Trading Altcoin Hype Cycles [A Deep Dive]

Written by rektcapital | Published 2020/06/17
Tech Story Tags: cryptocurrency | cryptocurrency-investment | crypto | altcoin | altcoins | altcoin-season | trading-altcoins | hackernoon-top-story

TLDR An announcement of a new project could have a big impact on the value of an Altcoin project. Hype is the result of an announcement or a block release that could be a big deal. Buyers are often early to the party and accumulate in anticipation of a big increase in the price of the coin. This is when the “buy the news” has reached its peak and the market begins to falter because of the ‘hype’ and ‘fear of missing out’.via the TL;DR App

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Written by rektcapital | Cryptocurrency trader. Author of the Rekt Capital Newsletter
Published by HackerNoon on 2020/06/17