO is certainly a coin to watch.
What’s your take? Could TokoCrypto’s IPO rumors be the catalyst for TKO’s resurgence?
$SOL Solana (SOL) has been making waves in the crypto world with its lightning-fast transaction speeds, low fees, and growing ecosystem. Meanwhile, XRP, a veteran in the space, continues to hold its ground as a major player for cross-border payments.
With Solana’s rapid development and increasing adoption in DeFi and NFTs, could it surpass XRP in terms of market cap or influence?
Share your thoughts below! Will Solana take the lead, or will XRP remain dominant?