Washing
The most suffocating operation in the currency circle is the washing of the market makers, especially the deep washing that lasts for several years.
It is a feeling that makes all retail investors sell their stocks, everyone's faith collapses, and occasionally they suddenly exclaim and beat their chests and stamp their feet.
Several washes we have personally experienced
DOGE: Dogecoin was born in 2013. The price of the currency has been in an extremely depressed state for many years. Even the founder liquidated and ran away.
After N years of washing, the project that no one is optimistic about,
suddenly became popular in 2021. The richest man called for orders several times and the price increased by more than 700 times. Countless people regretted it.
ETC: Since it was listed on the three major exchanges in 2017, etc. has been tepid. In the bull market of 2017, it only rose to 47 dollars. After that, the price continued to be sluggish, and it remained at 3-5 dollars for many years, making everyone despair again and again, and finally selling their stocks.
As a result, in 2021, etc. suddenly exploded and directly rose to $180, and all the friends who sold their stocks regretted it.
LTC: Before 2017, LTC had been maintained at around $3-5, and everyone thought that this altcoin was not outstanding, and it was more practical to buy Bitcoin if you had money. As a result, such an inconspicuous altcoin, relying on the advantage of being tradable in the three major exchanges, directly rose to $370, with an annual increase of 100 times.
Summary: Old coins with high popularity, retail investors have sold their stocks, and are relatively cheap may be the target of deep washing and rejuvenating the second spring, but this is only a small part of the projects.
