You have a good coin and potential. But honestly I'm not sure about the Manta and Pixel. I see they have a small circulating supply compared to the maximum supply. This means that if they release coins that have not been supplied into the supply circulation of course it will affect the price and will cause a correction. I identify coins that will have a bull run by looking at what narratives are being hyped at the moment. And I think currently the AI and Defi narratives are the 2 most popular and that will affect the price of coins that have a relationship with those two narratives.
As much as I'd like to agree, I beg to differ. The token dumps that came with unlocking VC tokens were a bearish signal in the bear market. In the current bull market, having an upcoming unlock is enough fundamentals to prop up the price in order for VCs to get out at a good price. For example:
- SUI - traded around $0.3-$0 5 but when an upcoming VC unlock was announced that would increase the circulating supply, the price has risen at over 200% and the current market price is $1.7. The current marketcap is even higher at $2B, it was < $500m in September 2023.
- SEI: Same story as Sui above but this one was from a price of $0.08 to around $0.8. That's about a 10x or more.
Injective protocol, and many others. These days, if an upcoming unlock is announced, I'm buying because I'm sure that VCs want price to be higher every single time and they can very much do so in a bull run using the herd mentality.