A lot of people are still asking me if $H will recover.
Honestly, I don’t think people realize how much damage has already been done here.
Yes, $H bounced from around $0.06 to almost $0.58 and gave nearly a 9x move from the lows. But that doesn’t automatically mean everything is fine again.
What makes me uncomfortable is the whole story around the hack. We were told the Alpha contract got hacked, but somehow $H still pumped hundreds of percent afterward. Maybe I’m missing something, but that doesn’t look normal to me.
Right now funding is getting crazy, people are getting bullish again, and I’m seeing more and more traders calling for another big pump.
Personally, I’m not buying that story.
Maybe the team recovers. Maybe they don’t.
But if you ask me, I think there’s a much better chance of seeing $0.10 again than seeing new highs anytime soon.
Just my opinion.