Current Situation of Altcoins
There is a consensus among Bitcoin users that after reaching a peak, the subsequent drop can be around 80% from the top, with a range of 75-85%. This pattern is also observed in altcoins.
Specific Observations:
1. Absolute Bottom for Altcoins
On platforms like Binance, for altcoins with contracts (non-observation coins), the absolute bottom is typically when their market value drops below 200 million RMB.
The corresponding key value for this bottom is 0.0053.
While altcoins can fall below this value, they tend to automatically rebound over time.
2. Current Market Behavior:
Many altcoins are not dropping below the absolute bottom nor rising significantly. They are lingering near the bottom, causing prolonged stagnation.
This stagnation period, lasting around 62 days, frustrates investors, making them feel trapped and uncertain.
3. Statistical Trends:
Reaching the absolute bottom is rare and often occurs unexpectedly.
For instance, TRB (Tellor) frequently dropped below $10 abruptly, like during the 4.13 crash.
These drops are sudden, making it hard for investors to time their entry for picking up bargains.
Xai Vanguard:
Genesis - A New Era in Web3 Gaming
Introduction to Xai Vanguard: Genesis
👉June marks the beginning of Xai Vanguard: Genesis, a revolutionary campaign that introduces the Xai ecosystem and its cutting-edge web3 technologies.
👉Get ready to embark on an extraordinary journey across the Xai Gaming ecosystem.
Explore the Xai Ecosystem
👉 Familiarize yourself with the Xai ecosystem and its decentralized applications.
👉Complete quests that showcase on-chain engagement, community involvement, and exploration of the Xai ecosystem.
Contribute to the Evolution of Web3 Gaming
👉Participate in the Xai Vanguard: Genesis campaign and contribute to the future of Web3 gaming.
👉Earn points on the Genesis leaderboard and unlock special roles and opportunities within the ecosystem.