The recent decline in the price of Solayer (LAYER) can be attributed to several key factors:
1- Post-Airdrop Selling Pressure: Following the Genesis airdrop, many recipients sold their tokens,
2- Market-Wide Downturn: The broader cryptocurrency market has experienced a downturn, with sectors like Layer 1, DeFi, and Layer 2 witnessing declines exceeding 9%.
3- Negative Funding Rates: On Binance, the perpetual contract for LAYER has a negative funding rate of -2%, indicating a bearish sentiment among traders.
These factors combined have contributed to the current downward trend in LAYER's price.
I wanted to introduce myself a little bit before sharing my thoughts ,
I've been in and out from the crypto market since 2017 , I have observed a lot and loss a lot , but always it's the same cycle of people , Some people be sharing the coin that they want badly to pump and tell everyone to enter while it doesn't go well for them just because of selfishness , others share trades and analysis and they don't know a damn about candles
In conclusion , just wanted to advice to everyone to not follow anyone who doesn't have enough experience or works as selfish as he is , and always make your own research before entering any coin so you don't blame others for your losses .
Stay safe and may you all get wealthy from crypto . #crypto
Bitcoin holds firm above $92K as bullish momentum continues, while #Altcoins & #Ethereum tokens thrive. Could $BTC face a slight consolidation before breaking $94K resistance? #BinanceAlphaAlert #BTCvsMarkets #MarketPullback
While Bitcoin is on a surge and pushing towards the 100k , it's overcoming many Massive companies in Market Cap such as Amazon , while the alts are on standby yet waiting for consolidation
The price of Trump has surged yesterday as we saw by some news who needs more credibility , myself í won't get into this because it's too risky already
$ETH Well , can't tell much about it since it's Bitcoin's best buddy , they move along together so we are still high hoped about this and may the market stay in bullish style for at least a month
EVERYTHING is bullish today because of Bitcoin , be careful from the pullback also and Don't get extra excited to enter in trades that are already pumping , be smart investor not a fast investor 😉
EVERYTHING is bullish today because of Bitcoin , be careful from the pullback also and Don't get extra excited to enter in trades that are already pumping , be smart investor not a fast investor 😉