Recently, a batch of 'established altcoins' like PHA and ZEC frequently appear on the gainers list, seemingly signaling sector rotation and revival of old coins. However, upon closer observation of trading characteristics and funding logic, one will find that there are many hidden risks.
1. Common Characteristics of Established Altcoins
The project's lifecycle has passed its peak
Most of these tokens had their glory between 2017 and 2020, but as industry narratives shift to new tracks like Layer2, DePIN, and AI, they lack new application scenarios and ecological development.
General lack of liquidity
Compared to BTC, ETH, or currently popular public chains, these tokens have lower average daily trading volumes and limited market depth. This means that price fluctuations can easily be driven by a small amount of capital, but once retail investors follow in, the difficulty of buying and selling is much higher than that of mainstream coins.
The involvement of domestic project teams is obvious
In the short-term surges on the gainers list, there is often an operation logic of 'pulling up the price for profit': first, through concentrated capital to raise the price, creating market attention, then attracting retail investors to chase high, and finally gradually unloading.
2. Why is it easy to get trapped?
Liquidity trap: Low trading volume leads to difficulties in executing sell orders once one enters the market, making it easy for retail investors to get 'stuck'.
Short-term manipulation by whales: Price trends are more dependent on the inflow and outflow of whale funds rather than the project's fundamentals.
Emotional inducement: The gainers list inherently attracts traffic; retail investors see 'doubling opportunities' and are easily impulsive to enter the market, often ignoring the underlying trading volume and liquidity risks.
3. Insights for Investors
Do not be deceived by the gainers list
Short-term surges do not represent long-term value, especially for established altcoins lacking new narratives and ecological stagnation.
Pay attention to liquidity indicators
Before investing, one should pay attention to trading depth, volume, and on-chain token distribution, rather than just price fluctuations.
Distinguishing Speculation from Investment
Established altcoins are more suitable for short-term speculation, but they are difficult to carry long-term allocation value. If one lacks professional trading skills, participating rashly poses a very high risk.
📌 Conclusion:
The rise of established altcoins like PHA and ZEC is essentially a short-term game of capital and not a reflection of new industry trends. For retail investors, chasing such trends is likely to fall into the dilemma of 'buying high and unable to sell low'. Instead of blindly chasing gains, it is more important to cultivate an understanding of capital logic and liquidity to avoid becoming a victim in the unloading market.
Brothers, are you confused by the market's ups and downs? Stuck and don't know how to get out? Or even feel like your operations are going off track? Don't hold back, come to me and let's talk it out, I'll help you sort out your thoughts~
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