Binance Alpha Coin Analysis - $K

✨ Recommendation Index: ⭐️⭐️⭐️

📖 Project Introduction: Sidekick Protocol is a one-stop live trading platform where anyone can share real-time market insights and trade digital assets instantly. By combining interaction with immediate trading, Sidekick enables millions to easily connect, trade, and seize emerging opportunities.

🙎 Team Analysis: Domestic Team

💰 Funding Information: Received investments from Binance Labs and other institutions, the amount is not disclosed and should not be high.

✅ Positive Views:

1. Sidekick_Labs has potential in the live streaming field and is considered a leading project in Web3 live streaming.

2. Its airdrop incentive strategy has attracted a large number of users and streamers, especially providing substantial returns for early participants.

3. The project enhances user engagement through live streaming, interaction, and events, creating a positive community atmosphere.

❌ Negative Views:

1. The airdrop distribution of Sidekick_Labs is controversial, being questioned for having “insider trading” and unfair phenomena.

2. The project has shown a lack of confidence during its listing on exchanges, and the token price started in line with VC token characteristics, posing a risk of decline.

3. Users have complained about issues with the Kaito airdrop mechanism, affecting confidence in the project, and the project faces technical challenges and unclear market positioning.

📈 Token Performance: Continues to decline at high levels, market capitalization 31.32M, holding addresses 1263, liquidity 1.02M is relatively sufficient.

📌 Project Analysis: Live streaming track, there are real players, but the product still needs refinement, and there were many airdrop coins in the early stage, leading to a continuous decline in the coin. However, the initial circulation of the coin is only a little over 11%, and if the major player wants to manipulate things, they will definitely need to buy back the airdrop chips at a low price and then sell them at a high price. Therefore, wait for the K-line to stabilize for 4 hours before entering a position to bet on a rebound.

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