2d ago
When looking at the best gainers in the top 100, you see a lot of the previously hot names.
These are also the coins I like trading most during times like these and the ones that generally give you the best risk/reward when looking for longs. Underperformers usually keep underperforming and vice versa.
$ENA, $TAO, $ASTER, $PUMP, $BNB, $MNT, $HYPE, $LTC
All in the top ~20 gainers and all were pretty loved before the massive flush. There is no real narrative or anything going on as the (altcoin) market is obviously pretty depressed. So people stick with what they know.
Not a buy/sell signal or anything. Just showing how the market tends to react in times like these. Don't need to overcomplicate it and long some coin that is back to 2018 levels or something just because it's trading at a low price. These coins were strong these past few months for a reason and usually remain that way for some time.
38.02K
140
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.