Recently, the TAC coin suddenly surged, but a closer look at the fundamentals reveals that things are not that simple.



Let's first look at the 12-hour progress—there are no new major news to support this move. On social media, there’s also no high-heat discussions. Major crypto news outlets keep cycling through the same old stories, mainly rehashing the mainnet launch news.

From the market sentiment, positive voices are actually few. Roughly estimating meaningful content in search results, positive opinions make up at most 20%, while the rest are either unrelated token discussions or irrelevant information. The market clearly doesn’t have much FOMO flavor right now.

Honestly, this wave of market activity feels like a short-term speculative frenzy. Without new fundamentals or ecosystem developments, jumping in just to follow the trend is risky. The upside potential might hit a ceiling quickly, and a reversal is quite possible. At this point, it might not be a good idea to follow in, as the FOMO trap is right in front of us.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)