Important to understand!!! As long as investors keep bought Bitcoins at 30-60 thousand and a number of other coins in their portfolios, we will not fly TO THE MOON. In February I expect Bitcoin to collapse to around 9-12k, this should totally disappoint holders and force them to sell coins. But before the collapse, I think there will be a rebound on the events that will take place in the near future. But it's important to understand all the risks here before you speculate on those events and try to make a profit. If you manage to get 2-3 X's, you have to sell that share of coins, which will return the investment; and you can do everything you want with the rest of the coins.
Will earn only those who will be out in time
In the near future, one of the richest countries in the world will host sporting events such as: Formula 1 in Abu Dhabi(Nov. 17, 2022-ish, Nov. 20, 2022). The UFC is also held in Abu Dhabi. The FIFA World Cup and its final part will be held in Qatar(20 Nov. 2022 - Wed, Dec. 18, 2022). These events are sponsored by projects such as: Crypto.com, Algorand, Fantom, Velas, FTX, BYBIT, Floki, BINANCE, Tezos and others.
These projects want to run large-scale advertising that will be seen by millions of people from all over the world. Such an event can greatly affect the value of the token of this or that project. How they will do it, no one knows ... but it will be something big; it may be the signing of a partnership with one of the teams; assume that some team, let it be the England team on the field with the Crypto.com logo on its chest and make some statement about this exchange (advertising). A project like Crypto.com, it is everywhere on the ear (UFC, Formula 1, the World Cup), angry fans may even want to support their idol buying token of this exchange or participate in some raffle.
Personally, I do not perceive Crypto.com exchange as a fundamental project. I look at it as a very risky manipulative project that sells air (logo). The coin is down 90% from its peak and I think it makes sense to take a risk and buy this coin. In the short term it could give a couple of X's. Right now I don't expect a market reversal and a renewal of the haves until 2025. But the rebound that will happen in November - December (but may not happen), it should be taken advantage of (to earn for the Christmas tree and the New Year). Most of all will bounce coins in which sits certainly MarketMaker(manipulator), but also need to watch as projects will promote themselves in advertising.
Have a good mood everyone! 👋
!!!!WARNING !!!! Under no circumstances, do not take my actions as investment advice. This is just my subjective opinion, I could be wrong.
