Short Selling $ALPINE Analysis
ALPINE carries multiple risks and is suitable for short selling. In terms of token mechanics, the team and private investors hold a high proportion of tokens, with fast unlocks leading to significant selling pressure that can easily depress the token price.
Technically, the testnet performance is far inferior to the claims, there are numerous audit issues, and the risk of mainnet downtime is high, which cannot support the current valuation.
The competition in the space is fierce; compared to competitors like dYdX, it lacks innovation and liquidity advantages, and user growth is limited, making it prone to follow similar projects into decline.
On-chain data is alarming, with a decline in TVL and income that may not cover token emissions potentially leading to a vicious cycle. Involved in leveraged trading, it also faces compliance and delisting risks.
Short selling should take advantage of token unlocks and other selling pressure windows, and can be paired with long positions in ETH to hedge risks. Pay attention to related transaction fees; the downward trend in its token price is clear, making short selling a likely profitable opportunity.
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