Ready to ride the blockchain rollercoaster and turn those zeros into ones? Time to HODL on tight and let’s moonwalk our way to those digital treasures with some interesting ideas we’ve collected.
To start with, here are two theses that will save you a lot of $$$ and nerve, as well as help you understand the psychology of the shitcoins market.
Let’s see how these mechanics work in real life in today’s examples.
Today another BLUR’s unlock started. 49 million unlocked BLURs ($13.25 million) were immediately transferred to Coinbase for sale. A very typical chart with Blur plummeting 15% at the moment:
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53 million ARBs were transferred today from a multi-subscription address labeled “Arbitrum: ARB Vesting” to 151 vesting contracts. This is probably in preparation for the first ARB unlock. Which immediately triggered an avalanche of selling by a nervous public:
From thesis 1 and 2, it is easy to predict any behavior of shitcoin quotes: people mostly do not try to keep them, but on the contrary, at the first opportunity, they immediately get rid of this digital trash. So any massive unlock is equivalent to a natural disaster in such a small market. You need to be aware of this specificity and risks if you suddenly decide to tie your fate to any altcoin from the secondary league.
In this fragile “No HODL” market, the speed of turnover decides everything — buy first before the pump and sell first before the rapid collapse. It’s a market of crypto cowboys that compete in speed shooting.
In the current market situation, RNDR is testing the resistance level on a daily timeframe. Resistance levels are historical price levels where selling interest has previously occurred, potentially preventing further upside. Plancton’s analysis has shown that after the current test of the daily resistance level, further downward movement of the token is expected (which is happening at the time of writing).
Next target is $1.4.
*Any technical analysis, in the long run, cannot accurately predict the movement because now is a very tough market and the news can swing currencies in all directions.
Mint.fun is an NFT platform where you can mint, purchase, and even accept offers for any existing collections on the ERC-20 network, thus bringing them to the top and promoting them among other users, like Zora (you can do 2in1), a useful topic for beginning authors.
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