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The market has been consolidating at the bottom for over a month now, basically in an accumulation phase. Both the secondary market and on-chain activity are at cycle lows. We’ve seen a slight rebound these past couple of days, but expect a major bounce in the secondary market soon. If you’re already holding, just keep holding. If you haven’t bought in yet, consider accumulating some majors like BTC and ETH. We’re still chopping in the same range as before. On the primary market side, new tokens launching from BSC’s internal pools are pretty limited lately—just some quick pump-and-dump plays, nothing with real narrative or big backing from CZ or He Yi. No big themes yet, so patience is key. The Western New Year just passed, so let’s give some time for things to heat up. After a few months of silence, it’s usually when the market is most bearish and people are capitulating that a new narrative explodes—just need to wait it out. I’ve been watching some of the recent BSC leaders and think $PALU looks solid. It’s already listed on Binance Life and Binance Charity, and even after the negative news about the exploit, He Yi commented that this type of narrative probably won’t get much more attention going forward. So right now it’s only available on Binance Alpha, but the initial pump when $PALU launched was pretty wild—classic conspiracy pump vibes. It topped out at a $124M market cap and now it’s retraced to just over $3M. There’s still good volume and accumulation going on at these lows, and technically it looks ready for a move up. It’s not on main Binance spot yet, just Alpha, so you can compare it to plays like $BNB Holder. $PALU has both spot and perp markets, and with the current low cap, it’s a good setup for a position. 0x02e75d28a8aa2a0033b8cf866fcf0bb0e1ee4444

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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