Post
Topic
Board Speculation (Altcoins)
Re: Good news for APT?
by
Wiwo
on 28/01/2023, 18:07:45 UTC

Yes, aptos made a lot of noise because it rose so much when the rest of the market was falling. But that is easily explained. Most of the coins are held by a small number of people, and there is not much supply on the market. So once the holders sell their coins, the price will be the same as the rest.
We have to be weary of any coin that have a sharp pump and much noise, there are high likelihood that their will not last long in sustaining their price and market volume, this have been the characteristic of most altcoins in the market and as we can see from a few of those that have collapse in their price after pumping high in their price.
-What we should look out for from altcion as an investment is the user case of the coin and what utility service they provide in real life.
-what the liquidity of the coin is and how to have their track records of previous market behaviour.