Recently, BTC has been consolidating at a high level and the market is very boring.
However, the prices of some Altcoin have soared, attracting the attention of investors. Many people hope to seize this fleeting opportunity in the boring market, enter and exit quickly, enter at a low point, and exit at a high point, just to make a profit.
Unfortunately, you may not only not make any money, but lose valuable funds instead. Let’s take a look at these coins that briefly topped the list of rising prices. Have you played with them?
HMSTR: Once the leader of TON chain, now the K-line is like a jumping machine
HMSTR hit a short-term high of 0.00256 today, and then immediately plummeted to 0.0012, a drop of more than 50%.
Community comment: Our relationship is like a bungee jumping machine.
HMSTR is the popular GameFi concept coin of the TON chain, which has attracted about 200 million users. The Hamster CEO game was once popular in Web3 and was considered the vanguard of Web3 breaking the circle.
Currently, its FDV is approximately US$150 million.
MASK: I thought it was the king who only goes up but never goes down, but it turns out to be the king of scammers
MASK, the low point of this round was 0.927, and then it suddenly rose for 5 consecutive weeks, and the unit price soared to 3.73, about 4 times.
MASK is a hardcore social concept coin. There are some narratives behind its recent rise, such as Musk mentioned that X is used for payment, and MASK officials also announced the acquisition of a Web3 social application, which gives people the feeling that they are going to make a big move in Socialfi. People who pay attention to it are waiting for MASK to perform a miracle day in the crypto.
As a result, the stock price did not stabilize after rising to a high point. It crashed directly within 4 hours, plummeting by more than 50%, and then continued to fall, leaving a group of investors who took over for their dreams in disarray. Its current FDV is 163 million.
MASK needs to keep pace with the dealer.
WCT: Silently pull up the market, and withdraw at the right time without making any sound
After WCT was listed on Binance spot, it briefly fell back to 0.36, and then began to climb hard. It seemed to be saying: Since you all don’t think highly of me, I will change my fate to show you.
On May 30, WCT surged to 1.39U, a record high, and ranked in the top three of Upbit's trading volume rankings for several consecutive days.
It was thought that it would become the super coin of this round, but it still disappointed people. After reaching a high, it plummeted by more than 50%. It can be regarded as a model of waterfall-like decline, and the K-line is a typical Christmas tree.
Currently, its price is 0.4. Interestingly, despite various doubts from the community, the WCT team has remained silent and has not issued any official statement.
LPT: AI surprise, version reversal, special skill is "surge and plunge"
LPT suddenly rose from 5.1U to 14 on May 30th, because LPT was launched on the Upbit exchange in South Korea.
It then fell for three consecutive days, and after a short-term rebound of more than 30%, it continued to fall.
As an AI concept coin, LPT is the "surprise weapon" in this round of AI narrative, and has staged several surges and plunges. However, the highs are getting lower and lower, and the lows are getting lower and lower.
There are many dedicated traders on LPT, and there are a lot of people doing K-line analysis on X.
Many people believe that LPT is a "rebel version" and its price performance is always unexpected, killing investors in one blow.
The king of big talk, good news = 60% plunge, no shame at all
USD1 is the open market of BSC chain, backed by Trump’s WLFI. MEME coin B forms a trading pair with it, and its market value directly soars to 400 million.
On June 4, the DEGO project announced USD1 as part of the new liquidity plan. "We want to build a stronger DeFi ecosystem," the project said.
They haven't spoken for a long time, but when they do, they always follow the hot topics and the community spirit is high.
As a result, the good news only lasted for 3 minutes before the stock price plummeted 60% and then continued to fall.
Have you ever played with these altcoins? Be aware that the market liquidity is worrying, and altcoins and MEME coins are prone to sudden rises and falls.
