$ZORA
Crazy downward pinning wash, why still hold it.
Holding ZORA is really optimistic about Coinbase's operation (AERO Mode) and ZORA's flywheel (VIRTUAL Mode)
Look at ZORA's current trend, it's just crazy, constantly pinning down, but the price is slowly rising. With this price trend, I personally feel quite bullish. It feels like the main force is crazily washing the market, shaking out those uncertain retail investors, and when the K-line starts to accelerate upward, that’s probably ZORA's short-term peak; I've already sold part of my position.
Now let's talk about Coinbase. Its overall strategy is very clear; it wants to use the base app to attract more users. And ZORA is a means to attract creators and their fans. Coinbase supports the base chain, which is also a crucial part of its overall strategy.
So, choosing such targets is actually quite simple; just follow Coinbase's steps, picking those products that may benefit or could become core features of the base app. However, one thing to keep in mind is that although it looks like a wash now, we can't let our guard down, as the market can be quite unpredictable.
Moreover, even if ZORA is currently a means for Coinbase to attract users, we still need to observe the actual reactions from creators and fans. If the attraction is insufficient, the previous expectations may not materialize. But anyway, my current view on ZORA is still quite positive.
However, the uncertainty in the crypto market always exists, and several potential risks need to be cautious of:
Intensified ecological competition: If ZORA's user growth rate does not keep up with competitors, the “flywheel” may not turn.
Overall market environment dragging down: If the overall market (like BTC, ETH) experiences a systemic decline, even if a single project's logic is good, it may still collapse due to sentiment; the “pinning rise” pattern may fail.
“Expectation fulfillment” after short-term acceleration: Pay attention to whether the “acceleration” signal is accompanied by “favorable news exhausted”
