$SOL $NOT $BTC 🔴🔴 ATTENTION TRADERS 🔴🔴 If you’re involved in futures trading, this is an important read for you. 🔴 LEVERAGE: A POTENTIAL DISASTER IN THE MARKET I’ve reiterated numerous times, “Avoid futures and leverage if you’re new to crypto. Even with 3-4 years of experience, it’s advisable to refrain.” Let’s understand the impact of leverage on the crypto market. 🔴 UNDERSTANDING LEVERAGE Leverage allows you to trade with borrowed funds. For example, using $500 with 10X leverage means you trade as if you had $5000. If the price drops by 10%, your position is liquidated, creating a market sell-off to recover the exchange's funds. This triggers a cascade of sell orders, pushing prices further down. 🔴 LEVERAGE ON A LARGER SCALE Imagine 100,000 traders using 10X leverage on ETH at different levels. A 10% drop triggers massive liquidations, causing cascading sell-offs and significant price drops. This risk of cascading liquidations can lead to flash crashes, where prices drop rapidly within minutes. 🔴 RISK OF FLASH CRASHES Excessive leverage can lead to flash crashes, where ETH or other assets can drop 15-20% within minutes due to mass liquidations. This phenomenon is similar in traditional finance with banks and hedge funds. Stay cautious, trade wisely, and avoid excessive leverage to navigate these turbulent times effectively. #VanEck_SOL_ETFS #ETH_ETFs_Approval_Predictions #Bitcoin❗ #altcoins #BTC☀ $BTC
List of Altcoins Poised for 10X Growth Amid Crypto Bloodbath Ethereum (ETH): The cornerstone of his altcoin strategy is Ethereum. Miles emphasized its potential due to the anticipated approval of an Ethereum ETF (Exchange-Traded Fund). He noted that while Ethereum might not skyrocket instantly, its steady rise from a $1,500 low indicates strong upward momentum. With a current market cap of approximately $428 billion, it’s dwarfed by Bitcoin’s $1.2 trillion, yet it remains a solid bet for doubling or tripling in value. Pepe (PEPE): Next up is Pepe, a meme coin with a robust community. Despite the speculative nature of meme coins, Miles sees significant potential for gains, driven by its popularity and community support. Solana (SOL): Complementing Ethereum, Solana is a key component of his portfolio. While it boasts a high market valuation, Miles recommends waiting for lower entry points to optimize risk-reward ratios. He sees Solana as a high-potential project with opportunities for substantial gains. Whiff (WHIFF): Lastly, Whiff, another meme coin, is tied to Solana’s ecosystem. By diversifying with Whiff, Miles aims to balance his portfolio, offering another avenue for potential profits. His approach is to buy these coins during price drops and hold them for several months or up to a year, banking on their future value appreciation.$SOL $USDC $BTC #