Apparently, the altcoins will remain in the basement for the rest of the year. For those who are not betting, the goal is to accumulate, rotating money among altcoins with solid narratives that have survived at least three years. Right now, no altcoin is safe from a sudden drop. After seeing Ethereum plummet below 1500 $, anything can happen, and new coins behave like shooting stars. Berachain is heading to be worth cents. I'm not saying it will happen tomorrow; it will take some time. It will rise only to fall lower and lower, just like Eigen, which went from above 3 dollars to worth 70 cents. And of course, it recovered half of its 2024 price, but it struggles not to lose the one-dollar price point. Coins like VANA seem to have a respectable price, but those of us who know it are aware that it went from 34 $ to barely 4 dollars with some cents as of today.
We see a policy of decapitation of the capital of projects. Amid the global convulsion of the economy, politics, and war, the main holders of capital in altcoins have opted to extract liquidity from their coins and put it into Bitcoin. Anyone who doubts this really does not live in reality: just look at how SONIC anticipated the fall of the so-called "12-day war" by making several historical lows in 24 hours. Obviously, their capital went to seek refuge in liquid money to then buy Bitcoin back at a price 10% higher.
We are living in a moment of disbelief regarding altcoins, generated by the memetization of the market: a kind of normalization of exchanges as betting houses, where the narrative of coins like Arweave does not matter to investors. Undoubtedly, the decline of the crypto world will only end when Donald Trump finishes his term. Meanwhile, the worthless influencers keep selling smoke and are increasingly less accurate in their predictions pulled from randomness. Today XRP threw, through these scammers, the story that their coins would run out. At least the reaction of many who saw and heard that was brutal, formally denouncing that attempt at manipulation to the YouTube platform.
Coins will continue to fluctuate and have brief rises. The erratic behavior of Donald Trump postpones an altcoin season, unless he himself promotes it. Although after losing all credibility, I highly doubt that the markets will respond with words; they will do so with concrete actions like bombings and wars. For now, the orange 🦧 orangutan of the White House, already in the twilight of his days, aspires to the Nobel Peace Prize as if this were the tablet missing from the tomb that will hold his remains once his physical life ends.
To those who use the market to protect their money from an increasingly marked devaluation, especially of the dollar: as soon as the market allows them to at least reach the break-even point where they neither lose nor gain from the initial investment, migrate to Bitcoin and sleep peacefully. If someone had bought one thousand dollars of Bitcoin yesterday, they would have made about 100 $. Not bad, and above all, a secure profit, against the terror of an altcoin going bankrupt, like in the case of Mantra just to cite one example.
Many write when they see coins crashing, like DEXE, which went from 19 dollars to much less than half. What will be the next Mantra? And they are right to be concerned. The uncertainty that is the cancer of the markets has the owners of capital in coins like DEXE very uneasy. And they think a bit like us: notice that 97% of DEXE's capital is in a couple of whales, maybe another bunch in a quintet. Seeing what was coming (the war), they took what belongs to them by law: their capital. How much? More than half. If I remember correctly, from 1.2 billion to 700 million dollars. Right now, I don't know where it stands. If the Middle East continues to burn and war breaks out in the Indo-Pacific with the Chinese, many coins like DEXE will drop to cents. And I may seem pessimistic, but keep an eye on projects like TIA, holy God! Celestia remains in the top 100 and is heading to be worth cents. And of course, it could be inflated by the whales in a brutal way, and of course, it could recover to 3 $, but the current scenario does not support that happening.
They can surprise and make a lot of money, but is the risk worth it? That's a decision for each person.
In the case of Radium, we see that it never managed to leave the observation period. It is so reluctant to come out of manipulation and induced rises and falls that the little guy from Binance does not trust RAY. And of course, it can have a rise like last week and generate profits, but each person manages that risk. It's a dangerous bet. And so on with each coin, including new ones like INIT, which made from 59 cents an ascent to a dollar with 70 cents if I remember correctly just about 40 days ago. It seems it has run out of ⛽ fuel that new projects bring. Those who took advantage of that potential of a new coin 🪙 that allows for two or three rises... it's so predictable. Maybe they'll allow it a new push to a new all-time high of Bitcoin. But who dares? The brave.
And when I talk about all this, I refer to those who, being small, may be tempted to put five or ten thousand dollars into such crypto specimens. You can already imagine: if buying at 56 cents, INIT crashes to 30 cents 🙈 as often happens with newly listed coins or maybe rises to 90 dollars. But again the question arises: who dares? Those who are not afraid of losing money because they have plenty and enjoy the dopamine of gambling.
Notice that the observed coins have been performing better, which can be explained by fewer people getting into them and capital being distributed among a few hands, causing prices to rise. But for how long? You see what happened with Alpaca 🦙: they inflated it to make a fortune betting on its fall, and the little guy caught them and ended their 🎉 party.
Before the year ends, several more coins will be delisted and many other new coins added, like Neutron and Sahara. Welcome to the new era 🎰 casino.
For now, and as long as this administration manages financial cryptocurrency like a betting house, nothing is safe. Keep an eye on coins that can fall like Mantra. I published a very detailed article on the signs that indicate which coin is going to crash. Thanks to that, I was able to anticipate the collapse of Prometeus. Learn from the mistakes of others.
I suffered a lot and studied a lot to avoid losing or to lose little. How nice it is to buy on the dips and see your money multiply. And that is a real possibility for everyone. Bitcoin is at 107 thousand dollars. If it drops to 98 thousand dollars again, the altcoins will crash. And if you don't have liquidity because your liquidity fell with them... I'm sorry for you. But you're in the wrong place. Invest in hot dogs or Christmas decorations, but get out of here before you lose everything.
A big hug 🫂, and I hope my words are helpful to you.
Giorgio Sferraza
Bachelor in Business Administration
