Many dog coins rely on small on-chain liquidity or thin order books on exchanges to hold on there.
Dog farms are just competing to see who can last longer.
Once the net is cast, it's the next $OM $ZKJ.
What is the market doing now?
Take Binance Copycat as an example, soph:
The spot trading volume is 380wu, and the contract trading volume is 3800wu.
The spot trading volume is only one-tenth of the contract trading volume.
You know, Binance is already the best exchange with the best contract depth, and it's like this.
The spot trading volume is so low because there is no amplitude of volatility, especially no gains,
As a result, many retail investors poured into the contract market, trying to rely on leverage to amplify volatility, especially shorting.
But everyone knows what the success rate of playing contracts is.
One can only rely on leverage, and the other can only be shorted, do ordinary people still have a chance??? 🥲
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