Dash this monster coin had an impressive performance in the previous bull market—rising from $31 directly to $478, a 15x increase and more. The trading style back then was very simple and straightforward; mainstream coins and altcoins were the same, just hold on.



But this round is completely different. Dash went from $17 to $150, only a 9x increase, and it only started accelerating last September. Its growth is clearly weaker than the last cycle. The key is that the rhythm has changed—altcoins can't operate with the same mindset as before, and the overall pattern has been completely disrupted.

Recently, Dash's performance clearly illustrates the point. It surged 136% in two days, with massive volume pushing it higher. Anyone betting against this kind of monster coin is probably going to get wiped out even faster and more painfully. It kept climbing to the point where you start questioning life—after all, Dash's market cap is right there, and controlling the market isn't really difficult. I even wonder if some whales have moved from other coins to this one. If this continues, there's no reason Dash can't reach $150.

Shorting altcoins is indeed quite challenging; the gains and risks are hard to balance. It's okay to play around a bit, but don't get too caught up.
DASH0,79%
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
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)