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Rave has been aggressively fleecing investors these past few days, with its price surging over 260% in 24 hours, pushing its market capitalization to around $2.5 billion. I missed an opportunity to get on board last year.
The typical pattern for wildly successful cryptocurrencies in a bear market is: Project team accumulates tokens at low prices → Market makers pump and dump, leveraging to create FOMO (Fear of Missing Out) → Retail investors are liquidated.
Generally, the more aggressive the surge, the more severe the subsequent pullback, especially with the added pressure of token unlocking.
The RaveDAO team is relatively anonymous (only one publicly identified operations manager, rumored to be from Bella Protocol; the owners are FelixXu and Yemu, but this is questionable). There have been real offline events, but the token's low circulation and high control are clearly speculative. At this point, neither long nor short positions are recommended.
Historically, the stronger the FOMO among retail investors, the more likely the price will fall; if no one is buying, it will continue to rise until you can't resist.
Let's just continue watching the show.

Why didn't you call out to me?
Your ability is sufficient.
Stop cursing the teacher! 🤣
Haha, I'm serious.
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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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