🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
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Some thoughts on short-term buying the dip in altcoins to profit from a rebound.
Let me share some thoughts on short-term altcoins.
Generally, those coins that have been declining for a longer period are more likely to rebound first, as they often lead the way compared to other coins throughout the entire cycle. Coins like $BONK and $PENGU were previously leading the charge, but have been consolidating for the past two months. I feel they are likely to step up again and lead the rally.
In addition, there are some coins that have just experienced a sharp decline, which may easily see a rebound in the short term, but this rebound does not mean that the market has fully recovered. For example, $FORM and WLFI have dropped too sharply, so it is reasonable to expect a quick rally, but I prefer to first see if they can stabilize and oscillate before judging whether there will be a stronger rebound later.
I do not rule out that in the second half of the fourth quarter, large-cap meme coins may once again become the focus of the market. This round was led by value coins and fundamental coins, and meme coins surged too aggressively in May, temporarily rotating to other sectors. However, based on historical experience, when the timing is right, meme coins are likely to see a new round of performance.
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