$SAHARA
Alpha this coin, the pre-market price is 0.14 USD.
A total of 10 billion coins issued, at this price, the entire market cap (FDV) is 1.4 billion USD.
It previously raised nearly 50 million USD, with a valuation of around 600 million USD at that time.
Now it has jumped straight to 1.4 billion, indicating that the opening price is quite high, significantly more expensive than before.
Is it expensive compared to peers?
Now this valuation (1.4 billion FDV) is almost catching up with the leader in the AI agency sector, Virtuals (FDV 1.6 billion USD).
Virtuals has a stable position in the industry, and Alpha is close to it right from the start, indicating that the market has high expectations for Alpha, but it might also be a bit 'overvalued'.
Why is it so strong?
Perhaps because it is going to multiple exchanges!
I heard that it will not only be listed on Binance Alpha but may also simultaneously list on the South Korean exchanges UPbit and Bithumb (the 'Humb' you mentioned should refer to this), even Coinbase is expected to list it tonight?
If all this comes true, it means major exchanges are collectively supporting it, and the hype will definitely explode.
But be careful, good news can turn into bad news!
Short term: After listing and issuing airdrops, some people may sell off to cash out ➜ the coin price may drop first (short term).
Afterward: If the project has substance, after the drop, some may buy the dip ➜ the coin price may rebound (long term).
The key is whether the price can stabilize at a 1 billion USD market cap (corresponding to a coin price of about 0.1 USD).
If it can't hold, it may continue to drop.
Operation advice: Go short boldly above 0.16
If the coin price rises to 0.16 USD (corresponding to FDV 1.6 billion), which is more expensive than now,
then decisively short! Because at this position, the risk far exceeds the opportunity,
good news is exhausted + bubble is obvious, high probability of correction.
