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Have you noticed that making money this year is particularly difficult, even harder than during the three pandemic years? Every industry is struggling; businesses face closure, and workers face unemployment. More and more people are unemployed and in debt, and the number of people around me who have given up is also increasing. Last week, a friend asked me out for drinks and wanted to know what methods I might suggest for making money.
I'm just a regular crypto enthusiast, what options do I have? It's just about playing with coins. Recently, I looked at $LAYER this coin, and there may be some opportunities coming up, sharing my thoughts for fun. Everyone can take a look for entertainment, DYOR!!!@Solayer #BuiltonSolayer
From key nodes:
Initial listing period (February-May): Rapidly rose to ATH, increasing by over 500%, benefiting from the narrative of Solana's re-staking and CEX listing.
Medium-term correction (June-July): The price dropped from above $3 to below $1, affected by the overall bear market in the crypto space and project unlock pressures.
Recent performance (August): In the past 7 days, it has dropped by 8.3%, and 7.3% in the last 24 hours, with trading volume surging by 283% to $40.7 million, indicating increased short-term volatility, which may lead to sell-offs but also attract new buyers.
From a technical perspective, LAYER is currently in a weak consolidation phase:
Moving Average (MA): The short-term MA (7-day line) is below the long-term MA (30-day line), indicating a bear market signal, but a support level may be forming. Support is at $0.55, and resistance is at $0.65.
Relative Strength Index (RSI): RSI below 30 (oversold zone) is suitable for a rebound. If the MACD line crosses upward, it may signal a short-term reversal.
Trading volume and trend: The 24-hour trading volume has significantly increased, indicating a resurgence of market interest, but the price decline shows that bears are dominant. If the trading volume remains high while the price stabilizes, it may shift to a bullish trend.
Overall judgment of price trends
Short-term (1-3 months): Bearish, likely to fluctuate in the $0.50-$0.60 range or slightly dip, due to increasing circulation and recent correction inertia. However, with increased trading volume and overselling signals, there might be a rebound possibility. It is advised to pay attention to the support at $0.56; if it breaks, stop loss is recommended.
Medium-term (3-6 months): Neutral to bullish. If projects like native staking or the Emerald Card are successfully implemented, the price is expected to rebound above $1, similar to the peak in May.
The current price of $0.55 is close to historical lows, having dropped over 80% from the May high of $3.40. The technical indicators show overselling, and there may be short-term rebound signals.
Lastly, let's talk about the applications of Solayer:
First, let’s talk about Solayer's core ace in the hole—InfiniSVM.
What does this mean? Simply put, it's a hardware-accelerated super virtual machine, designed specifically for on-chain finance. When you're playing DeFi or trading, if the speed is as slow as a turtle, with a TPS of just a few thousand? InfiniSVM can directly achieve over 1M+ TPS! What does that mean? It processes over a million transactions per second and is infinitely scalable without lagging. Latency? Extremely low, essentially real-time so you won't feel the wait.
Secondly, why is Solayer called a pioneer in hardware-accelerated Layer 1?
This is not bragging; they are truly the first players to bring hardware acceleration to public chains. Traditional blockchains rely on software to pile up performance, which creates significant bottlenecks and makes scaling difficult. Solayer directly integrates hardware, and InfiniSVM acts like an infinitely scalable engine, processing data in real-time streams. Previously, DeFi faced lag and high gas fees, which made institutional big players uninterested. Now, Solayer's unlimited TPS and low latency allow institutions to confidently engage in large trades, such as high-frequency trading and real-time settlements. As institutional adoption rises, the entire ecosystem will explode, transforming DeFi from a retail game into a global financial battlefield.
Finally, it must be emphasized that the perfect synergy between the Emerald Card and InfiniSVM enables seamless payments.
The Emerald Card is Solayer's consumption card; it's not just for show. It is directly connected to the performance of InfiniSVM. When paying with the card, InfiniSVM's hardware acceleration ensures that transactions are instant, seamless, and painless. On Twitter, they are collaborating with WalletConnect to reward sSOL, sUSD, and LAYER holders, promoting this ecosystem. Seamless payment is not a dream; Solayer makes on-chain life as routine as using Alipay.
Disclaimer: This article is personal analysis and does not constitute investment advice. Investment carries risks, enter the market with caution! DYOR!
