#MIRA may experience periods where optimism fuels its upward momentum, only to experience sharp corrections as short-term players take profits. This self-reinforcing process is typical in digital currencies, where prices rising naturally attract more interest, which in turn increases participation and subsequently prices. This process can repeat several times during a given macro trend.
While volatility may be viewed as a weakness in some assets, it is an integral part of the process for new cryptocurrencies. When looking at the case of #MIRA, recognizing that expansion and contraction are two sides of the same coin can help set proper expectations. Powerful moves and sharp corrections are typical in assets with concentrated supplies, shifting beliefs, and shifting market sentiment.
The path of #MIRA will depend on its level of engagement, liquidity, and the overall state of the crypto market. Those who recognize its volatile nature are more likely to successfully ride its explosive moves as well as its inevitable corrections.
