Post
Topic
Board Altcoin Discussion
Re: Is this true?
by
hashrateproducts
on 23/04/2022, 04:02:27 UTC
Altcoins that are released in the bear market have a high chance of bringing good returns than those that have already surged high in a bull market, this is what a friend told me this morning, do you think this is true? He used Vulcan forged as an example

Yes. The coin is new and bearish, there is a high probability that the coin price will experience a high bull run during a bear market. But not all coins experience this, so we don't make the wrong choice in buying it.
Alt coins launched during a bear market have high chance of pumping in the future. Although they dip when they are first launch because some traders would be scared to invest in the project, therefore making the accumulation of the coin to be scarce, thereby reducing the market cap of the coin. Perhaps they pumped back when lots of traders have confirmed the roadmap of the coin and know that it the project will pumped in the nearest future. Let's say, when there's high demand of the coin, it pumps in value and price, then when there high supply of the coin, it dipped. It's just a simple basis everyone in the Crypto space are urged to know.