📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
🎮 This round focuses on: Yooldo Games (ESPORTS)
✍️ Share your unique insights and join promotional interactions. To be eligible for any reward, you must also participate in Gate’s Phase 286 Launchpool, CandyDrop, or Alpha activities!
💡 Content creation + airdrop participation = double points. You could be the grand prize winner!
💰Total prize pool: 4,464 $ESPORTS
🏆 First Prize (1 winner): 964 tokens
🥈 Second Prize (5 winners): 400 tokens each
🥉 Third Prize (10 winners): 150 tokens each
🚀 How to participate:
1️⃣ Publish an
Ansem spent 867,132 USDC to buy 1,970,000 Fartcoin again
Golden Finance reported that, according to Lookonchain monitoring, 13 hours ago, Ansem once again spent 867,132 USDDC at a price of $0.44 to buy 1.97 million Fartcoin. 9 days ago, Ansem spent $1.2 million to buy WIF and sold it for $1.07 million, losing $128,000.
Due to the small Circulating Supply of most AltCoins, the market is easily manipulated by dealers. Dealers create the illusion of market prosperity by holding a large amount of Tokens and using fake transactions to attract more retail investors to get on board. Once the dealer completes the high-level dump, the market price often drops sharply.
2. Irrational Behavior of Investors
The high volatility and high returns of the Cryptocurrency market attract a large number of speculators. Many investors enter the market with the mentality of getting rich overnight, hoping to obtain excess returns by investing in AltCoins. This irrational investment behavior provides a breeding ground for the speculation of AltCoins.
3. Market Periodic Adjustment
The Cryptocurrency market has strong periodic characteristics. In each market cycle, a group of poorly performing projects will be eliminated. As the market gradually matures and rationalizes, AltCoins that lack fundamental support will ultimately go towards the destiny of dropping to zero.