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Why has QTUM been so strong recently? Can it still be purchased?
Let me share my own opinion:
First, cause analysis:
1. Sector Attribute: QTUM belongs to the "Hong Kong concept", and recently the overall Hong Kong sector has strengthened, which will naturally drive QTUM.
2. Narrative Logic: One of the earliest public chains in the country, with a historical foundation, the combination of "domestic public chain + Hong Kong concept" makes it regarded as a traditional and established coin in the eyes of investors.
3. Price Position: The last bull market peaked at $35, and now it is only a few dollars, showing a clear advantage at a low position, with significant room for appreciation. Once old coins attract attention from funds, they can quickly rebound.
Operation suggestions:
Short-term: It has already risen, and chasing the high carries significant risk. It is best to wait for a pullback to confirm support before considering entry.
Medium to long term: Low position, combined with the Hong Kong sector market, has potential for a rebound. You can gradually accumulate small positions, but do not go all in.
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