It's true! I made a bit of money in the first half of this year, not much, just a few hundred, and I bought a Land Rover. I don’t know who spread the rumor that I made a lot of money, but the matchmaker started introducing girls to me, and my family is also pushing for marriage, it's so annoying. I told the matchmaker to bring me as many suitable girls as she had, and I would take a look. If any are suitable, I would decide then. That day, the matchmaker brought a few girls and lined them up. I habitually said, 'Change the batch!' To my surprise, two of the girls actually bowed to me! WTF? I was stunned... Those two girls hurriedly ran away.
What happened afterward? I can't say, you'll have to imagine! Hehe~~ If you ask me how I made this money, I can share with you:
Binance airdropped a token $LAYER to BNB holders on February 11, and also launched it on the spot market. I also received some tokens, which I sold at opening for over 1000 dollars. Later, while scrolling through Twitter, I frequently came across discussions about this token, so I added it to my watchlist and checked its candlestick chart during my free time.
March 4: Solayer Labs released a thread announcing the official launch of the native SOL staking feature, emphasizing that users do not need to receive LRT/LST tokens to directly earn 12% returns, attracting many institutional users. On this day, the airdrop for LAYER tokens also ended.
When I combined these two pieces of news, a voice in my head told me that the opportunity had come! Over the next week, I searched for news about LAYER @Solayer every day, participated in community discussions, studied its candlestick trends, and finally, on March 11, I saw the 4-hour chart showing a breakout. I decisively opened a long position of 120,000 USD with 20,000 USD at a 6x leverage at a price of 0.88, and set a stop loss at 0.8. After that, the price just kept rising. On May 4, when it peaked again, I closed all my long positions at a price of 3.2, and after deducting the principal, I surprisingly made a profit of around 400,000 USD. Why did I dare to get into LAYER? It’s because I had studied it for almost a month.
First, let's talk about Solayer's core killer feature—InfiniSVM.
What does this thing mean? Simply put, it is a super virtual machine accelerated by hardware, specifically designed for on-chain finance. When you're playing DeFi or trading, if the speed is as slow as a turtle, TPS (just a few thousand? InfiniSVM directly achieves over 1M+ TPS! What does that mean? It means processing millions of transactions per second, and it is infinitely scalable without stalling. As for latency? Extremely low, basically real-time to the point where you don't feel the wait.
Secondly, why is Solayer considered a pioneer in hardware-accelerated Layer 1?
This is not bragging; they are indeed the first players to bring hardware acceleration to public chains. Traditional blockchains rely on software to stack performance, which has significant bottlenecks and is difficult to scale. Solayer directly uses hardware, and InfiniSVM acts like an infinitely scalable engine, processing data in real-time. Previously, DeFi was lagging and gas fees were high, which dissuaded institutional players. Now, Solayer’s infinite TPS and low latency allow institutions to confidently engage in large trades, such as high-frequency trading and real-time settlements. As institutional adoption increases, the entire ecosystem explodes, transforming DeFi from a retail game into a global financial battlefield.
Finally, it is important to emphasize the perfect synergy between Emerald Card and InfiniSVM, achieving seamless payments.
The Emerald Card is Solayer's consumption card. This card is not just for show; it is directly connected to the performance of InfiniSVM. When paying with the card, it relies on the hardware acceleration of InfiniSVM, ensuring transactions are instant and seamless. On Twitter, they collaborated with WalletConnect to reward sSOL, sUSD, and LAYER holders, promoting this ecosystem. Seamless payments are not a dream; Solayer makes on-chain life as routine as using Alipay.
Today I brushed up on LAYER from the square again. Wow, it's hitting new lows, down to 0.56. Let's take a look from a technical perspective to see if this thing can be played?
From the key points:
Initial listing (February-May): The price quickly rose to ATH, increasing by over 500%, benefiting from the Solana re-staking narrative and CEX listing.
Mid-term pullback (June-July): The price fell from above 3 USD to below 1 USD, influenced by the overall bear market in the crypto space and project unlocking pressure.
Recent performance (August): It has dropped 8.3% in the past 7 days and 7.3% in the last 24 hours, with trading volume surging by 283% to 40.7 million USD, indicating heightened short-term volatility, potential sell-offs, but also attracting new buying interest.
From a technical indicator perspective, LAYER is currently in a weak consolidation phase:
Moving Average (MA): Short-term MA (7-day line) is below the long-term MA (30-day line), indicating a bearish signal, but a bottom support might form. Support is at 0.56 USD (near ATL), resistance is at 0.65 USD (7-day high).
Relative Strength Index (RSI): RSI below 30 (oversold zone), suitable for a rebound. If the MACD line crosses upward, it may indicate a short-term reversal.
Trading volume and trend: The 24-hour trading volume has surged, indicating a rebound in market interest, but the price decline shows bears are in control. If trading volume remains high while the price stabilizes, it may shift to a bullish trend.
Overall judgment on price trends
Short-term (1-3 months): Bearish, it may fluctuate or slightly dip in the range of 0.50-0.60 USD due to increasing circulation and the inertia of recent pullbacks. However, with increased trading volume and oversold signals, there is a possibility of a rebound. It is recommended to pay attention to the support at 0.56; if it breaks, set a stop loss.
Mid-term (3-6 months): Neutral to bullish. If projects like native staking or Emerald Card are implemented positively, the price is expected to rise above 1 USD, similar to the peak in May.
The current price of 0.57 USD is close to the historical low, having fallen over 80% from the May high of 3.40 USD. The technical indicators are oversold, and there may be signs of a short-term rebound. With the technological advantages of InfiniSVM, the long-term potential is significant. If I were to buy, I would do it as follows.
Total position ratio: I will invest 5-10% of my total funds into LAYER for bottom-fishing.
Build positions in batches:
First batch (30% position): Buy at the current price of 0.57 USD, if it holds the 0.56 support, confirming the bottom.
Second batch (30% position): If it drops to 0.52 USD (predicted low), add to the position.
Third batch (20% position): If it drops below 0.50 USD (extreme case), add a small amount to the position, set the stop loss at 0.48 USD.
Keep 10% liquid funds: Wait to add positions after breaking the resistance at 0.65 USD, confirming the upward trend.
Stop loss: set at 0.48 USD (15% below ATL) to prevent black swan events.
Take profit: staggered take profit—sell 10% at 0.65 USD, 20% at 1.00 USD, and gradually sell off above 1.50 USD.
Disclaimer: This article is only personal analysis and does not constitute investment advice. Investing carries risks; proceed with caution! DYOR!
