The current altcoin market shows strong speculative characteristics, which investors should approach with caution. The two most prominent crypto assets in the market have seen their open interest significantly exceed their market capitalization, a phenomenon that typically indicates potential high risk.



At the same time, some coins that seem to have good data, such as idol, actually carry a high level of risk due to their past occurrences of sharp declines. These coins can be traded, especially suitable for investors seeking significant volatility, but caution is required.

For investors who intend to participate in such high-risk markets, it is recommended to closely monitor the flow of funds. When the open interest of a certain coin begins to decline and there are signs of capital outflow, it is likely to indicate that a round of harvesting is about to come.

Overall, the altcoin market presents both opportunities and risks. Investors should remain clear-headed and conduct thorough market research and risk assessment. When participating in trading, it is essential to stay vigilant and closely monitor market trends to make informed investment decisions in a timely manner.
IDOL21.47%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
WealthFlowsInAbundantvip
ยท 09-07 03:03
Hurry up and enter a position! ๐Ÿš—
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • ็ฎ€ไฝ“ไธญๆ–‡
  • English
  • Tiแบฟng Viแป‡t
  • ็น้ซ”ไธญๆ–‡
  • Espaรฑol
  • ะ ัƒััะบะธะน
  • Franรงais (Afrique)
  • Portuguรชs (Portugal)
  • Bahasa Indonesia
  • ๆ—ฅๆœฌ่ชž
  • ุจุงู„ุนุฑุจูŠุฉ
  • ะฃะบั€ะฐั—ะฝััŒะบะฐ
  • Portuguรชs (Brasil)