Is ZEC crazy? Will it rise again? What to do if you're stuck? Let's discuss the current operations.
Let's talk about why it has recently surged. The recent increase in ZEC is attributed to the promotion by North American influencer Ansem, along with support from Hayes, causing ZEC to spike in the bear market due to a surge of excitement. This may not last long. The nature of this coin is still somewhat known; as shown in the chart, in the previous 7 surges, each rise was significant, but once it peaked, it fell back down to where it started.
A coin cannot rise indefinitely, especially ZEC which surged 20 times in a very short period, reaching a total market value of 12 billion. Excluding stablecoins, it has entered the top 10 in the crypto space, which cannot be considered an overvaluation for an old coin with no ecosystem; that is madness. After the hype dies down, retail investors who chased the highs may never be able to break even.
Is ZEC crazy? Will it rise again? What to do if you're stuck? Let's discuss the current operations.
Let's talk about why it has recently surged. The recent increase in ZEC is attributed to the promotion by North American influencer Ansem, along with support from Hayes, causing ZEC to spike in the bear market due to a surge of excitement. This may not last long. The nature of this coin is still somewhat known; as shown in the chart, in the previous 7 surges, each rise was significant, but once it peaked, it fell back down to where it started.
A coin cannot rise indefinitely, especially ZEC which surged 20 times in a very short period, reaching a total market value of 12 billion. Excluding stablecoins, it has entered the top 10 in the crypto space, which cannot be considered an overvaluation for an old coin with no ecosystem; that is madness. After the hype dies down, retail investors who chased the highs may never be able to break even.
Can Dogecoin rise another 30%?! Where to take profits? Let's take a look.
As shown in the figure, Doge is now starting to rise from the lower edge of the trendline at 0.22. Theoretically, it will rise to around 0.32, which means there is still a 20%-30% potential left, and the probability is quite high. However, Bitcoin is approaching the 120,000 mark, and Doge has also risen by over 20%. A pullback later is quite normal. Those who haven't boarded can wait for a larger pullback to get in. As for our regular viewers, I believe most of you have already boarded, as we mentioned multiple times before at 0.22-0.23 that it was a good time to buy the dip, which wasn't difficult. Overall, the trend of Dogecoin looks relatively normal, moving around the trendline. We exited at 0.3 before the interest rate cut in mid-September, then re-entered at the support level of 0.22, and finally expect to exit near the lower edge of the trendline at 0.3 in mid to late October. Wishing everyone a smooth journey!
Is it the Sheraton over at the Second Hospital? It's very close to me. Is there a Xuzhou group?
重生之当徐州首富
--
Most people in the Xuzhou Bitcoin community have cleared out their holdings. Investment is about patience; buy coins in a bear market and sell coins in a bull market. However, most people prefer to buy coins in a bull market and sell coins in a bear market. A sudden drop of 10 times causes the coins in hand to be sold immediately.