Altcoin Season? I bought a bundle of Binance Alpha VC coins!
The reasons are as follows:
1. Low Market Cap
Most VC coins have a very low market cap, with circulating market caps around 10 to 20 million.
If this were a year ago, this price would definitely not exist.
2. General Airdrop and Counter-Play
These VC coins, in order to get listed on Binance Alpha, have given away many tokens in airdrops to retail investors.
These tokens were originally distributed to those who farmed them, but if you pay attention, most projects are counter-playing.
After retail investors receive the tokens from Binance Alpha, they generally sell them immediately,
so the tokens are currently relatively concentrated.
3. Market Recovery, Altcoins Warming Up
Currently, Bitcoin has strongly broken through 100k; if these altcoins can really control the market strongly, they will definitely look for opportunities to surge, thus aiming for a chance to list on Binance contracts/spot trading.
I don't care anymore, I have already bought in bulk, if you don't agree, let's go!
0 people tipped the creator.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.