Brothers, this is incredible. NOT launched bn and ok simultaneously last night, and its market value exceeded 1 billion US dollars after launch. 1 billion US dollars, that’s more than 7 billion RMB!
Many fans were eager to try it out and asked Tangren many times: Can this project be played?
Not is regarded as the Meme of the Ton ecosystem. It is backed by 900 million users on the Airplane platform. The gameplay is very simple. You can start mining by just clicking on the phone screen.
Because it is a new concept project of gamified mining, it has been favored by major exchanges since its launch. However, (pay attention, the turning point is coming!)
Let’s first look at its token distribution: 78% of the Not share tokens are allocated to miners and VCs, while the remaining 22% are used to attract new users, traders, and support online activities.
See, brothers, this is another project with highly concentrated chips. In the previous article, Tangren said that the most embarrassing thing about this kind of VC project is that everyone is unwilling to take over from each other, the liquidity is poor, and the project party is too lazy to do anything.
Looking at the projects launched by BN and OK in the past two months, 99% of them reached their peak upon launch, and kept falling below their issue price to make money. The three-foot-thick ice does not form overnight, so why are people unwilling to take over?
You can fool me once, fine, I am too naive. You can fool me twice, fine, I am careless. You can fool me three or four times, and I can still be fooled. Unless my cerebellum is atrophied, why would I be willing to be fooled all the time, right?
Now it seems that NOT has a market value of 1 billion US dollars! Brothers, how can a project that has neither amazing technology, nor a grand narrative, nor the support of top VCs, and even a blank white paper, have the nerve to have a market value of 1 billion?
The reason why this kind of project, which has no fundamentals at all, can be listed on a big exchange is that it has the support of the Airplane Platform user community. But relying solely on this point, brothers, unless your money comes from a strong wind and you can take a chance, I would not dare to go for it.
Yesterday, many nitpickers criticized Tangren for exaggerating the situation. They even opened short orders against him. As a result, the market quickly pulled back due to a wave of false shorts. In just 4 hours, they liquidated more than 50 million US dollars. How exciting is that!
Looking at yesterday's ETF data, it is not difficult to find that funds have begun to pick up. Yesterday, institutions including Grayscale all rushed to buy, with a total inflow of 3,942 coins and a net inflow of US$257 million.
The net capital inflow for four consecutive days indicates that market investors are beginning to become optimistic, macro-concerns are easing, the capital inflow trend is gradually increasing, and market demand remains strong.
Continuing the viewpoint of yesterday's article, it is not suitable to make any moves in the near future, as the energy of the negative news has not been completely consumed. The subsequent market situation needs further observation.
Tangren's interpretation of the market:
Big Pie: It rose and fell today, and stood at the high of 66,000 again in the evening. Judging from the amplitude of the correction, it is within the normal range. The confirmation stage of the retracement after the breakthrough is to better challenge the pressure position of 67,500 above. Judging from this rise and fall, the bulls’ energy is somewhat weak, and they need to accumulate momentum in the next stage before launching a wave of offensive.
Judging from the current situation, there is a high probability that the price will continue to rise and hit the upper pressure level. However, the large level is still in a high-level oscillation range. The market does not have the conditions for a big rise in the short term. Therefore, it can also be considered as an opportunity to buy low and sell high.
Auntie: The exchange rate has reached a new low, and the trading volume has been surpassed by Solana. Auntie is adjusting in a downturn. The momentum depends on whether the ETF can pass the approval. The upper pressure level is 3050 and the lower support level is 2950.
In terms of copycats: the market trend is weak and has been severely drained by the mainstream. Most copycats are at low prices. During the adjustment period, those who are able to select high-quality targets can lay out an ambush in advance.
Tangren talks about strategy:
Good opportunities are earned through perseverance and hard work. Looking back over the past month, Tangren's articles gave entry signals at the turning points of the market on April 3, 13, and May 1. You can find proof if you look through previous articles or in the Tangren community. The most recent one was on May 11 when the market fell to around 60,000 points again, and everyone got on board again. Those who listened to the advice basically made a profit. It's not because Tangren is so great, but because he knows how to respect the market and follow the trend.
Strategy 1: Sol performed strongly today, with the price reaching 170, completing all short-term delivery targets.
Strategy 2: The SSV ambushed on May 16 performed well, so continue to observe. The current price is 39.8, the short-term target is 54, and the long-term target is 180.
The article has a time limit. The real-time strategy of each day will be announced in the Tangren Strategy Group. If you are interested, follow Tangren, Jiazuo Wei, and leave your ideas in the comment area. Let’s play and make money in the crypto circle together.
The essence of Tangren’s trading strategy: The first step is to determine the trading cycle, the second step is to confirm the trading direction, and the third step is to formulate a trading plan. The plan must clearly state: where to enter, why to enter, how much to enter, how to exit, where to exit, and why to exit?
What should you do if you get the market right? What should you do if you get it wrong? If you don’t understand the market, don’t give yourself problems.
Each of my plans includes three predetermined results: exit with a stop loss, exit with a breakeven, and exit with a profit. Regardless of the result, I will review and summarize the gains of this plan after the plan is completed.
