Gold Rush: Which of the 252 tokens is the strongest and which one is most likely to fall?
Original | Odaily Planet Daily
Author | Nanzhi
On June 7, BTC hit the $72,000 mark, just $3 away, and then began to fall. There was only one rebound on June 12, from $66,000 to $70,000, and then it began to fall again.
In the market where the overall market has fallen sharply, it is often possible to test which tokens have the most bottom-fishing value or are the strongest, including the most resistant to declines and the fastest rebound. Odaily Planet Daily divides the market in the past ten days into the first round of decline on June 7, the second round of decline on June 11, the first round of rebound on June 12, and the overall market in the past ten days. It analyzes the data of the above two aspects for 252 tokens (excluding stablecoins and gold synthetic coins) in the Binance spot trading section, and draws the following conclusions:
The first round of decline on June 7
In the days before June 7, only BTC was rising alone, and most tokens had fallen in advance, but the time was not consistent. Therefore, this section still starts from 20:00 when BTC began to fall significantly, and the calculation deadline is 08:00 on June 8.
Among the most resilient tokens, “Justin Sun’s tokens” continue to occupy multiple positions. In addition, several tokens such as HIGH, BTC, and ETH performed well during this period .
Most of the tokens on the decline list are well-known to us , so we will not list them one by one here. We will focus on whether there is a rebound in the future .
June 11: Second round of decline
After three days of sideways trading, Bitcoin led all tokens to start a new round of decline. The statistical time in this section is from 0:00 on June 11 to 0:00 on June 12.
It can be seen that the Sun Yuchen series of tokens still dominate the anti-fall list, while HIGH, which had the least decline in the first round of decline, has become the first in the decline list and is no longer worth buying in the short term . In addition, all tokens in the decline list have changed, which means that at least 20 tokens have become weak varieties .
First rally on June 12
The day after the second wave of decline, Bitcoin led the market to start a rebound. The statistical time for this round is from 0:00 on June 12 to 0:00 on June 13.
LPT proved itself through the rebound . In addition, NOT and UNI also made it into the decline list and rebound list.
On the other hand, HIGH, PEOPLE, and OM continued their weak performance, with the largest declines and the least rebounds .
Ten-day market summary
Taking 20:00 on June 7 as the benchmark, the maximum decline is calculated based on the lowest price in the past ten days. The rebound range is calculated based on the lowest price and the closing price at 14:00 today. The data is shown below.
HIGH became the weakest token in this round. In addition, AEVO, CKB and SATS were also on the list of consecutive declines.
NOT, CRV, and UNI showed strong resilience, but there were no visible continuously strong currencies except BTC.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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