“You see this chart pattern here? This would imply super low volume and intense selling pressure. But I can’t short it, so why bother?” said Chuck Seaver, crypto futures and options trader. “BAT is starting to look like a giant pile of guano, strictly from a TA perspective of course.”
Shrimpy’s surveyed 100 traders with less than $100 in their Coinbase wallet and found that the majority of these shrimps were smoking their hopium on the XRP train, not BAT. Perhaps the lack of hype cycle around older altcoins are working against it, or people just don’t want to watch crappy ads, even if you pay them crypto to do it.
Maybe BAT will go through a metamorphasis and turn into a vampire at some point, and then can at least get the ex-FTM goth kids on board. Maybe..