[Refining Trading]: Analyzing PENGU's Different Trends at Key Positions
In chart patterns, channels usually imply stability, such as triangular reversal channels and wedge reversal channels. Channel boundaries can generally serve as entry points for shorting & going long. However, a well-formed channel typically requires three points to determine a boundary. In the $PENGU so-called 'upward channel' chart, we can see that it has already failed, and at the second point. If we here use the lower boundary of the channel as a basis for going long, it actually carries the suspicion of predicting the market trend, as we firmly believe it will eventually form a channel. This is not advisable.
Governance is Power: How Pyth DAO Shapes the Future of Financial Data through Community Drive
In the traditional Web2 world, the fate of tech giants is decided by their boards and executives, while users are merely consumers of products. One of the core ideas of blockchain and Web3 is to disrupt this model and return power to the participants of the ecosystem. Pyth Network deeply practices this concept. It is not only a protocol that provides data but also a decentralized autonomous organization (DAO) jointly governed and owned by $PYTH token holders. This means that the future development direction of Pyth is no longer dictated by a core team but is shaped collectively by the community through collective wisdom.
Of course, you can walk the path you wish to take. However, once you are on the road, it may not be so easy to turn back; many things in life cannot be repeated.
In trading, there is no turning back, and it cannot be redone.
[Token Value Capture] $MITO is not just a governance token, but also the 'fuel' and 'treasury' of the entire ecosystem.
Whether a project can take off largely depends on whether its token economic model can truly capture ecological value. The design of $MITO aims to make it an indispensable 'blood' of the Mitosis network.@Mitosis Official #Mitosis Core utility of $MITO : Governance: By holding $MITO , you are a 'shareholder' of the Mitosis protocol. You can vote on proposals regarding key parameter adjustments, supported new chains, fee distribution, etc. This is the most basic function. Gas Fee: All cross-chain operations, such as generating mLRT, cross-chain messaging, etc., require $MITO to pay fees. This means the more active the ecosystem, the greater the demand for $MITO ! This is a huge value accumulation mechanism.
$PENGU In this wave of rising market, pengu also rose by 30 points. To be honest, it still fell short of expectations and did not show its own style.
Overall, the market began to weaken over the weekend. Next week, with the Federal Reserve's interest rate cut, many people will buy the news and sell the facts. In the past couple of days, it can also be observed that some varieties have started to be sold off.
In the coming week, speculation will become more intense, and it may turn into a highly volatile market. Those who are profitable should gradually take profits and close positions, avoiding heavy positions or high leverage. Be patient and wait for the market to stabilize before gradually increasing positions after clear signals appear.
【Earn a lot!】 Mitosis's 'Triple-Yielding' model, how can it help you win the next bull market?
Making money is the hard truth! The reason Mitosis is so exciting is that it has designed a revenue model that can be called a 'money printer'—Triple-Yielding. In traditional DeFi mining, are you grateful if you earn an APY of 10%? Mitosis lets you experience what it means to be a 'winner takes all': First layer of income: Base Yield This part is the money that your original assets should earn. For example, if you deposit in Uniswap V3 LP, you still earn trading fees. This part of the income is guaranteed and is your basic income. Second layer of income: Staking Rewards
Are institutions experiencing FOMO? A detailed explanation of the logic behind the recent institutional purchasing wave of SOL
Recently, the cryptocurrency market has been changing rapidly, and amidst this commotion, Solana (SOL) has quietly become the 'darling' of many institutional investors' asset allocation tables. A significant wave of institutional buying is occurring, which is not just a retail frenzy but also a deep layout by savvy capital behind the scenes. So, which institutions are 'buying, buying, buying'? What is the logic behind it? This article will provide you with an in-depth analysis. 1. Recent movements of major institutions at a glance In the past few days, market public information has shown that multiple listed companies and investment institutions have disclosed their strategic measures to increase their holdings of SOL, with frequent actions that are eye-catching:
$KAVA bought a bit, just like buying a lottery ticket. Maximum stop loss of 8 points, the ant position is acceptable. 🚀🚀🚀
Tyao沉思录
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Bullish
$KAVA The bottom has been consolidating for 300 days, and the position has been rising all the time, the structure convergence has reached its end. Binance platform has also launched the project ranking #KavaBNBChainSummer activity, I always have a feeling that @kava something is about to happen.
Twenty-some days ago I mentioned that $SOL is likely a head and shoulders continuation pattern, and the price would eventually break upwards, which seems to be correct now.
Looking at the entire mainstream coin market, $SOL is undoubtedly the brightest one, continuously pushing upwards, completely not giving a chance for a pullback entry.
I could not know about #SOL生态季节来了? before it showed its performance; I just scanned through other series coins in the SOL ecosystem, and the trends are mixed, with pump&ath performing quite well, but I still haven't seen the flourishing scene of a variety of series coins.
However, we still need to pay more attention to potential opportunities in the SOL ecosystem, such as bonk and wif, which can rise very aggressively; perhaps they will explode in the next few days.
Tyao沉思录
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Bullish
$SOL adds a weekly view, here I predict it is a head and shoulders continuation.
[Somnia Series II] The Island Dilemma: The Unsolved Mysteries of Web3 Games and the Metaverse
Amid the wave of blockchain technology sweeping the globe, Web3 games and the metaverse were once filled with high hopes, seen as the next disruptive digital frontier. We dreamed of an open, interconnected virtual world where our identities are unique, assets are free, and we can seamlessly traverse different digital experiences. However, after many years of development, reality has fallen far short of the ideal, and we seem to be trapped in dazzling 'digital islands.'
1. Glorious vision and stark reality The initial idea was beautiful: a blockchain-based game where players can truly own in-game assets (NFTs) that can be freely traded on the open market and even used across games. The metaverse is imagined as a new digital frontier co-created and shared by users.
$DOT After a major breakout of the triangle, it has turned into an upward channel on a smaller scale. Currently at the lower boundary of the channel, let's open a long position to test the waters. 🚀🚀🚀
For traders to succeed, the most important thing is to overcome oneself, that is to conquer the two fundamental flaws of human nature: fear and greed.
Investment is actually a process of spiritual elevation, a struggle against oneself, an internal and external conflict, and a process of humanity continuously surpassing itself and overcoming the shortcomings of human nature.
In many cases, psychological factors often play a decisive role in investment outcomes, and their importance even exceeds the combined effect of knowledge and experience.
Verifiable Trust: How Pyth Ensures Data Integrity and Transparency through Cryptographic Proof
In the digital age, trust cannot rely on hollow promises, but must be built on verifiable cryptographic proofs. The reason Pyth Network can become an institutional-level data source is not only because it is fast, but also because it is verifiable, auditable, and tamper-proof. It transforms the term 'trust' from subjective belief to objective verification through a sophisticated set of cryptographic and economic mechanisms, thereby ensuring the integrity and transparency of the data. The paradigm shift from 'trusting third parties' to 'verifying the data itself' Traditional financial data models rely on 'trust': you trust Bloomberg terminals, you trust Reuters data, because you have to believe that their data processing is an opaque black box. Even in some blockchain oracles, you also need to 'trust' that node operators will not act maliciously.
$VIRTUAL has arrived at the location, first enter a base position, then add after the breakthrough.🚀🚀🚀
Tyao沉思录
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Bullish
$VIRTUAL From a higher level perspective, the price trend is overall within a descending channel, currently rebounding from the lower boundary towards the upper boundary. After breaking through the middle track of the channel, it has started to consolidate horizontally, and it should continue to approach the upper boundary, about 18%.
At a smaller level, there is an expected bullish wedge on the 1-hour chart, combined with the current overall market recovery. If the price can return to the lower boundary of the wedge near 1.235, the plan is to enter a buy position.