Market volatility is coming: Crypto holding strategy
1. Key dates and market volatility
The market expects the Federal Reserve to announce a rate cut at its meeting on November 8, while the announcement of the results of the US presidential election on November 6 will increase market uncertainty. These events may trigger sharp fluctuations in the cryptocurrency market.
2. Retail investor psychology and market reaction
During market volatility, many retail investors may sell long-held cryptocurrencies out of panic. But now is the final proving ground for cryptocurrencies, and the real bull market often appears in volatility.
3. Hold rather than sell
Investors are advised to remain calm during volatility and not sell potential cryptocurrencies due to short-term market fluctuations. Observe market performance to judge the true arrival of the bull market.
4. Pay attention to potential currencies: PHRYGES
On the Solana chain, PHRYGES is a project with high potential:
Widely reported: Frequently reported by media such as Binance News and Golden Finance.
Low market value, high potential: The current market value is about 2 million, and it is expected to rise sharply.
Olympic effect: It is expected that FOMO will be triggered during the Olympics due to its name and mascot association.
5. PHRYGES Details
On-chain platform:
Solana contract address: 5R2wQvZrfw7fTQhQzsaKht92wz4Tv1mE58LTVpgkTHwS
The market is about to be volatile, but it is a wise strategy to keep holding cryptocurrencies with potential. Especially potential currencies like PHRYGES are worth paying attention to and investing in. Stay calm, pay close attention to market trends, and seize the right investment opportunities, which may reap rich rewards.