We had a decent rally after the labor market data came out @The Wolf Of Few Streets

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The Wolf Of Few Streets | United States America (US)

Create: 2024-05-05 Update: 2024-06-01 00:21:40

We had a decent rally after the labor market data came out, but over the weekend several altcoins took a hit. MANA, ALGO, MATIC, NEAR, UNI, XTZ, XLM and SOL all suffered because of a new lawsuit filed against Coinbase. The lawsuit claims these coins are securities that plaintiffs invested in based on allegedly misleading statements by the crypto exchange. So, several alts had to dip because of this. With such fundamentals, it looks like we're going to be waiting a while for an alt season...

The Wolf Of Few Streets

We had a decent rally after the labor market data came out, but over the weekend several altcoins took a hit. MANA, ALGO, MATIC, NEAR, UNI, XTZ, XLM and SOL all suffered because of a new lawsuit filed against Coinbase. The lawsuit claims these coins are securities that plaintiffs invested in based on allegedly misleading statements by the crypto exchange. So, several alts had to dip because of this. With such fundamentals, it looks like we're going to be waiting a while for an alt season...

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