$ICP is also a top garbage coin under a top narrative.
This thing's logic is similar to APT, a top narrative, occasionally jumping out and then continuing to plummet.
November has been like this, with a few KOLs brought out to shout orders, then a massive sell-off.
In the end, it directly dropped to a new low.
Remember back when ICP came out and was punching ETH and kicking XRP? Now it has ended up like this.
Actually, I used to have a very good impression of ICP's fundamentals. After reading its white paper, I indeed saw a top future blockchain structure.
However, there is a lack of projects on the ICP chain, and there aren't many users. Holding such a shell can still have such a high market value, so a drop of this magnitude isn't unreasonable.
Then you ask me if I can catch the bottom? In a macro environment where there won't be a massive liquidity injection like in 2021, don't try to catch the bottom unless it's in the top ten by market cap!



