Many of the 100x coins in the last bull market were pledged. Why are pledged coins more likely to be 100x coins? When project owners and institutions want to raise prices, what will they do? What kind of environment is easy to increase the price?
The first step: first the coin price plummets, washes out the coins in the hands of retail investors, and then buys them at a lower price, completely controlling the rise and fall of the coin price. This is why junk coins can easily increase by a hundred times.
The second step: strategic transformation, the launch of version 2.0, began to engage in staking, deceiving those who had not yet been cleaned off the train to get on board, so that the coins in their hands would not circulate in a short period of time, and locked up for 30, 60, or 90 days. After a wave of operations, there was very little circulation on the exchange.
The third step: After Bitcoin was halved, it slowly started to increase its price by spending small amounts of money. The pace of the increase was similar to that of Bitcoin, or even worse than that of Bitcoin. When Bitcoin pulled back, it fell faster than anyone else. Some of those who had pledged their money on the bus couldn’t stand it and got off.
Step 4: The project organization thinks it’s almost done and wants to make a real move. The coin price doubles in a few days, then immediately plummets by 50%. A few days later, it starts to rise wildly, and it goes back and forth continuously. Before you know it, it has risen a hundred times.
Step 5: After repeated price increases, the newly-initiated retail investors have made a lot of money and feel that the price will continue to rise, so the project organizations start to sell their products sideways. At this time, Ethereum is still rising, and retail investors are not in a hurry to get off the market. So the project organizations secretly distribute the products in their hands to retail investors.
Therefore, I particularly like pledged coins, and I also like pledged coins with more than 0.0. They have low unit prices and strong explosive power in the later stage. I prefer junk coins with unit prices close to institutional prices. However, the amount of funds will not exceed 20% of the total funds. I have another route to layout new leaders, and another route is to do old high-quality coins. I will see if I can get a hundredfold return on this wave of old coins.
It is important to grasp the rhythm on the road to the bull market and to know when to change positions. Please remember to follow me. I hope that everyone who is destined to do so can achieve financial freedom as soon as possible.$ETH $BTC $BNB