If you're still chasing 40 percent overnight pumps on coins that have been dead for years, stop now.
You've watched this movie too many times. An old name rips, you FOMO in, and by the time the volume-to-market-cap ratio hits 50 percent plus, you're already the exit liquidity.
$DASH just hit $72.28 after a 43.99 percent move in 24 hours, printing $526.9 million in volume on a $927 million market cap. That 56.86 percent volume-to-mcap number is the same setup we saw when
$LTC and other OG coins woke up, ripped, then spent weeks giving it all back. Circulating supply sits at 12.82 million against an 18.9 million max, and it's sitting at rank 60 like it never left.
Privacy coins and masternode projects have their moments, but this kind of volume on a sub-billion name usually means one of two things. Either real money is rotating in, or the round trip is already priced in. We've seen
$XMR do similar volume spikes that looked convincing until they weren't.
Where do you think this goes from here?
#Dash #Altcoins #PrivacyCoins