Recently, several altcoins have become extremely popular in the market, but the risks behind them are huge. Everyone should stay awake at all times and not be confused by the superficial excitement.
Let’s talk about DOGE and SUI first. These two guys showed amazing resilience when the market was turbulent. Even if the overall environment was not good, they could stabilize or even rebound. But we can’t be dazzled by this "anti-fall myth" and think that they are invincible.
Next are AAVE and OM. They are also very popular in the market, but the volatility is simply terrifying. The altcoin market loves to make cyclical fluctuations. Although these currencies may make a lot of money in the short term, they will also be unambiguous when they pull back. Especially now that the altcoin season index has not clearly stated that it can be bought, we must be more cautious and don’t act rashly.
Let’s talk about XRP and COW. Although these two have not retreated much, the risks are not small at all. XRP has been plagued by regulatory issues for a long time, and COW is still a new project. Its market performance depends entirely on project progress and market hype. Neither of these two is a safe investment option, so you have to think it through before deciding.
As for currencies such as PEPE and RAY, although they have risen a bit recently, the volatility and market sentiment are simply unpredictable. Market analysts have said that the altcoin market may be reaching the bottom, but this does not mean that it will rise next, and the correction period may be coming.
So high returns are all exchanged for high risks. The market environment changes at any time, no one can say whether the project is stable or not, and regulatory policies are changing every day. These factors will have a great impact on the price of altcoins.
There are opportunities and risks in the currency circle. Staying vigilant and finding the right time is the key. I also found a short-term skyrocketing project with huge potential for doubling! If you want to keep up, click on the avatar and follow me, and share for free!
