Hi once again,
Week 6, what can I say except week 6. This seems to be perfect timing as yesterday the market suffered a huge hit. This also means that these shitcoins with low value outside of investment took a hit, and you can see that in the value of all the coins.
I also sold off 8.000 ping for 100$ in Elontech. Bad week for Elontech to enter this experiment, but welcome!
Again, don't do this at home.
Table of current value:
Alot of people seemed to start cashing out yesterday which caused a price dip. This, as expected, spreads som FUD which causes prices to dip, which affects coins with a low marketcap the most as there isn't as many sells needed to happen before price is severely affected.
4 coins dipped between 5-20% with 6 dipping 20-50%, apart from Sonar which for some reason is still green. Solana has also stayed fairly stable with Algorand spiking in price so maybe Sonar took a page from their book. Luckily this keeps the price fairly stable making be back only about 50-60$ as Sonar holds the front.
Most coins would need to double their value with Lemond needs to tripple their current value to get back to 100$.
Statistics
Allocation
With the rpic fall most coins lost their allocation apart from Sonar which gained some.
Best/worst perfomer
Lemond is still hurting alot, now more than ever. Some coins can recover and still find value, hopefully most of them. It is uncertain how these will perform as most of them (apart from DOGE & SAFEMOON) are sub #100 and are generally harder to predict.
Chart
As you can see there's a dip at the end of chart, far cry from that one time when the coins were up at around 1.400$. Take note that the value I could've placed in coins with more stable projects or more wide-spread adoption would've given me more profit and possibly saved me the pain from this small dip. The smaller the marketcap, the bigger the gamble
I was gonna call this month no-Sell-September, but that would be too ironic at this point.
I'll keep an eye to see which coins recover from this dip as these things generally phases out most coins that failed to get some following or adoption. Funnily enough I made a post about how much % I would need yesterday to recover from a trade loss, right before the crash.
Thank you for reading and remember, don't buy shitcoins.
