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Here's something disheartening: a friend just told me that the altcoin season is brewing. I asked why, and he said that recently he's noticed many Altcoin experiencing epic volume spikes. Looking at the trading volume chart below the candlestick chart, it's incredibly high, but the price hasn't changed much. It's definitely because some big players are investing heavily to accumulate tokens for a big move.
Um... I mean, that trading volume is calculated in cryptocurrency terms, not USDT terms, because most altcoins have dropped several tens of times, meaning the current volume bar is essentially inflated by several tens of times. 🤣
Shanzhai Season
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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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