SGC is the blockchain card game token that just launched today on the Binance Alpha platform. The corresponding Three Kingdoms-themed battle game features a dual card system and fair competition among players, with all battle data being publicly and transparently recorded on the blockchain.
Why did it drop 30% right after launch?
Yong Ge believes there are three main reasons:
1. New token has high selling pressure: SGC just launched its token on Binance Alpha today, and a large number of early investors and project parties concentrated their sell-offs after unlocking, leading to a sudden increase in selling pressure and a direct price drop.
2. Overall market sentiment is not good: Today, major cryptocurrencies like Bitcoin and Ethereum are also falling, causing panic in the entire cryptocurrency market. As a niche new coin, SGC is even more vulnerable and follows the downward trend.
3. Insufficient liquidity leads to being harvested: SGC has a small circulation and few trading pairs, which means that a small number of large orders can significantly lower the price. Yong Ge believes that the market makers are taking this opportunity to wash out positions, leading to panic selling among retail investors and further amplifying the decline. Isn't this very obvious from the chart? 😀
Today, many brothers have probably suffered losses because of this coin. Why not follow Yong Ge? Maybe there's a way to help you recover your losses. 🤔
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