A2Z Renaming, IDEX Pumping, Brother Yao Reminds: These Soaring Coins Shouldn't Be Nostalgic!
The previous discussion has already answered whether the coin at the top of the rise list can be held, now let's talk about the second and third on the rise list: $A2Z $IDEX
#A2Z : This is the predecessor of LOKA, which just went online not long ago on July 30. The reason for the renaming is actually due to the continuous decline in the popularity of the predecessor LOKA, which is not conducive for the project party to hype it, resulting in low liquidity and low market attention. The renaming is to take advantage of the hype and attention of the new coin launch, better achieving the project’s purpose and attracting retail investors' attention.
Therefore, Brother Yao suggests not to hold it, as the launch of new coins comes with a lot of airdrops and pressure from new shares, and the short-term attention in the chain game market is not very high.
#IDEX : This is a hybrid decentralized exchange project, but it has relatively low heat and user usage in the entire market, with a market capitalization of 31 million. Such small market cap coins are more prone to being controlled by the project party or market makers, with price fluctuations often dominated by a few capital players.
The main reason for the explosive rise is that it was listed by Binance as an observation list. To avoid being delisted by Binance, the project party actively raised the price to take the opportunity to sell.
Therefore, Brother Yao still recommends not to hold it, as this type of coin will definitely crash once it is delisted by Binance.
Brother Yao will also continue to pay attention to valuable new coins to guide fans to ambush in advance!!!
