Can squid coin be bottomed out for 20 cents? Is the ‘data steward’ of the Arbitrum ecosystem worth the gamble?
$SQD is the ‘blockchain data mover’ on the Arbitrum chain, specifically providing efficient data query services for DeFi and DApps, equivalent to a Google crawler for Web3.
With a market value of 146 million dollars and only 53% circulation, there is considerable potential selling pressure.
In the short term, it’s just a utility token that follows the Arbitrum ecosystem for a living; its rise and fall depend entirely on the big brother's mood. If ZK technology explodes, such underlying data protocols might quietly make a fortune, after all, no one can refuse ‘fast and cheap’ on-chain data services.
The market never thinks retail investors are guilty, it just finds them easy to deceive. Keeping up with @Crypto余辉 ’s rhythm can help you find hope for survival in this turbulent market, allowing you to position yourself early for the big market, and enjoy the spoils together!
