Let's take a brief review of the recent situation in the altcoin games.
First, let's talk about the small market cap coins that are still in a simple mode.
- $SAPIEN 0.13 -> 0.11 -> 0.2 can be considered a roller coaster; the core logic lies in "the only robotics track coin on Binance." When its highlights are very prominent, the meme characteristics become very strong. That day, a single comment from Trump was enough for it to take off, then it went on Bithumb, sold off but still made a profit.
- $WET The core is that there is a lot of FUD, but with a low market cap, I personally judge the project's strength to be quite strong. Plus, it is the first to launch on Jup DTF, so the buffs are stacked. The recent projects on the Coinbase roadmap have been quite impressive.
- $RAVE Bought too little and sold off too much; under this effect, the upcoming alpha new coins may become a bit crowded, and I will be cautious.
Now let's talk about the news trading of large market cap altcoins in difficult mode.
The most uncomfortable one is actually $SEI. I jumped in based on the spirit of initially believing in what was good. To be honest, the first time I saw this good news, I thought it was pretty impressive. Regardless, Xiaomi is quite reputable in China, so my first reaction upon seeing that SEI could actually work with Xiaomi felt really impressive.
I didn't expect that later @Sea_Bitcoin said it was fake news. After discussing with Brother Lion, it seems SEI might have been deceived... SEI has always been a compliant project in the U.S., and previously @0xYond also worked there, understanding their internal situation. Theoretically, rumors and price manipulation shouldn't occur, but this time they lacked web2 experience...
The words of the market leader @thecryptoskanda inspired me: young people won’t buy SEI; they are more likely to buy Xiaomi and the small market cap meme PVP.
Currently, the altcoin market is just 1,000 disbelieving old investors in PVP, and the cost-effectiveness of participating in large market cap altcoins is very low. It's better to be honest. 🙏
Overall, the strategy remains to risk small for big gains, and I haven't touched BTC/ETH much in the past two days; less action during garbage time is still a profit.