Yesterday, AICoin (ORDI) hit a historical high, surging to $96.
Over the weekend, while chatting with friends, we happened to discuss AICoin and reminisced about my involvement with AICoin last year.
I participated in AICoin at the end of April and early May last year with a mix of skepticism and belief.
After getting involved, when discussing new things with friends, I mentioned AICoin and Bitcoin inscriptions. However, I was very cautious during the conversation, mainly because I didn't have much confidence in this new thing.
At that time, the AICoin player community was just beginning to form, and the inscription technology was being criticized for some obvious issues. Meanwhile, I was more optimistic about another protocol (Bitcoin stamp STAMP) and thought that the inscription might just be a transition.
Therefore, when discussing AICoin with friends, I tried to focus on the technology and avoid talking about the price. I was very worried that discussing the price would mislead my friends into buying something that would ultimately be worthless.
However, soon after, AICoin was listed on some exchanges, and its price quickly soared to over $20. I instinctively felt that this price was too risky, and anyone who bought at this price might not know how long they would have to hold.
At that time, there were also some Key Opinion Leaders (KOL) who were very optimistic about AICoin's future, calling for prices over a hundred dollars. I jokingly thought that even if AICoin could rise to $100, it would probably only happen in the most irrational and craziest period of the market at the end of the next bull market.
Later, the market indeed entered a deep adjustment, and AICoin dropped to a low of around $3. At that time, I thought it would be impressive if its price could break through the previous high of $20.
At that time, the price of Bitcoin had already dropped to below $30,000. Based on my estimation of Bitcoin at the time, during the bull market, Bitcoin could rise to $100,000, which would be a threefold increase from $30,000 to $100,000. If AICoin could recover to the previous high of $20 from $3, it would be a sevenfold increase.
For a copycat, such an increase would be quite impressive.
Later, in November, the inscription ecosystem began to explode on a large scale, and AICoin reached a peak of over $80 in that round of the market.
Subsequently, in the pullback in January, AICoin dropped to around $56, while Bitcoin dropped to around $50,000 during the same period.
Now, when AICoin hit a historical high of $96, Bitcoin briefly surged above its historical peak to $69,000.
If we calculate from the pullback in May to the present, AICoin has risen from $3 to $96, an increase of 23 times, while Bitcoin has increased by approximately 2.3 times during the same period.
If we calculate from the pullback in January to the present, AICoin has risen from $56 to $96, an increase of 1.7 times, while Bitcoin has increased by 1.3 times during the same period.
From these two comparative data, AICoin has always been considered as a leverage of Bitcoin, but the leverage effect is weakening.
However, considering that both AICoin and Bitcoin have broken through their previous highs, this means that their potential in the upcoming bull market has been unleashed, and the upward space has been completely opened up.
I am very much looking forward to seeing what kind of miracles AICoin will create in the upcoming market.
Looking back on these moments, I once again realized the unpredictability of the market. For good targets, the market is likely to provide surprising and unexpected returns.
Therefore, for good targets, especially those acquired before the bull market arrives, we should try not to sell before the bull market, but instead hold on until the peak of the bull market to sell and profit.
Fortunately, I have been holding onto the chips I initially bought, witnessing the miracles created by AICoin all the way.
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