The fate of altcoins is always heading towards zero; the only difference is in how they die.

Some coins die particularly slowly, like PNUT and FARTCOIN, and short sellers actually feel quite uncomfortable. There are always people rushing in one after another, taking real money to scoop up the tokens, thinking they can hold on till the end. The coin price just lingers in a state of neither alive nor dead, and the short sellers end up exhausted.

In the past two days, the movement of ZEC has been quite absurd, while the downward trend of HYPE looks relatively normal.

Ultimately, market opponents need to clearly see their targets. The desperate struggle of ordinary retail investors can be a gamble, but never go head-to-head with big funds that are rich and persistent. Just like MicroStrategy still buying Bitcoin at a high of $120,000, such opponents are really hard to beat in the short term. Timing is very important; don’t let yourself become cannon fodder.