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Crypto Analyst Predicts 'Mini Scam Altcoin Season' Amid Price Surges

ROSE, EOS, and IOTEX see significant price increases, with trading volumes spiking across the board. An analyst suggests a potential 'mini scam alt szn' as altcoins show strength against Bitcoin and Ethereum.
Published on 2022-11-03

Price Movements and Volume Spikes

ROSE, EOS, and IOTEX have shown notable price increases over the past 24 hours. ROSE is currently trading at $0.06214, reflecting a 6.24% increase, with its 24-hour trading volume surging over 100% to $45,171,338. Despite this short-term gain, ROSE remains down 2% over the last week. However, it has strengthened against Bitcoin (BTC) and Ethereum (ETH) by 6.62% and 7.28%, respectively.

EOS has also seen a 1.46% price increase in the last 24 hours, with its trading volume rising over 50% to $274,435,390. Over the past week, EOS is up 1.45%. IOTEX, currently priced at $0.02916, has gained 4.29% in the last day and over 3% in the past week.

Analyst Speculation on Altcoin Market

A cryptocurrency analyst on Twitter, known as Mac, has speculated about the potential movement of altcoins like ROSE, EOS, and IOTEX. Mac suggests that the market may be entering a "mini scam alt szn," where altcoins with gaps could pump to their 200-day moving average (200 MA) in the short term.

Disclaimer and Caution

Investors are reminded to conduct their own research and due diligence before making any investment decisions. The information provided is for educational purposes only and should not be considered as financial advice. Cryptocurrency markets are highly volatile, and any investment carries inherent risks.

The analyst's comments and price analysis are based on current market trends and should not be taken as investment recommendations. Readers are advised to exercise caution and stay informed about market dynamics.

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