Daily Virtual @virtuals_io Review Check-in

Today's keyword is "Cautious Development"

Yesterday's post mentioned that one of the important factors for the current rise of virtual is the over-subscription multiple.

Here's an example!

Yesterday's $BIZ over-subscription multiple was 13.45 times

The rise was almost 27X

Today's $VIRGEN over-subscription multiple is 14.84 times

Initially around 16X, and after pulling up, the peak rise was about 30X

Although there is still some gap compared to the high multiples of $AXR before, the chip structure from the front row holdings is not that good.

Today's decision still did not result in any investment.

1⃣️ Because the point confirmation is too low, the rewards from yesterday were not issued, and today the income is only 2000. It feels like the cost-performance ratio is not high to invest.

2⃣️ Due to my own investment decisions, I feel that the over-subscription multiple has indeed not met my expectations. Moreover, the structure of the front row holdings of the project is not very good. It seems that the likelihood of reaching expectations after the project unlocks is low.

3⃣️ In the past two days, high over-subscription multiple projects have gathered, which has led to a surge in chips locked for the project, and this is also somewhat beneficial for the "all-in" on quality projects in the later stages.

Reflection

The over-subscription formula can still be used, and multi-dimensional research is needed for project control. Good projects can pursue highs in the secondary market under the assumption of not dumping.