I want to write a bit about some of these old dead 2017-2021 coins that are out there ( $SNX). I am not a fan of buying these charts. While there are some benefits like high float/no insider sell pressure, you're pretty much praying that there's either some sort of pivot, cabal supply controlled pump, or rebrand where they change the ticker and erase the old chart history.
There are some obvious exceptions of course. Coins like $LINK, $ADA, $XRP, $HBAR, those are coins that have done pretty well over the last year. They still have relevant mind control, much better charts, and can't be compared to the random older coins that haven't moved in years.
The alt market is way different than before. In the past, you could have bought charts like the one below and profited when the alt season came later in Q4. These days, there are way too many alts and way too much dispersion/not enough liquidity.
I don't recommend buying anything like these coins. You can buy momentum (ie. buying a dip on SNX is totally acceptable) but you should never buy these types of coins in their current state unless you either a) know some insider information or b) are extremely well informed on the project and future updates that most others won't know about.

41.31K
90
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.