Binance Alpha Coin Analysis - CYC
✨ Recommendation Index: ⭐️⭐️⭐️
📖 Project Introduction: Cycle Network is a comprehensive trustless distributed ledger supporting all BTC and EVM networks, allowing developers to create their dApps on a new layer without having to recreate code on different chains.
🙎 Team Analysis: A domestic project established in 2023, L2 track
💰 Financing Information: Raised several million, specific amount unknown, led by Summer Ventures* and Xiangfeng Investment*
✅ Positive Viewpoint: Binance has invested a bit, the project is relatively reliable
❌ Negative Viewpoint: The community airdrop coins are too few, not as many as alpha, infrastructure projects have limited income, the project team has little money, and there is limited price manipulation
📈 Token Trend: Slight rebound after opening, now back to the opening price, market cap of $9.3M, 1800 holding addresses, ample liquidity of $1.2M.
📌 Project Analysis: Slight rebound after opening followed by a decline, valuation is on the high side, currently not recommended for purchase, consider waiting for the 4-hour K-line to stabilize before reevaluation
