These kind of pumps, with no catalyst, just random pump from oversold conditions, are very risky…like there is nothing to price in, it’s a game of musical chairs, whoever is sitting at the end, is screwed.
Yet I see social media, shilling this, like it’s some new crazy token with insane value. Narrative is, it’s going to 1 dollar…which is very unlikely. This repeats every day, and everyone with some knowledge knows, this is garbage…this pump is just to clear the late shorts!
Why people fall prey to this? It baffles me, like most alt coins are garbage and go to 0, people know and they chase this, when nothing has changed making this token worth 70% more…
submitted by /u/Bazaruta [link] [comments]
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