Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Recently, I've been watching the RIVER coin, and it’s truly aggressive—rising from single digits all the way to over $40 now, the increase is impressive. But the problem is, while the rise is exciting, the pullbacks happen quite frequently, sometimes nearly halving in value. Such turbulence has knocked out many people. I myself entered when it was over $5, and very few have managed to hold on until now.
This type of coin has a characteristic: the chips are highly concentrated, mostly held by the manipulators. Once such a situation forms, shorting becomes a thankless task—if they want to push the price up, they will, even pushing it to $100 and then pulling back sharply. Retail investors shorting in this pattern are almost gambling, and most likely will be washed out in the end. Instead of entangling in shorting, it’s better to observe patiently and wait for clearer opportunities.