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#layer The recent decline in the price of Solayer (LAYER) can be attributed to several key factors: 1- Post-Airdrop Selling Pressure: Following the Genesis airdrop, many recipients sold their tokens, 2- Market-Wide Downturn: The broader cryptocurrency market has experienced a downturn, with sectors like Layer 1, DeFi, and Layer 2 witnessing declines exceeding 9%. 3- Negative Funding Rates: On Binance, the perpetual contract for LAYER has a negative funding rate of -2%, indicating a bearish sentiment among traders. These factors combined have contributed to the current downward trend in LAYER's price.
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HELLO everyone I wanted to introduce myself a little bit before sharing my thoughts , I've been in and out from the crypto market since 2017 , I have observed a lot and loss a lot , but always it's the same cycle of people , Some people be sharing the coin that they want badly to pump and tell everyone to enter while it doesn't go well for them just because of selfishness , others share trades and analysis and they don't know a damn about candles In conclusion , just wanted to advice to everyone to not follow anyone who doesn't have enough experience or works as selfish as he is , and always make your own research before entering any coin so you don't blame others for your losses . Stay safe and may you all get wealthy from crypto . #crypto
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