5.22 Thought Analysis
This market really feels like two extremes.
Bitcoin is celebrating alone, breaking through $110,000, with a market share of 65%, while altcoins are still struggling in the mud, with the total market cap still 30% away from its peak.
To be honest, looking at those altcoins in my account, it really doesn't feel good.
But there are always opportunities.
The Haedal project in the Sui ecosystem is quite interesting. It gained decent traction after being listed on Binance. I studied it a bit; its staking model is the first of its kind on the Sui chain and is worth paying attention to. However, new ecosystems have significant risks, so I plan to test the waters with a small amount of capital first.
That AI coin Cookie is really surging. Their content point airdrop mechanism is quite clever, somewhat reminiscent of Kaito from back in the day. However, how long this model can last is a question mark; I plan to wait for a pullback before assessing.
The Buildon on the BSC chain is even more outrageous, multiplying several times in just a few days. The USD1 narrative is currently very hot, even World Liberty Financial is getting involved. But with Meme coins, you know, I'm not brave enough to go heavy, just looking to make some quick cash and run.
The most ridiculous is Ibrl, where the test coin can increase tenfold. Gavel's AMM designed to prevent sandwich attacks is indeed innovative, but a pre-sale amount of $5 million is a bit intimidating, so I choose to observe.
