Reasons why Rave is soaring and the mistakes that many often make:
Main reason: Short Squeeze (Short Selling Burn): The mass liquidation of short orders has created forced buying pressure, driving the price up sharply in a very short time.
To put it simply, placing a "train blocking" sell order is actually killing many, it does not decrease the price but instead creates continuous buying pressure at the liquidation point. This is why the more you short, the higher it goes; this applies even to BTC, and the lower the market cap, the more evident this becomes.
Low Float: Only about 24% of the total token supply is circulating in the market. This scarcity helps "whales" easily coordinate and push the price up high with not too much capital.
Event News (Web3 Entertainment): The anticipation of the music event series in Hong Kong (April 18) and rumors about listings on major exchanges have triggered strong FOMO sentiment from the community.
Liquidity Creation: There are signs of market maker teams pushing prices to attract the attention of retail investors just before major events.
#crypto
Main reason: Short Squeeze (Short Selling Burn): The mass liquidation of short orders has created forced buying pressure, driving the price up sharply in a very short time.
To put it simply, placing a "train blocking" sell order is actually killing many, it does not decrease the price but instead creates continuous buying pressure at the liquidation point. This is why the more you short, the higher it goes; this applies even to BTC, and the lower the market cap, the more evident this becomes.
Low Float: Only about 24% of the total token supply is circulating in the market. This scarcity helps "whales" easily coordinate and push the price up high with not too much capital.
Event News (Web3 Entertainment): The anticipation of the music event series in Hong Kong (April 18) and rumors about listings on major exchanges have triggered strong FOMO sentiment from the community.
Liquidity Creation: There are signs of market maker teams pushing prices to attract the attention of retail investors just before major events.
#crypto