Talking about altcoins, to be honest, the performance of altcoins has been okay these past few days. Although they have also fallen, at least they haven't dropped excessively. It's clear that the altcoin whales and project teams don't want to kick someone when they're down and feel that the prices are too low, not wanting to take losses. This is actually a good thing; at least it lets us know that as long as the overall market remains stable, altcoins have hit the bottom. It can't be that the overall market rebounds, and only then do altcoins think about dropping. I still believe that there will be a wave of market activity for altcoins in December, and this time I think we really need to seize the opportunity. In the future, there’s basically no possibility for altcoins on CEX to rise again, unless they are universal infrastructure projects or have self-sustaining projects; the rest will just consume themselves without any investment value.

What we really need to focus on are value coins, those that can withstand bull and bear markets; the others should be given up sooner rather than later. Also, the recent primary market is quite grim. Last night, Bob was directly halved and broke its initial price, and this was after listing on CB's spot market. Gaib and Nil have also seen market makers fleeing and crashing the price. You can't even trust the circulation promised during the IDO; there's inexplicable selling pressure that you can't trace.

Then there's Monad, which ends in a day. It's still not fully funded, and the lowest price on Hype has dropped to 0.03, which means a 30 billion FDV. The IDO on CB was 25 billion FDV, and many who invested are panicking. On Polymarket, the prediction that Monad will receive funding exceeding 300 million has only a 40% chance, meaning it's likely to be oversubscribed within 2x. If this project breaks its initial price, then forget about playing with CB's launchpad in the future.

Additionally, many projects recently launched on Binance's spot market have broken their initial price. The one I know of, Enso, had a financing price of 1.25 and is now at 0.75.

In short, even the most promising projects shouldn't be held onto too tightly; take advantage of the hype to sell quickly. While writing this, Bitcoin dropped to 82,000, and the entire network has liquidated 2 billion. In this market, absolutely avoid leverage; if you're bottom-fishing, it's best to dollar-cost average. The real bottom hasn't even formed yet. #美国非农数据超预期 #