I’m up, good morning!
Seeing that #Mubarak #Mashallah $Palu have dropped several points from their early morning highs, let's make a market prediction for the future.
Last night before I slept, I was thinking: 🛏️ Pulling up quickly in the early morning is beneficial; if everyone wakes up in the morning, some selling pressure still needs to be consumed, unless Mubarak has strong backing to pull up five times in one night and maintain the record.
But to avoid missing out, I did not reduce my position; I placed an order at the high point and went to sleep.
After getting up and seeing the coin price drop, I did not panic. Because the entry position is still relatively low, I do not plan to execute a 50% stop loss.
The market has two voices 🔈.
1️⃣ Buy the leading coins; many sectors will have a coin that rises first and is endowed with the first ** attribute.
But the subsequent rise will not depend on whether it is a leading coin; is it hard to understand?
To put it bluntly, whether it can rise still depends on the game of funds, the competition between the willingness to pull up and the selling pressure.
Whether it can continue to rise, just regarding Mubarak, is highly correlated with the expectations of going on Binance, whether CZ’s sister calls out orders, and the anticipation of large funds taking over. From my observation, many sensitive KOLs in the market have already entered, which has also led many people to join.
Those who are observing have not yet been FOMOed in.
At the 40m position, unless Binance immediately goes on spot trading, it is likely that it will need to wash the plate for a while.
Whether the leading coin can continue to rise depends on its market cap and the overall valuation of the ecosystem, and of course, the key factor is the enthusiasm of the funds.
💡 Previously, after the heat of Ai16z in Solana's Ai Agent receded, the so-called leading position did not provide much support for the coin price. At that time, the market cap was indeed too high, reaching over 2 billion USD without going to large exchanges.
In the BSC chain, compared to the peaks of the Solana chain, it is still far behind, which also means there is a lot of room for growth.
I am optimistic about the overall market of BSC.
2️⃣ There’s another voice; I classify it as blooming in abundance, with various community MEMEs shouting that their coins are good.
In fact, in the previous BSC market, not many coins can sustain; after going on Binance's spot trading, they have remained sluggish. 714, f2b, and f3b are still competing for IP, so there are not many community coins with strong cohesion.
I believe many community coins will rise; from the perspective of CZ and He Yi, they need to develop the BSC chain to sustain their interests. Some say they want to cut a coin and run? I can't agree; being optimistic is the way to make money. If you are so pessimistic, you can indeed keep the money in your pocket, but if there’s a market, you will miss out.
In my ideal market outlook, Mubarak should not go on spot trading yet; having good news keeps the imagination alive, and the coin price steadily rises. If it goes on spot trading directly, it is difficult to escape the fate of quickly selling off and dropping after going on spot trading with $TST.
The leading coins are stable on-chain, and other community coins will bloom in abundance.
$Palu's emergence is related to Biannace's official Twitter image; not long after, many KOLs promoted it, which was somewhat influenced by the official Twitter. I feel there is a force intentionally behind this.
To be honest‼️ I still cannot smoothly write out the other two IPs from the Middle East, including CZ's pinned tweet.
CZ’s comments; someone reminded me about grammatical issues before, and CZ also responded.
And #Palu is quite a well-known IP, easy to spread; now with a market cap of 2.2M, there’s no reason not to think bigger.
