IX.15. Trading of “young” altcoins.

BINANCE is constantly announcing the introduction of more and more altcoins into trading (Fig.224).

Fig.224. Altcoin AXS, added on 02.11.2020.

Figure 224 shows a graph of price changes for the altcoin AXS, added on 02.11.2020. The main idea of the success of young altcoins is that buyers expect significant price shots up at the beginning of the “career” of altcoins, followed by a drop in price to zero. Such predictable behavior attracts a huge number of crypto exchange clients to such trading, because it is essentially easy money. Usually, altcoins tend to fall rather than rise, i.e. they are more suitable for short.

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