$IRYS
Although IRYS has recently shown a sharp increase in price, many analysts believe it may face a downward trend soon. First, IRYS is still a relatively new token, and its price movement is driven mostly by hype and speculation. When a token rises too quickly, it often triggers a large sell-off, causing the price to drop again.
Second, upcoming token unlocks, airdrops, and new exchange listings may temporarily push the price up, but once these events are over, a large amount of tokens will enter the market. This increases supply, and when supply rises without equal demand, the price usually declines.
Third, IRYS still lacks strong long-term fundamentals such as a proven roadmap, real-world utility, and stable adoption. If growth slows or investors lose confidence, many early buyers may take profit and exit, leading to further downward pressure.
Therefore, even though IRYS appears strong today, the chances of high volatility and a future downtrend are significant. Investors should be cautious and avoid entering based solely on short-term price spikes.