$NEWT
Last night's newly listed pre-market contracts
are for chain abstraction.
The prices of coins in this category are generally low
because the market demand for this type of technology is low.
This has been verified.
Suddenly, a new token with a market cap close to 300 million appears,
which does not align with the value of such projects.
There was no public financing; it's all from the parent company Magic (a well-established wallet provider),
so the chips are very concentrated, and we should consider this market cap.
Clearly, this project is something Magic created to monetize,
which reflects dissatisfaction with the current market,
doing it to avoid main coins while trying to make money quickly.
Originally, I was bearish on these types of coins,
but there are signs suggesting it might be listed on Korean exchanges,
so we can cautiously place a long position with a light load.
If you don't understand, please do not play around on your own.
Let's strategically invest in ETH, BTC, WIF together!!
