I see many people saying that the logic behind buying TUT is that it has the lowest market cap among the coins being listed this time, so it's worth going all in (over 40 million). Banana and Broccoli are only over 60 million, so if TUT rises to over 60 million or Broccoli and Banana drop to over 40 million, TUT will no longer have the lowest market cap. What would be the reason to continue holding TUT then? Why not switch to Banana and Broccoli? "Buying the tail end" is not a valid logic at all because the market will only give you the value of the shell at most. This is the problem with listing four coins at once, one target's market cap suppresses another, and traders end up not knowing which to choose: 1. Mubarak, the leader, will be dumped at the opening because listing on the spot market is already a realized benefit, and many traders who were waiting for the spot market will leave. This time, with four coins listed at once, the traffic is dispersed, and they all have to leave, which is a big negative for Mubarak. 2. Banana and Broccoli are the most awkward, with no reason to surpass the leader, Mubarak, so their market cap will be suppressed by Mubarak. 3. TUT can still make money on the first spike because its market cap was only 15 million when listed, but it drops once it rises to over 50 million. Why? Because Banana and Broccoli are still suppressing it. What is the reason for TUT to surpass these two and escape the tail end position? So last night I chose to short Banana (because it will be suppressed by Mubarak, and unlike TUT, it doesn't have the market's focus, and the shorting fee is so high).
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