Why altcoins aren’t going up…
I’m sure you’ve noticed that most coins aren’t going up lately, right? It’s because of this crazy thing going on in the crypto world.
Let’s break it down,
1. Binance is listing new coins way too fast. I mean, we see new coins coming to the market every other day! It’s honestly overwhelming.
2. Because of this, even the good coins aren’t getting the attention they deserve. I know it’s frustrating, but stick with me…
3. Traders are moving their investments to new coins to get quicker gains. But that makes sense, doesn’t it? New coins are more volatile, so traders feel they can make money quicker by investing in them.
4. But here’s the thing… it means they’re pulling money out of the good coins and tokens, leaving the bad ones with nothing.
Now, I’m not a financial expert, but it seems to me that if Binance slows down the pace of listing new tokens, maybe – just maybe – old tokens and coins can actually continue to grow
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