Drift
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From the RSI heatmap you sent, we can see several tokens with an RSI below 30, which means they have entered the oversold category — this is often considered to have upside potential because their prices have been too suppressed.
Oversold Tokens with Upside Potential:
Here are some tokens that are in the oversold zone, which can be monitored because there is a possibility that prices will rebound:
1. #SLERF
2. #KOMA
3. #PENGU
4. #ACT
5. #PNUT
6. #DOGS
7. #MASK
8. #VANA
9. #DEGEN
10. #DRIFT
> Note: A low RSI is not a guarantee that prices will rise immediately, but technically it signals that selling pressure is high and a reversal might occur.
---
Tips Before Buying:
Check trading volume: is the volume increasing? This can support the potential for a rise.
Look for news or updates related to the token's project.
Use other indicators (MACD, support/resistance, etc.) for additional confirmation.
Oversold Tokens with Upside Potential:
Here are some tokens that are in the oversold zone, which can be monitored because there is a possibility that prices will rebound:
1. #SLERF
2. #KOMA
3. #PENGU
4. #ACT
5. #PNUT
6. #DOGS
7. #MASK
8. #VANA
9. #DEGEN
10. #DRIFT
> Note: A low RSI is not a guarantee that prices will rise immediately, but technically it signals that selling pressure is high and a reversal might occur.
---
Tips Before Buying:
Check trading volume: is the volume increasing? This can support the potential for a rise.
Look for news or updates related to the token's project.
Use other indicators (MACD, support/resistance, etc.) for additional confirmation.
Trade Signal For DRIFT
$DRIFT
Entry Range: $0.70 - $0.75Action: Sell 📉SL (Stop Loss): $0.78TP 1: $0.65TP 2: $0.58TP 3: $0.50
🥂 Check Price and Trade Now 👇
🚨 Note: Trade at your own risk. DYOR.
Analysis of the Short Trade Setup:
Bearish Daily Performance (-12.06%) signals strong selling momentum.
Lower High Formation confirms a potential downtrend continuation.
Increased Trading Volume (+30.10%) suggests panic selling rather than accumulation.
Key Resistance at $0.75 - $0.78: This zone has rejected price movement multiple times.
Break Below $0.68 Support: Opens the door for a drop toward $0.65 and lower.
📉 Why Should Investors Follow This Setup?
DRIFT is currently 74.3% down from its ATH ($2.65), showing weak long-term sentiment.
The lack of strong support until $0.58-$0.50 makes further downside likely.
With the overall market showing uncertainty, risk-off sentiment could push prices lower.
Reversal Possibility Trade Setup (Bullish Scenario):
If DRIFT reclaims $0.78 with strong volume, consider a long position:
Entry Range: $0.78 - $0.82Action: Buy 📈SL: $0.70TP 1: $0.85TP 2: $0.92TP 3: $1.00
Reason for Reversal:
Break Above $0.78 Resistance: Could trigger short squeezes, pushing price higher.
Increased Buy Volume: If volume spikes significantly, buyers might take control.
Psychological Level at $0.80: A sustained hold above this level could attract bullish momentum.
#MileiMemeCoinControversy #GeopoliticalImpactOnBTC #AIandStablecoins #CardanoETFTalk #DRIFT
Entry Range: $0.70 - $0.75Action: Sell 📉SL (Stop Loss): $0.78TP 1: $0.65TP 2: $0.58TP 3: $0.50
🥂 Check Price and Trade Now 👇
🚨 Note: Trade at your own risk. DYOR.
Analysis of the Short Trade Setup:
Bearish Daily Performance (-12.06%) signals strong selling momentum.
Lower High Formation confirms a potential downtrend continuation.
Increased Trading Volume (+30.10%) suggests panic selling rather than accumulation.
Key Resistance at $0.75 - $0.78: This zone has rejected price movement multiple times.
Break Below $0.68 Support: Opens the door for a drop toward $0.65 and lower.
📉 Why Should Investors Follow This Setup?
DRIFT is currently 74.3% down from its ATH ($2.65), showing weak long-term sentiment.
The lack of strong support until $0.58-$0.50 makes further downside likely.
With the overall market showing uncertainty, risk-off sentiment could push prices lower.
Reversal Possibility Trade Setup (Bullish Scenario):
If DRIFT reclaims $0.78 with strong volume, consider a long position:
Entry Range: $0.78 - $0.82Action: Buy 📈SL: $0.70TP 1: $0.85TP 2: $0.92TP 3: $1.00
Reason for Reversal:
Break Above $0.78 Resistance: Could trigger short squeezes, pushing price higher.
Increased Buy Volume: If volume spikes significantly, buyers might take control.
Psychological Level at $0.80: A sustained hold above this level could attract bullish momentum.
#MileiMemeCoinControversy #GeopoliticalImpactOnBTC #AIandStablecoins #CardanoETFTalk #DRIFT
➡️ #DRIFT /USDT (LONG)🔼
⌛ LEVERAGE : 25X TO 75X
🟢 LONG BELOW (0.5597)(0.5450)
🪙 TARGETS
🥇 0.5650
🥈 0.5750
🥉 0.5850
📌 0.5959
⚠️STOPLOSS : 0.5050
😎Use only 1%margin of your total portfolio❤️🙄😇
#BNBChainMeme @WISE PUMPS
⌛ LEVERAGE : 25X TO 75X
🟢 LONG BELOW (0.5597)(0.5450)
🪙 TARGETS
🥇 0.5650
🥈 0.5750
🥉 0.5850
📌 0.5959
⚠️STOPLOSS : 0.5050
😎Use only 1%margin of your total portfolio❤️🙄😇
#BNBChainMeme @WISE PUMPS
See original
The world's first robot launch point push + bulldozer mode, accepted by industry leaders for backtesting, historical push data can be checked across the internet, almost every day there are doubling projects, a revolutionary tool for the web3 industry, aiding healthy development in the industry, big data + AI, 24-hour real-time computation to find the best projects across the internet🔥🔥🔥#grass #Swell #CETUS #RAY #drift
See original
Congratulations on the launch of the first project drift bulldozer on the 17th. The market has doubled. The market is recovering. Big data is pouring in. When the robots are full, they will work hard. People need to eat, and robots need to be fed with data. #以太坊ETF批准预期 #BTC突破7万大关 #新币挖矿 #山寨币热点 #drift
DRIFT USDT
$DRIFT
Analysis of the Chart (DRIFTUSDT on 15m Timeframe)
1. Technical Analysis
Price Movement: The price is currently trending upward, trading above the MA(7), MA(25), and MA(99), signaling bullish momentum in the short term.
Volume: The trading volume shows increasing activity during upward price movements, confirming buying interest.
Support and Resistance Levels:
Support: $1.4053 (recent low).
Resistance: $1.4628 (recent high).
2. Indicators Interpretation
Moving Averages (MA):
Short-term bullish as the MA(7) > MA(25) > MA(99).
MACD: Positive histogram bars indicate increasing bullish momentum.
RSI: At 68.28, RSI is nearing overbought territory but still has room for growth before a reversal.
Stochastic (K/D/J): The K% (78.47) and J% (90.92) indicate overbought levels, suggesting caution for new long entries.
3. Trend Prediction
Short-term trend: Bullish.
Mid-term outlook: Consolidation possible after hitting resistance.
Long-term: Needs confirmation from higher timeframes.
---
Trade Strategy Development
4. Scalping
Long Entry: Around $1.4300 (if price pulls back to MA(7)).
TP: $1.4550.
SL: $1.4200.
Short Entry: Around $1.4600 (near resistance).
TP: $1.4400.
SL: $1.4700.
Duration: 15-30 minutes.
5. Intraday
Long Entry: $1.4250 (support zone).
TP: $1.4700.
SL: $1.4100.
Short Entry: $1.4650.
TP: $1.4300.
SL: $1.4800.
Duration: 4-8 hours.
6. Long-Term
Long Entry: $1.4000 (strong support zone based on MA(99)).
TP: $1.5000.
SL: $1.3800.
Short Entry: $1.5000.
TP: $1.4400.
SL: $1.5200.
Duration: 2-5 days.
---
Risk Management
Risk per trade: 1-2% of total capital.
Position sizing: Adjust lot size based on the distance between entry and stop-loss.
Max consecutive losses: Stop trading after 3 consecutive losses and reassess strategy.
If Signals Go Against You:
Exit immediately if SL is hit.
Avoid revenge trading.
Re-evaluate the market conditions before re-entering.
---
Patterns to Monitor
1. Ascending Triangle: Indicates bullish continuation if the price breaks above $1.4628.
2. Bullish Flag/Pennant: Watch for consolidation below $1.4628 for breakout.
3. Double Bottom: Possible if the price tests $1.4050 again.
4. Head and Shoulders: Reversal pattern to monitor on higher timeframes.
---
Recommendations
Long Entry
Favorable Point: $1.4250-$1.4300.
Exit Points:
TP: $1.4550 (scalping), $1.4700 (intraday), $1.5000 (long-term).
SL: $1.4200 (scalping), $1.4100 (intraday), $1.3800 (long-term).
Trade Duration: 15 minutes to 5 days.
Short Entry
Favorable Point: $1.4650-$1.4700.
Exit Points:
TP: $1.4400 (scalping), $1.4300 (intraday), $1.4400 (long-term).
SL: $1.4700 (scalping), $1.4800 (intraday), $1.5200 (long-term).
Trade Duration: 15 minutes to 5 days.
---
Disclaimer
This analysis is for educational purposes only. Trading involves risks, and past performance does not guarantee future results. Ensure to conduct your due diligence and consult a financial advisor if needed.
---
Opinion
The market appears to favor bulls in the short term. However, as the RSI and stochastic indicate overbought levels, a pullback or consolidation is likely. A cautious approach with tight SLs is advisable for both long and short trades.
#DRIFT #BullCyclePrediction #NonFarmPayrollsImpact #CryptoReboundStrategy
Analysis of the Chart (DRIFTUSDT on 15m Timeframe)
1. Technical Analysis
Price Movement: The price is currently trending upward, trading above the MA(7), MA(25), and MA(99), signaling bullish momentum in the short term.
Volume: The trading volume shows increasing activity during upward price movements, confirming buying interest.
Support and Resistance Levels:
Support: $1.4053 (recent low).
Resistance: $1.4628 (recent high).
2. Indicators Interpretation
Moving Averages (MA):
Short-term bullish as the MA(7) > MA(25) > MA(99).
MACD: Positive histogram bars indicate increasing bullish momentum.
RSI: At 68.28, RSI is nearing overbought territory but still has room for growth before a reversal.
Stochastic (K/D/J): The K% (78.47) and J% (90.92) indicate overbought levels, suggesting caution for new long entries.
3. Trend Prediction
Short-term trend: Bullish.
Mid-term outlook: Consolidation possible after hitting resistance.
Long-term: Needs confirmation from higher timeframes.
---
Trade Strategy Development
4. Scalping
Long Entry: Around $1.4300 (if price pulls back to MA(7)).
TP: $1.4550.
SL: $1.4200.
Short Entry: Around $1.4600 (near resistance).
TP: $1.4400.
SL: $1.4700.
Duration: 15-30 minutes.
5. Intraday
Long Entry: $1.4250 (support zone).
TP: $1.4700.
SL: $1.4100.
Short Entry: $1.4650.
TP: $1.4300.
SL: $1.4800.
Duration: 4-8 hours.
6. Long-Term
Long Entry: $1.4000 (strong support zone based on MA(99)).
TP: $1.5000.
SL: $1.3800.
Short Entry: $1.5000.
TP: $1.4400.
SL: $1.5200.
Duration: 2-5 days.
---
Risk Management
Risk per trade: 1-2% of total capital.
Position sizing: Adjust lot size based on the distance between entry and stop-loss.
Max consecutive losses: Stop trading after 3 consecutive losses and reassess strategy.
If Signals Go Against You:
Exit immediately if SL is hit.
Avoid revenge trading.
Re-evaluate the market conditions before re-entering.
---
Patterns to Monitor
1. Ascending Triangle: Indicates bullish continuation if the price breaks above $1.4628.
2. Bullish Flag/Pennant: Watch for consolidation below $1.4628 for breakout.
3. Double Bottom: Possible if the price tests $1.4050 again.
4. Head and Shoulders: Reversal pattern to monitor on higher timeframes.
---
Recommendations
Long Entry
Favorable Point: $1.4250-$1.4300.
Exit Points:
TP: $1.4550 (scalping), $1.4700 (intraday), $1.5000 (long-term).
SL: $1.4200 (scalping), $1.4100 (intraday), $1.3800 (long-term).
Trade Duration: 15 minutes to 5 days.
Short Entry
Favorable Point: $1.4650-$1.4700.
Exit Points:
TP: $1.4400 (scalping), $1.4300 (intraday), $1.4400 (long-term).
SL: $1.4700 (scalping), $1.4800 (intraday), $1.5200 (long-term).
Trade Duration: 15 minutes to 5 days.
---
Disclaimer
This analysis is for educational purposes only. Trading involves risks, and past performance does not guarantee future results. Ensure to conduct your due diligence and consult a financial advisor if needed.
---
Opinion
The market appears to favor bulls in the short term. However, as the RSI and stochastic indicate overbought levels, a pullback or consolidation is likely. A cautious approach with tight SLs is advisable for both long and short trades.
#DRIFT #BullCyclePrediction #NonFarmPayrollsImpact #CryptoReboundStrategy
🚀 #DRIFT Futures long trade
Price Prediction & Trading Signal
📊 24-Hour Price Overview
Current Price: $0.643
🔑 Entry Price & Stop Loss
Entry Price: $0.643
Stop Loss: $0.625
🔍 Support & Retest Levels
Support Level: $0.635
Retest Zone: $0.640 - $0.645
📈 Growth Targets
1st Target: $0.648 - $0.653
2nd Target: $0.657 - $0.663
3rd Target: $0.668 - $0.675
🚀 Extra Target (Market Dependent)
Target: $0.685 - $0.700
If Crossed: Possible Next Target → $0.715 - $0.730
✅ Safe Zone
Consider Partial Profit: $0.663 & $0.675
🚀 Conclusion
DRIFT is showing bullish potential. If momentum sustains, it could push higher. Watch for support retests and manage risk accordingly.
#BNBChainMeme
★★★ This signal is not 100% certain. Nobody can predict the market perfectly because crypto is highly volatile, so always do your own research (DYOR) before trading. ★★★
Price Prediction & Trading Signal
📊 24-Hour Price Overview
Current Price: $0.643
🔑 Entry Price & Stop Loss
Entry Price: $0.643
Stop Loss: $0.625
🔍 Support & Retest Levels
Support Level: $0.635
Retest Zone: $0.640 - $0.645
📈 Growth Targets
1st Target: $0.648 - $0.653
2nd Target: $0.657 - $0.663
3rd Target: $0.668 - $0.675
🚀 Extra Target (Market Dependent)
Target: $0.685 - $0.700
If Crossed: Possible Next Target → $0.715 - $0.730
✅ Safe Zone
Consider Partial Profit: $0.663 & $0.675
🚀 Conclusion
DRIFT is showing bullish potential. If momentum sustains, it could push higher. Watch for support retests and manage risk accordingly.
#BNBChainMeme
★★★ This signal is not 100% certain. Nobody can predict the market perfectly because crypto is highly volatile, so always do your own research (DYOR) before trading. ★★★
Market Shakeup Alert!
#DRIFT Long Liquidation just hit the charts with a jaw-dropping $9.8636K wiped out at the critical price level of $1.37856!
The crypto battlefield is heating up, and leveraged positions are facing relentless volatility.
$BTC
Bulls have faced a significant blow as the market took a sharp turn, liquidating over $9.8K in long positions.
$ETH
This is a stark reminder of the high stakes in the trading arena where fortunes can flip in an instant.
Will the bears continue their dominance, or will the bulls mount a fierce comeback?
Stay tuned, trade cautiously, and always manage your risk!
The market waits for no one.
$XRP
Keep your eyes on the charts – the next move could be explosive!
#CryptoReboundStrategy #AIAgentFrenzy #SUIHitsATH #BitcoinHashRateSurge
#DRIFT Long Liquidation just hit the charts with a jaw-dropping $9.8636K wiped out at the critical price level of $1.37856!
The crypto battlefield is heating up, and leveraged positions are facing relentless volatility.
$BTC
Bulls have faced a significant blow as the market took a sharp turn, liquidating over $9.8K in long positions.
$ETH
This is a stark reminder of the high stakes in the trading arena where fortunes can flip in an instant.
Will the bears continue their dominance, or will the bulls mount a fierce comeback?
Stay tuned, trade cautiously, and always manage your risk!
The market waits for no one.
$XRP
Keep your eyes on the charts – the next move could be explosive!
#CryptoReboundStrategy #AIAgentFrenzy #SUIHitsATH #BitcoinHashRateSurge
See original
Today's profit is over 300 U. I firmly believe in the thoughts of the big players, securing profits first and doing a wave of C2C with U. Here’s a report on today’s results, mainly trading the orders #drift and #CETUS .
#BinanceLabs投资BIOProtocol #Solana涨势分析
#大学生的韭菜记录
#BinanceLabs投资BIOProtocol #Solana涨势分析
#大学生的韭菜记录
#DRIFT Long Liquidation Overview
In an unexpected twist of the market, a significant long liquidation has occurred on #DRIFT , tagged at a staggering amount of $6.4593K, triggered at a price of $1.37608. This development calls for a detailed examination into the technical landscape of $DRIFT.
Entry Point
The entry point for leveraged traders might have been strategically aligned around the $1.37608 mark. Traders stepping in here would have embraced a calculated risk, aiming for upward momentum amidst volatile conditions.
Target
A robust target for the bullish sentiment could be positioned in the vicinity of $1.45, where resistance has been identified. This target portrays a favorable reward-to-risk ratio, encouraging traders to aim high while maintaining a vigilant approach to market fluctuations.
Stop Loss
A prudent stop loss should ideally be set below recent support levels, around $1.32. This protective measure ensures that traders mitigate risks while locking in potential profits from upside movements.
Win/Loss Ratio
A favorable win/loss ratio can be a motivating factor for traders considering a position in #DRIFT . The anticipated reward against risk presents a ratio of approximately 2:1, suggesting that the potential return justifies the risks involved in this volatile market environment.
Conclusion
Traders should remain agile and aware of market signals impacting $DRIFT. With the recent long liquidation event, a tactical approach combined with stringent risk management principles may yield lucrative results.
Investment Disclaimer
Investments are subject to high market risks, including extreme volatility, regulatory changes, and the potential loss of principal. Past performance does not guarantee future results. Always assess your risk tolerance, conduct thorough research, and consult a financial advisor before making any investment decisions.
#BinanceAlphaAlert
#SolvProtocolMegadrop
In an unexpected twist of the market, a significant long liquidation has occurred on #DRIFT , tagged at a staggering amount of $6.4593K, triggered at a price of $1.37608. This development calls for a detailed examination into the technical landscape of $DRIFT.
Entry Point
The entry point for leveraged traders might have been strategically aligned around the $1.37608 mark. Traders stepping in here would have embraced a calculated risk, aiming for upward momentum amidst volatile conditions.
Target
A robust target for the bullish sentiment could be positioned in the vicinity of $1.45, where resistance has been identified. This target portrays a favorable reward-to-risk ratio, encouraging traders to aim high while maintaining a vigilant approach to market fluctuations.
Stop Loss
A prudent stop loss should ideally be set below recent support levels, around $1.32. This protective measure ensures that traders mitigate risks while locking in potential profits from upside movements.
Win/Loss Ratio
A favorable win/loss ratio can be a motivating factor for traders considering a position in #DRIFT . The anticipated reward against risk presents a ratio of approximately 2:1, suggesting that the potential return justifies the risks involved in this volatile market environment.
Conclusion
Traders should remain agile and aware of market signals impacting $DRIFT. With the recent long liquidation event, a tactical approach combined with stringent risk management principles may yield lucrative results.
Investment Disclaimer
Investments are subject to high market risks, including extreme volatility, regulatory changes, and the potential loss of principal. Past performance does not guarantee future results. Always assess your risk tolerance, conduct thorough research, and consult a financial advisor before making any investment decisions.
#BinanceAlphaAlert
#SolvProtocolMegadrop
TRADE ALERT: A decisive move just unfolded!
Sold 4,426 #DRIFT at a price of 1.4231431.
This marks a strategic shift, capitalizing on market momentum.
#DRIFT has been on the radar, and this trade reflects a calculated approach to leverage its performance.
As the journey continues, adaptability remains the key to staying ahead in this dynamic landscape.
What’s the next play?
Stay sharp and ready for the opportunities ahead!
#SolvProtocolMegadrop
#BTCBelow92K
#BinanceAlphaAlert
Sold 4,426 #DRIFT at a price of 1.4231431.
This marks a strategic shift, capitalizing on market momentum.
#DRIFT has been on the radar, and this trade reflects a calculated approach to leverage its performance.
As the journey continues, adaptability remains the key to staying ahead in this dynamic landscape.
What’s the next play?
Stay sharp and ready for the opportunities ahead!
#SolvProtocolMegadrop
#BTCBelow92K
#BinanceAlphaAlert
A #DRIFlT short liquidation of $7.0532K at $1.45308 just took place.
The market dynamics are shifting, with #DRIFT making waves.
Keep an eye on the action, as volatility continues to shape the trading environment.
#SolvProtocolMegadrop
#BinanceAlphaAlert
#BTCBelow92K
The market dynamics are shifting, with #DRIFT making waves.
Keep an eye on the action, as volatility continues to shape the trading environment.
#SolvProtocolMegadrop
#BinanceAlphaAlert
#BTCBelow92K
🚀 Newly Launched Project Analysis! 🌟#DeFi x #Perpetual #DEX Project Drift Protocol (DRIFT) 📈
🚀 Dive into Drift Protocol: Revolutionizing Decentralized Trading on Solana 🚀
🚀 Let's dive into key features and potential of #DRIFT in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Drift Protocol is a decentralized exchange (DEX) on the Solana blockchain, focusing on non-custodial trading and perpetual swaps. Users can trade with up to 10x leverage in perpetual futures/swaps and up to 5x leverage in spot trading.
2️⃣ Technology and Features: Drift leverages Solana’s high-speed, low-cost transactions, featuring a cross-margined risk engine for enhanced protection and a Just-In-Time Auction mechanism for better order prices. Capital efficiency and user asset protection are key highlights.
3️⃣ Whitepaper Analysis: Built on Solana for speed and low costs. Non-custodial trading with a focus on perpetual swaps. Up to 10x leverage in perpetual futures and 5x in spot trading. Cross-margined risk engine for risk protection. Supports token swapping.
4️⃣ Use Case: Drift enables on-chain trading of perpetual futures with a cross-margined mechanism. Users can borrow at variable rates, stake for yields, and swap spot tokens, earning yield through lending. 💹
5️⃣ Team and Leadership: Co-founded by Cindy Leow and David, Drift merges CEX efficiency with DeFi transparency. The Foundation’s DAO administrator is Webslinger, and Matt Shaw is the independent Director. 👥
6️⃣ Partnerships: Backed by Multicoin Capital, Alameda Research, Jump Capital, LedgerPrime, Not3Lau Capital, QCP Capital, Robot Ventures, and ROK Capital, Drift has solidified its position in the DeFi space. 🤝
7️⃣ Security and Audits: Drift’s contracts were audited by Trail of Bits, with no high-severity flaws found. Subsequent fixes and mitigations were also reviewed, ensuring robust security. 🔒
8️⃣ Tokenomics: Maximum supply: 1 billion DRIFT tokens. with Circulating supply: 177.65 million.
9️⃣ Exchanges: DRIFT tokens are tradable on centralized exchanges like Coinbase, Gate.io, Bybit, HTX and BingX. The most active trading pair is DRIFT/USDT on HTX. 💱
🔟 Recent Developments: Drift recently conducted a token generation event, airdropping tokens to eligible Solana wallets. Following its Coinbase listing, DRIFT token made impact in industry. 🚀
1️⃣1️⃣Conclusion: Drift Protocol is a standout in the DeFi space with perpetual swaps, a cross-margined risk engine, and token swapping. Its strong partnerships and recent developments indicate a bright future ahead. 🌟
🌟 If You find this thread useful Repost it & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#CryptoSimbhaGems🦁🏹 #DeFiChallenge #Solana #drift #DEX $SOL $AAVE $JUP
🚀 Let's dive into key features and potential of #DRIFT in this captivating thread! 🧵👇
1️⃣ Introduction and Overview: Drift Protocol is a decentralized exchange (DEX) on the Solana blockchain, focusing on non-custodial trading and perpetual swaps. Users can trade with up to 10x leverage in perpetual futures/swaps and up to 5x leverage in spot trading.
2️⃣ Technology and Features: Drift leverages Solana’s high-speed, low-cost transactions, featuring a cross-margined risk engine for enhanced protection and a Just-In-Time Auction mechanism for better order prices. Capital efficiency and user asset protection are key highlights.
3️⃣ Whitepaper Analysis: Built on Solana for speed and low costs. Non-custodial trading with a focus on perpetual swaps. Up to 10x leverage in perpetual futures and 5x in spot trading. Cross-margined risk engine for risk protection. Supports token swapping.
4️⃣ Use Case: Drift enables on-chain trading of perpetual futures with a cross-margined mechanism. Users can borrow at variable rates, stake for yields, and swap spot tokens, earning yield through lending. 💹
5️⃣ Team and Leadership: Co-founded by Cindy Leow and David, Drift merges CEX efficiency with DeFi transparency. The Foundation’s DAO administrator is Webslinger, and Matt Shaw is the independent Director. 👥
6️⃣ Partnerships: Backed by Multicoin Capital, Alameda Research, Jump Capital, LedgerPrime, Not3Lau Capital, QCP Capital, Robot Ventures, and ROK Capital, Drift has solidified its position in the DeFi space. 🤝
7️⃣ Security and Audits: Drift’s contracts were audited by Trail of Bits, with no high-severity flaws found. Subsequent fixes and mitigations were also reviewed, ensuring robust security. 🔒
8️⃣ Tokenomics: Maximum supply: 1 billion DRIFT tokens. with Circulating supply: 177.65 million.
9️⃣ Exchanges: DRIFT tokens are tradable on centralized exchanges like Coinbase, Gate.io, Bybit, HTX and BingX. The most active trading pair is DRIFT/USDT on HTX. 💱
🔟 Recent Developments: Drift recently conducted a token generation event, airdropping tokens to eligible Solana wallets. Following its Coinbase listing, DRIFT token made impact in industry. 🚀
1️⃣1️⃣Conclusion: Drift Protocol is a standout in the DeFi space with perpetual swaps, a cross-margined risk engine, and token swapping. Its strong partnerships and recent developments indicate a bright future ahead. 🌟
🌟 If You find this thread useful Repost it & Follow us for More Latest Crypto Analysis, News, Updates & Crypto Insights @Crypto Simbha 🦁🙏🏻
#CryptoSimbhaGems🦁🏹 #DeFiChallenge #Solana #drift #DEX $SOL $AAVE $JUP
#DRIFT Long Liquidation: $19.744K at $1.17164
Action Alert: A significant $19.744K long liquidation of #DRIFT just occurred at $1.17164.
The market is shifting, and this is your chance to act!
Entry Point: Look to enter a long position around $1.17164, especially if $DRIFT starts to show signs of stabilization or bullish momentum after this liquidation event.
Target: Set your sights on a rally towards $1.2500. If momentum continues, $DRIFT could break through this level and push higher.
Stop Loss: Place your stop loss at $1.1400. If $DRIFT dips below this level, it could signal a potential reversal, triggering an exit.
Get ready for rapid action – #DRIFT is moving fast!
#BinanceAlphaAlert
#BTCNextMove
Action Alert: A significant $19.744K long liquidation of #DRIFT just occurred at $1.17164.
The market is shifting, and this is your chance to act!
Entry Point: Look to enter a long position around $1.17164, especially if $DRIFT starts to show signs of stabilization or bullish momentum after this liquidation event.
Target: Set your sights on a rally towards $1.2500. If momentum continues, $DRIFT could break through this level and push higher.
Stop Loss: Place your stop loss at $1.1400. If $DRIFT dips below this level, it could signal a potential reversal, triggering an exit.
Get ready for rapid action – #DRIFT is moving fast!
#BinanceAlphaAlert
#BTCNextMove
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