Bitcoin broke through $110,000, while altcoins are still at the starting line!
Why don’t altcoins explode?
I carefully looked at a lot of news, as well as the financial and technical aspects, and will share with you.
First, Wall Street's money has come in.
Wall Street is the oldest capital globally; whoever moves will cause chaos, and the financial market's ups and downs are especially evident in the market starting in 2024.
Secondly, the value of Bitcoin has been redefined.
Before 2024, Bitcoin seemed like a bubble, but with a batch of ETFs and Trump's support, Bitcoin transformed into an asset, directly upgraded to 'digital gold', gaining global attention.
Third, stable and profitable returns.
Bitcoin is the one that has steadily made money in the cryptocurrency world from start to finish, regardless of black swans or crashes; it fell to $110,000 and then stood up again, proving its reliability.
Fourth, the Bitcoin bull market is not over yet.
Didn’t buy at 50k, hesitated at 70k, and some said it only started at 100k; as a result, it rose all the way to $110,000, while altcoins are still stagnating. Many conservative investors have seen the reality and are thoroughly disappointed with altcoins.
In summary, only Bitcoin can truly be a long-term bull; other coins are just passersby, and the more you focus on altcoins, the more you lose.
Although these points do not completely explain why altcoins do not explode, they also indicate that playing with altcoins is really not easy.
If you don't have skills or understand fundamental analysis, altcoins will definitely harvest you mercilessly.
I personally think altcoins are still worth allocating.
However, one must have a certain level of professionalism. The current threshold for trading coins is very low, and as a result, many people think they can earn without studying. Coupled with many lucky examples of making money without learning, it further relaxes vigilance.
The essence of financial markets is counterintuitive; when 90% of people do not study, if you want to win, you have to go against this trend.
Spending time learning things and paying some 'tuition' is much more cost-effective than losing money in the market and paying tuition.
Of course, selecting coins is also professional; you need to know how to choose learning institutions.
If you like spot long-term investments, don't look for those who only do short-term; if you like excitement and small bets with big returns, then don't choose value long-term.
Otherwise, spending money and effort is in vain, with no return.
Trading coins is full of pitfalls, and there are traps everywhere, because the market always follows the 80/20 rule; only 20% succeed.
No one helps you bear the risks; relying on yourself to make the right decisions repeatedly and accumulating bit by bit is the only way to truly turn things around.
Today's performance sharing:
FARTCOIN's long position successfully reached the vicinity of the second target, achieving a fourfold return of over 400%!
POPCAT is also close to the target, successfully achieving a threefold return of over 300%!
ORCA has also been held for a few days and has finally started to rise, directly gaining five to six points, with a 20x contract doubling the profits! Set a stop-loss, and those with large positions can take profits in batches!
Mirai's pre-stored participation cost is around 12 million, and it has already doubled.
There are digital human projects everywhere; why did I choose Mirai?
1. Regular army background
Mirai's parent company, AWW, is Asia's first digital human company and has deep cooperation with top fashion brands like Burberry, Coach, and BAPE. The virtual influencer Imma has also appeared on the stage of the Tokyo Olympics; this is not a side hustle but a legitimate 'regular army.'
2. Clear product roadmap
Mirai has now cooperated with popular Web3 projects like Pnut and Neiro to help these projects enhance community operation and marketing efficiency, focusing on a 'real-world scenario.'
AWW has already achieved many successful cases in Web2 through Imma and various major brands, including Nvidia, and now these experiences can be smoothly extended to Web3. The product logic is viable.
The image above is of Imma appearing at the Tokyo Olympics; the image below is her shining at the relevant World Expo.
The most important aspect of a web3 project is marketing; this is a very clear product landing scenario for Mirai. The future usage scenario of the token is that various brands consume tokens to generate corresponding digital human models for various future market activities.
On May 22, according to on-chain data analyst ai_9684xtpa, a whale shorting Bitcoin at 40x on Hyperliquid reduced its position, 'cutting loss' 161.79 BTC, incurring a loss of $618,000; the current short position has dropped to a nominal value of $32.07 million. Position size: 287.63 BTC; opening price: $107,823.2; liquidation price: $112,290; current floating loss: $1.06 million.
