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Trader Eugene: Altcoins that have seen a 80-90% drop in price since launch are approaching fair valuations
2024-09-24 05:39:01
Odaily News Trader Eugene Ng Ah Sio wrote on X: “Few people understand that for the protocol you like or are optimistic about, every unlock is a bullish opportunity, allowing Diamond Hand participants to accumulate more tokens. Problems only arise when the tokens you are optimistic about are worthless or considered worthless. Unfortunately, this is the case with 95% of existing protocols. For many altcoins whose prices have fallen by 80-90% since their launch, I think their valuations are gradually approaching reasonable levels.”