#Blockchain [Super Topic]#
Let’s briefly talk about the recent Trump Coin, hahah. The biggest trend lately has been the speculation around Trump’s WLFi, which was hyped last year and continues this year.
Previously, it was the TRUMP coin, which saw a violent and cruel surge from a low point. This market has both losses and gains; some people have become overnight millionaires. With the Trump family backing WLFi, it naturally attracts a lot of attention.
WLFI was listed on Binance Futures on August 23rd, so friends who trade futures can start operations now! The spot trading will officially launch on Binance on September 1st. Here, I’d like to share my thoughts: once WLFI goes live, there will definitely be a significant amount of retail investors selling to take profits, but there will also be many retail investors buying in. After all, the excitement is there; it might surge quickly like TRUMP and could also experience a violent harvest like TRUMP!
The WLFI that was originally scheduled to unlock next year is now being unlocked early. This is actually understandable; unlocking will lead to selling pressure in the market. Conversely, it has its pros and cons. After so many years of speculation, it’s still driven by the Trump family. This might be an early negative news release to create market speculation. The futures opening price was 0.2, with a maximum daily rise of 0.55. It’s not like it will immediately shoot itself in the foot. The 0.5 position is definitely not the highest point for the spot market. I suggest that after the spot market goes live, it could be a good entry between 0.25-0.3. There is still a great hope within 1 dollar. As for higher prices, it depends on the market. I estimate this wave of excitement in September will blow up the entire internet $WLFI