It's really explosive! This is a true story! Last night, I had dinner with a good friend, and I recommended a coin that made him money, so he treated me to dinner! He said his wife, who had run away for several years, suddenly came back and he kicked her out. What exactly happened? Let me tell you slowly...

A few years ago, this woman charmed my friend, who is my husband, and stole 300,000, leaving behind a 2-year-old child. In the first year, she underwent more than ten cosmetic surgeries, then worked in a restaurant, trying to flirt with the boss but failed. After that, she became a streamer for two years, during which she had in-depth conversations with the operations team and the big boss multiple times. After leaving the streaming industry, she started working and living with the deputy general manager of a decoration company. Later, the deputy general manager saw that he couldn't marry her, so he left her, and then she got together with the deputy general manager's driver. Not satisfied with the driver's conditions, she tried to steal money but was discovered, and it seems she got her legs broken by the driver. Then she borrowed about ten medical treatments for her legs, probably didn't get them fixed properly, and has some aftereffects. The previous ten or so treatments should have been used during her time as a streamer, and after quitting streaming, she probably used them up in about two years, during which she didn't call home even once or show any concern for her child. I don't know where I heard that my friend made a few hundred from trading coins, and now she wants to come back and reconcile with her husband while also asking him to pay off the debts.

My friend didn't earn millions, but he should have earned hundreds of thousands because the coin I helped him buy made him earn several hundred thousand. This coin is $DOLO. On July 5, at the 0.038 position, he gave me 100,000, and I bought DOLO for him. On August 27, when DOLO was listed on the spot market at Binance, taking advantage of the good news, I sold all of it at a price of 0.3 an hour before its listing on the spot market, returning around 800,000. I transferred all of it to him, and then he sent me 100,000 as a thank-you fee. Why did I pay attention to this coin? Let me share my logical perspective! #Non-farm employment data is coming.

This token @Dolomite airdropped to Binance Alpha on April 24, and at that time, I received 260 DOLO from the airdrop, which wasn't worth much at the time. Later, I often saw its updates on Twitter, joined the community, and quietly observed in the community. The atmosphere was quite good, everyone was building, and then it was mentioned that they received investment from a certain institution that would help them go public. After some analysis and observation over time, I decided to get in.

Let's briefly talk about what Dolomite does.

Dolomite is a decentralized finance (DeFi) platform that integrates the functions of DEX and lending protocols. In simple terms, it's a one-stop shop for 'trading + lending'. It runs on efficient Layer 2 networks like Arbitrum, Mantle, Polygon zkEVM, and X Layer, claiming to support lending and trading of over 1000 types of assets!

Dolomite's killer feature is its dynamic collateral system and virtual liquidity system. What does that mean? It means that when you put your assets in, you can not only earn lending income but also continue to trade, stake, and vote, making full use of the asset's potential! Other platforms can either lend or trade, but Dolomite seamlessly combines the two, maximizing capital efficiency! Moreover, its mobile experience is also very friendly.

Now let's look at the tokens. DOLO is the core of the Dolomite ecosystem, based on the ERC-20 standard, supporting cross-chain, and can be used on chains like Berachain, Ethereum, Arbitrum, etc. In addition to DOLO, there are veDOLO (governance token with voting rights and dividends when locked) and oDOLO (reward token). The whole token model is designed quite ingeniously, incentivizing users to participate in ecosystem construction.

The total supply of DOLO is 1 billion pieces, and the current circulation is about 442 million pieces, accounting for about 44% of the total. The total market capitalization is currently around 7.5 million USD, ranking 443.

DOLO's futures trading on platforms like Binance is quite active. Recently, Binance has added a VIP lending feature for DOLO, indicating that institutional interest in it is rising. The long-short ratio in the futures market shows that short positions have a slight advantage in the short term, but long positions have accumulated significantly around 0.17 USD, indicating that some players are betting on a rebound. Combined with the technical descending wedge, this wave of pullback may be the main force washing out traders, attracting more retail investors to sell before lifting prices.

What are the innovative highlights of Dolomite?

1. Strong asset support: Supports over 1000 types of assets, including complex yield-bearing assets and LP tokens, which is unique in DeFi. Other platforms may only support mainstream coins, but Dolomite allows you to play around with niche assets, maximizing flexibility.

2. Dynamic collateral system: Collateral assets can continue to be staked, voted, and earn yields without sacrificing the 'side business' functions of the assets, achieving extremely high capital efficiency.

3. Modular architecture: The underlying layer of Dolomite is an immutable 'core layer', and the upper layer is a variable 'module layer', which can quickly adapt to new trends in DeFi, technically very forward-looking.

4. Cross-chain + low gas fees: Running on Layer 2 networks like Arbitrum, with low trading costs and fast speed, and using Chainlink's CCIP to achieve cross-chain, providing a smooth experience.

5. Community-driven: The airdrop plan of DOLO and the governance mechanism of veDOLO enable deep participation from users, resulting in strong community stickiness.

Technical analysis: Current price support and resistance.

From a technical perspective, the recent trend of DOLO has a bit of a 'wash trading' flavor. The area around 0.17 USD serves as a short-term support level, indicating that there is some buying support in this area. If it drops below 0.16 USD, it may further dip to 0.14 USD, but at present, the support at 0.17 USD seems stable. As for the resistance level, 0.22 USD is a key point; breaking through here may open up upward space, with the next targets being 0.25-0.27 USD. Looking at the candlestick chart, DOLO has recently formed a 'descending wedge' pattern, with signs of increasing volume at the bottom. The MACD indicator shows that bearish momentum is weakening, and the RSI is around 40, in a neutral to low zone, indicating that it is not yet oversold but is close to the bottoming zone. If it can stabilize above 0.17 USD and break through 0.18 USD in the next few days, the probability of a short-term rebound is not small.

As an experienced player in the crypto space, I think Dolomite is an underestimated player in the DeFi race. Its technological innovation, asset support, and community incentives are very competitive, especially with the support of Layer 2 and the Berachain ecosystem, it may become a backbone of DeFi in the future. Although the current price of 0.17 USD is a bit sluggish, considering the technical aspects and on-chain data, this could be a good positioning window. The heated discussions on X also indicate that the market's attention towards it is warming up.

A single tree cannot make a forest, and a lone sail will not sail far! In the crypto space, if you don't have a good circle and no insider information, then I suggest you follow Xiaoxun, who will help you benefit without cost. Welcome to join the team!!!$BTC $ETH