Institutional Perspective on Alpha New Project Succinct
@SuccinctLabs
TL;DR:
1. The table is great, connects well to the heavenly court with grand slam expectations.
2. All-white team has secured key individuals/resources.
3. The airdrop is not generous; control over funds is expected to be strong, similar to $LA
@lagrangedev
4. The team background is very strong.
5. If you want to make a low-position value investment in this project, an FDV below 400 million may be a relative trading opportunity.
6. I expect it to open high and hover around 800-1 billion USD, this is DYOR.
7. The sub-project is also attempting to enter the stablecoin market, planning to embrace the 250 billion USD stablecoin trading market. The sub-project is called MYNT
@MyntUSD
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A bit longer version
1. The table is great; Paradigm, Bankless, Robot, and several top crypto project founders participated in the A round, raising a total of 43 million USD. The lead investment valuation is trustworthy at about 300 million USD, with a relatively low bubble degree.
2. Almost an all-white team, did not find a Chinese agency for promotion, very few hard ads.
3. Secured key individuals and resources, expected to achieve a grand slam.
4. In terms of narrative, ZK is relatively weak, but fortunately, the airdrop is not generous; control over funds is strong, similar projects can refer to $LA
@lagrangedev
5. Overall team background is very good, with potential Wall Street connections. The head of ECO was previously at Galaxy, the head of growth was previously at Uniswap, and the co-founder was previously at Coin and Robinhood. Wall Street and Silicon Valley resources can be expected.
6. Expected to open high, with a cap of 1 billion.
This message remains DYOR.
