The Altcoin season index last weekend just hit the 100 mark thanks to the strong growth of Perpdex tokens and the $BNB network token - After that, it sharply corrected down to the 67 range today!
There is a possibility that there will be a fairly long correction coming up!
For now, focus on top-tier projects, strong backers, strong revenue, and many users but haven't seen significant growth - limit buying dips on speculative tokens that have already surged!
For example, $SPK has dropped 4 times from its peak after the pump.
The altcoin season index is peaking, and the altcoins are really strange!
Most altcoins are now priced lower than when this index first started to rise 😂
In this season, believing in the dream of altcoins skyrocketing is just asking to get wrecked!
For now, I will only hold $SOL $WLD and a few other strong cultural memecoins.
I won't jump on $PUMP yet, because my VN friends are hyping $PUMP as a really good technology, and when they start trash-talking Alon like a ripped dog, then I'll buy kkk.
25.07K
63
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.