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Crypto Analyst Believes We Are in a “Mini Scam Altcoin Season”

Cryptocurrency Nov 03, 2022 07:30AM ET
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Crypto Analyst Believes We Are in a “Mini Scam Altcoin Season”
 
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  • ROSE is currently trading at $0.06214 after a 6.24% increase in price.
  • Other altcoins like EOS and IOTEX are also up for the day.
  • EOS’s 24-hour trading volume is up more than 50% so far.

An educational platform about cryptocurrency investing and trading that goes by the name of Mac took to Twitter on November 3 to speculate on what the prices of various altcoins might do over the next few days. Some of the altcoins that were mentioned in the post included Oasis Network (ROSE), EOS, and IoTeX (IOTEX).

ROSE / Tether US 1D (Source: TradingView)

According to CoinMarketCap, ROSE is currently trading at $0.06214 after a 6.24% increase in price over the last 24 hours. Although the crypto is in the green for today, ROSE is still down more than 2% over the last week.

The altcoin was, however, able to strengthen against the two biggest altcoins in the market, Bitcoin (BTC) and Ethereum (ETH), by about 6.62% and 7.28% respectively. ROSE’s 24-hour trading volume is also in the green by over 100% to now stand at $45,171,338.

EOS / Tether US 2D (Source: TradingView)

EOS is also in the green for the day as the altcoin saw a 1.46% increase in price over the last 24 hours. Crypto is up by 1.45% as well over the last seven days. In addition to this, EOS’s 24-hour trading volume is up more than 50% so far to now stand at $274,435,390.

IoTeX / Tether US 1D (Source: TradingView)

CoinMarketCap indicates that IOTEX is currently worth $0.02916 after a 4.29% increase in price over the last day. The altcoin is also up by more than 3% over the last week.

Mac concluded the Twitter post by stating that it “looks like we have a mini scam alt szn.” He further added that “most alts with gaps will pump to 1D 200 MA”.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post Crypto Analyst Believes We Are in a “Mini Scam Altcoin Season” appeared first on Coin Edition.

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Crypto Analyst Believes We Are in a “Mini Scam Altcoin Season”
 

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Natalia Wong
Natalia Wong Nov 07, 2022 10:18AM ET
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