Hey everyone, today I have to share the big news from the cryptocurrency world! Recently, the SOLV project was just launched on Binance, and it has caused quite a stir.
This SOLV claims to be a BTC staking project, but what happened? They actually found a wealthy woman holding 1800 BTC to 'contribute' to the TVL. Don’t be fooled by the word 'contribute'; in reality, she just authorized a permission. Her BTC is without risk. But if we retail investors follow suit and stake, that could be dangerous. Once we encounter a hacker attack or if the project team runs away, we could lose everything! Later, it was also because the wealthy woman felt that the coins offered by the project team were too few, leading her to defend her rights and exposing this false TVL. This situation fully illustrates that in the cryptocurrency world, project teams and major holders are often unreliable; we retail investors must not be taken for fools!
From the dark side of the SOLV project, we can see how deep the waters are in the cryptocurrency world. Therefore, I want to share with everyone the survival strategies for retail investors. First, when it comes to new coins from major exchanges, don't blindly chase after them. Just like the recent BIO, those who bought in early have already made 20 times their investment, and if we buy in now, we're likely just going to be left holding the bag. If you find the secondary market hard to navigate, then don't force yourself to play. Instead, look for those newly listed or old coins that have undergone thorough market washout; they tend to be relatively safer. Before investing, make sure to do your homework and understand the project's background, team, technology, etc.; don't just look at surface-level promotions and short-term price increases. At the same time, always stay vigilant, don't let high returns cloud your judgment, and have your own assessment and risk tolerance.
Now, let’s talk about the market. In the past few days, there have been signs of a rebound in the cryptocurrency world, and the exchange rate of Ethereum has also risen a bit, but Bitcoin is still hovering below 100,000. Under these circumstances, continuing to use swing trading is a wise choice. Moreover, there are a number of positive news coming in January. The compensation from FTX is about to arrive; the revised restructuring plan submitted by the U.S. cryptocurrency exchange FTX to the U.S. bankruptcy court indicates that once all asset sales are completed, there will be between 14.5 billion to 16.3 billion dollars available for use, and the vast majority of customers may receive 118% of their claim amount as of the day FTX filed for bankruptcy protection, which will undoubtedly inject a shot of adrenaline into the market. Also, Trump's inauguration is analyzed to potentially drive institutional funds to continue actively investing in the cryptocurrency industry. Therefore, regardless of how the market fluctuates, 2025 is still worth looking forward to; everyone should buy on dips and swing trade to seize opportunities.
In summary, while the cryptocurrency world is full of opportunities, it also comes with immense risks. I hope everyone can maintain a clear mind in this market, invest cautiously, and protect their assets. Remember to like and follow; I will continue to bring you the latest news and investment advice from the cryptocurrency world!