Let's briefly discuss the market trend; the Nasdaq fell due to disappointing performance from major U.S. tech companies and election risks in the U.S.
Thus, the cryptocurrency market also followed suit, experiencing similar fluctuations. The upward trend still exists, and how it fell is how it will rise again; as the election approaches, be cautious with leverage and patiently wait for the wind to come.
Yesterday morning, ACT deployer apm sold all tokens worth about $1 million in a single transaction.
There was a correction of about 60% from top to bottom, but then we saw a strong reversal.
Although in a downtrend, concerns about oversupply have completely disappeared.
Currently, ACT has one of the most powerful communities I have seen in the crypto space, and I don't think the deployer selling all the tokens it held led to the project's failure.
Let's take a look at what happened in the past WIF; the developer's sell-off completely ignited it, which is why the community is everything.
Raydium truly deserves the title of king of utility, completely unaffected by the market trend, starting to head towards ATH on its own.
The income-based token buyback for RAY currently accounts for about 15% of the circulating supply, so they buy 150,000 to 200,000 RAY daily.
In this cycle, SOL has performed far better than ETH, while Raydium is essentially UNI on the Solana chain.
The biggest difference is that they share income with token holders through buybacks:
• Team tokens have been fully unlocked
• Investor tokens have been fully unlocked
The only tokens entering circulation are rewards for staking and liquidity providers.
Both of these are favorable for Raydium, and more importantly, the current RAY buyback rate far exceeds the emission rate, with a promising future.
Below are 10 low-key and useful crypto tools (most are free):
1. ScopeProtocol - Better manage your portfolio and positions using artificial intelligence + token discovery.
Portal: ai.0xscope.com
2. RootDataLabs - Lists 'hot' projects based on sentiment and its algorithm; I browse it to ensure that hot protocols are within my focus.
Portal: rootdata.com
3. Coinglass_com - Mainly used for ETF data analysis. But it can also be used for data points related to exchanges, such as financing rates, options ratios, etc.
Portal: coinglass.com
4. GeckoTerminal - I replaced DexScreener with this, developed by the same team as CoinGecko.
Portal: geckoterminal.com
5. Etherdrops_bot - A Telegram bot for monitoring cryptocurrency prices and tracking wallet activity.
Portal: t.me/drops
6. Crypto_Dealflow - You can use it to track the protocols that have recently raised funds from VC, somewhat like the old Dove Metrics.
Portal: crypto-fundraising.info
7. DeFi - You can input a smart contract address, and it will analyze the risks and vulnerabilities of different smart contracts to prevent you from being attacked.
Portal: de.fi
8. BubbleMaps - Visualized on-chain analysis; if you're interested in meme tokens, this is a must.
Portal: blockworksresearch.com
9. Parsec_finance - Real-time whale alerts and token swaps, allowing you to build custom dashboards.
Portal: parsec.fi
10. OctavFi - Wallet dashboard. Their user experience/interface is the easiest for my accounting team to read and understand.
It has saved me a lot of time since I don't have to explain what each small transaction is.
Portal: octav.fi
I didn't mention more popular tools in the market, such as DeFiLlama, Dune, DeBank, Kaito, etc., because I wanted to focus on smaller projects that everyone may not be familiar with.
Risk warning: Meme coins are highly volatile, be cautious when chasing highs! The above is for information sharing only, not investment advice; readers should comply with local laws and regulations.
