$btc has returned to 108,000, but market sentiment is still average. Some altcoins have seen slight rebounds, but the extent is really small; apart from $uni, none of the others have even returned to break-even.
The one that cz interacted with on Bnbchain has a name too complicated to type out. It surged to 1.8m and then came down, aligning with the expectation of pure interaction without follow-up, which is between 1.5-2m. Looking at the trend and trading volume, it doesn’t seem like it’s being accumulated. If there isn’t continuous support, it’s unlikely there will be further developments.
A few days ago, I bought some $uptop around 0.032. After a few days of waiting, I finally broke even. The logic behind the purchase was simple; it was a bet that the project team had a solid demand to perform well. After all, there are still 1 million u that hasn’t been added, and about 20% is in circulation, so the market cap isn’t too high. I hope it will push up a bit more so I can make some money.
There’s a new thing with mining that a lot of people are playing, but I haven’t tried it. It’s the realm of studios, not mine. Having one computer running it doesn’t make much sense.