RAVE surged 29% in one day, is the spring of small coins coming?

Dear friends, RAVE has skyrocketed nearly 30% in just one day! This wave has directly reversed the downturn after its launch and is starting to surge again.

Why is it suddenly so strong? To put it simply, there are two reasons: first, it has been listed on several major exchanges, bringing in exposure and traffic; second, the hot money in the market has started to target these small-cap coins, initiating a sector rotation. The price is currently fluctuating between $0.35 and $0.42.

There are a few interesting data points: its contract open interest is quite large, indicating that many people are still playing; the number of holding addresses is also considerable, with over seven thousand. Moreover, from the liquidation data, most people are betting on the rise, believing it can go higher.

From my perspective, this is a typical combination of exchange listings and the hype around small coins. For players, these small-cap coins have high volatility, which is indeed exciting, but the risks are also high. If you're itching to play, remember a few rules: only use pocket money, don’t go heavy; set stop losses, don’t be greedy once you’ve made a profit, and take some off the table in time; absolutely don’t chase the highs, wait for a pullback before considering.

When the market is lively, various small coins may bounce around, but in the end, only a few can survive and go the long distance. Stay calm, it’s fine to watch the show, but if you really want to get involved, be cautious.

I am Hongcai, not exaggerating or bashing, accompanying you to rationally observe the crypto circle.

When market sentiment improves, it’s even more important to remain calm and not confuse expectations with facts. Be patient and ambush, wait until the trend is truly confirmed before speaking! Follow Hongcai and participate in every attack from Hongcai! Hongcai will announce the specific entry time and real-time news every day at Caishen's house! #加密市场观察