$UTK weak coins in the payment system. Quite similar to ACH but capped at 1/10. Basically just pumped over 200m tokens directly into circulation. I don't understand how they can create tokens and publicly sell them like this without intervention from the exchange, or maybe they also have a stake in it, so they ignore it. It's tough for long-term holders.
$UTK This project is an old project that was just bought back. The supply increased in the wrong direction, sold like trash, Cap is only 23M but not monitored. Maybe this Dev has a good relationship with Binance or sold until the project died and then abandoned it.
This season, BTC and Altcoin are basically still running in price according to the 4-year cycle. The only difference is that the buying pressure from funds for BTC is larger, so BTC surpassed ATH for the first time before Halving. As for Altcoin, due to strong fomo from small investors from the psychology of buying and waiting for xx accounts from the previous season, buying every coin that comes out, so MM has reversed, listed high prices and then dumped, then suppressed the price and collected it, not listing low prices and then PR to push up the price like the previous season. Most investors were surprised and bought altcoins at high prices from January to April. The following is an important time for altcoins. If BTC goes up to 99k, creating strong fomo and pulling altcoins to the strong growth season, then the market will repeat the cycle. If altcoins only create small waves for MM to continue to take liquidity, withdraw money from altcoins to collect and push BTC, then the first death purge of altcoins will officially begin. No matter what this season is like, soon a big Altcoin purge will take place, the regulations of the MICA law in Europe and strict legal regulations for cryptocurrencies will kill off pie-in-the-sky projects and projects that do not comply with regulations. From the end of 2025 onwards, investing in an Altcoin with real value and that can fully ensure the regulations of cryptocurrency law will be very important for those who invest in Altcoins. goodluck!
#LUMIA is the predecessor token derived from the ORN project. A revolution or simply a rebranding because the old brand was not performing well, and to attract new investors in the new season, only time will tell. Currently, many are wondering why the price has continuously decreased since listing, and even now when BTC is rising, the price hasn't increased. Here are my observations: - In terms of supply: after the rebranding, the supply has significantly increased, corresponding to a diluted market cap, which naturally affects long-term holders the most. - Essentially, it is just new wine in old bottles, so there hasn't been any breakthrough in development. - Historically, ORN's market cap was below 50M for 2 years, while currently, Lumia's market cap is over 70M, having decreased from over 100M at listing. So if it decreases further to test 50M again, it wouldn't be surprising. - According to the project introduction, Lumia has investment from DWF LABS; if this is true, it would be good for the long term, but in the short term, this market maker is known for suppressing prices, so do your own research. ->>> In summary, Lumia may still be okay in the long term, but in the short term, it may experience further price suppression, so please be patient and gradually invest if you believe in this project.
#MarketDownturn I talked about a new psychological manipulation that is the best and strongest of the bookmakers, not money. Let's look back at the change in our mindset. - Q4/2023. BTC rises and we all think there is no money flow, no money volume to increase... it will decrease again. - Q1/2024: BTC rises, altcoins have waves, everyone is shouting uptrend soon, fomo... bookmakers are free to list high prices, valuing projects in the billions of dollars and then dumping on us. - Q2: Everyone says BTC has peaked and will downtrend from here 😄, some still believe BTC won't drop sharply.. - From Q3 until now, BTC hasn't decreased and only has wide SW fluctuations, but altcoins have decreased, everyone is shouting that this season has no altcoin season, altcoins are trash, are crap... forgetting that in Q1 we bought at high prices so now we're taking a loss. The 2017-2021 season valued projects at only a few tens of millions of dollars, this season projects are valued in billions, bookmakers don't need to spend money to pump, they just list and dump to already have huge profits. Now surely the bookmakers are on vacation in DUBAI and laughing at our complaints. ->>> The accounts are also in the red, but we can see that our mindset is completely following the short-term price path while the price is driven by the bookmakers. They have accomplished the hardest thing: making others think the way they want them to, so they deserve to be billionaires, right? Now what we can do is hold tightly to what we have; nothing can increase or decrease forever, right?
#swap converts from this token to that token on Binance with a fee of 0. free...? but trying to reverse the conversion reveals the fee is 0 tokens but the value difference at one point when reversing is quite high. 4000k $ lost 80$ in fees always.
Liquidity from retail sales is still not much. The evidence is that the price has pushed from 65k to 72k currently today, but when the market makers take a break, the entire market stands still, and there is no strong selling pressure in this resistance zone. Therefore, the heavily sold area or strong resistance is just a trick of the market makers who buy and then sell to create a charting area to lead traders to the psychological level they want. Next, we will watch the market's psychological reaction to continue directing the price, and how the price will proceed favorably for the market makers is something only they know. In summary: do not anchor your psychology to a price level and react too quickly at that price. Stay calm, wait for the price to move, observe, and prepare specific scenarios. Anchoring your psychology to a price range and acting hastily can lead to significant losses. Remember, most money is lost in the market when prices rise.
-Many Western, Chinese, and local brothers are waiting for a trend like this. I think it won't come soon and won't be as strong as that. *** Reason: - The price of BTC has not yet strongly broken through the old ATH for Bitcoin investors to feel satisfied with their profits and start seeking higher returns from Altcoins before cashing out. - The momentum driving prices this season is 50% coming from ETF funds, large organizations ... buying Bitcoin over-the-counter, the current price of BTC is over 60k but the trading volume is only the same as when BTC was at 20k in the previous season. This flow of money will not easily move from BTC to Altcoins or can be said will not flow to Altcoins like the money from investors and venture funds like Wintermute, Dragon, or Jump... ->>> Therefore, for BTC to run like it did in the previous 2 seasons, BTC must not only strongly break through the old ATH to reach 90-100k but also need to have high volume on the exchanges. We need a large amount of money trading BTC directly on the exchanges so that when needed, that money is ready to flow into Altcoins. Only then can a big Altcoin season take place.
$SLF This scam project, whenever there is buying power, it will immediately sell off. The devs are fucking greedy. The selling time will always be in the 4-hour candle. It won't go up much because someone else will sell it.
$SLF The strategy of this token manipulation group is to sell. When BTC is about to drop sharply, they will push the price up in 1-2 candles so that when BTC drops, it will not be dumped too deeply. This lesson has been learned 😃
$SLF is not a defamation but a sale to collect money from the dev team. After changing the name, they did not push the price up to gain reputation but sold it off, meaning the dev team did not want to commit to developing the project but simply changed it to continue selling and will abandon this project. Be careful when trading.
#writetoearn #SLF just posted a bad article about it, it did it right away as the affirmation: (I'm a scammer and a manipulator, what can you do to me 😄). Push really fast then dump really fast with the purpose of shorting to continue selling without any obstacles. Repeated many times. A blatant manipulation and a tolerance from the floor.
#writetoearn #Altcoins👀🚀 SLF changed its name from Front and increased the total supply by 200m. The price has been decreasing continuously since that day. Cap is 28M. At first glance, it seems like a lottery ticket, but looking at the small candle, it's a terrible sell-off. In other words, the dev team is incredibly greedy. Whenever there is buying pressure to catch the bottom, there will definitely be a red candle that sells deeper than the increase. Print hundreds of millions more tokens to sell. Regarding this issue, it seems that Binance manages quite badly. Or they also make a lot of money so they let many projects do this, especially the web 3 segment.
#RDNT hacked information 50M. while the project is worth 70M. What a farce and disaster of RDNT. After this disaster, TVL will probably be 30M. I have warned many times that this project has problems. From not answering my questions to blocking, changing the route, increasing the supply, demanding early unlocking, being hacked twice.... too many things to show that this is an unstable project, not wanting to evaluate it as a scam. Some of you say this is a fud to lower the price and then pump strongly. In my opinion, whether it was really hacked, or the team hacked themselves for the purpose of dumping goods or something, it still proves that it is unstable. If it was hacked, it is too weak because it was hacked twice. If it was hacked itself to fud and dump goods, this team is too stupid and greedy. #Write2Win . good luck with your money
BTC is still growing and recovering well, Altcoins as usual have not increased much, especially after yesterday's long short kill, almost only BTC and some Altcoins have recovered. This scenario shows us that the increasing force of BTC still comes from funds and organizations, so there is no cash flow circulating through Altcoins. BTC's driving force must always come from investors trading directly on the exchanges, then there will be cash flows from BTC to Altcoins. Therefore, it is very likely that there will be another correction period of BTC, although it will not be too deep because the support force for BTC prices this season is quite good and in essence, MMs do not dare to dump too deep for fear of losing BTC to whales and emerging organizations. But Altcoins will not be so lucky. It is very likely that Altcoins will retest the bottom, even some will have new bottoms, so that the pain and frustration must reach the maximum before officially growing.
#writetoearn last night was a busy night for traders, tired of short players who were stuffing orders. ***what about holders? I'm sure some are happy, some are impatient and some even curse this or that guy who won't increase 😅. If you have lived here long enough, you will see that there is nothing strange. Every season is like that, some increase first, some increase later, some don't increase forever, when btc corrects the wave, there is a bottom. It's normal at the bottom of the wave. Last season Sol was an example, the market ran for a while then corrected Sol to have a new bottom even though Sol at that time was as famous as ARB or WLD now with an all-star Dev Team and strong support from FTX, you can review the Sol price history. This market is like that. Some run first, some run later, even some run when the market is at rest and corrects. If you guys have held, you have chosen a satisfactory project and look at the long term, it will be ok. As for the bosses who when buying, shout and see that the project is good, after a few months of MM, they drop and suppress to collect, then turn around and become dissatisfied and curse that it is trash, then bear it. As for the real trash projects, but because of FMO, they rush into the market, I won't say anything. Remember why we are holding that token, you will find more motivation.