After the two-year bear market, let’s talk about the TOP3 of this bull market
1. Bitcoin
When talking about Bitcoin, I tend to start with BTC Dominance (Bitcoin market capitalization ratio).
In the bull market after 2017, BTC.D reached a peak of around 70%. During the bear market, the lowest hovered around 40% and bottomed out. It is currently at 54%, gradually rising.
This is also what many people think is an indicator for judging the bull market stage - until BTC.D does not surge significantly above 50%, it is the beginning of the bull market.
What is different from this round is that during the previous bull market, the popularity of Bitcoin was in the public opinion war with the forked coins-BCH and BSV, and the real and fake Satoshi Nakamoto. In addition, it was gradually accepted by mainstream investment institutions, and micro-strategy , Sister Mumu and Elon Musk’s outings bring goods.
Currently, @injective's most core unlaunched token ecological product Dex — @HelixApp_ has already launched NVIDIA, Tesla, and Coinbase stocks; today, it has also added gold, which has been breaking ATH for the past few months, with over 400,000 in trading volume in just a few hours. Of course, the most popular are still NVIDIA and Coinbase stocks.
Recently, many Trade Farmers have been crazily racking up points on products like / @Aster_DEX / @Lighter_xyz / and other Perps.
Helix, which spans multiple varieties (gold/forex/Crypto/stocks/Everything), is feature-rich (leaderboard/OLP/trading bots) yet little known.
Injective announced a brand update earlier this year, defining itself as the first and only financial blockchain.
To achieve this goal, this Layer 1 that has crossed multiple bull and bear cycles is "searching up and down".
Upward — After the crypto-friendly government of Trump came to power, @ericinjective has maintained close communication with U.S. government agencies, participating in events from the Crypto Ball before Trump took office to meetings with the new Senate Banking Committee on Digital Assets led by Chair Lummis, and joining the American Blockchain Association. Eric, with his Asian face, has been able to navigate between New York and Washington with @injective.
Downward — Infrastructure upgrades. MultiVM — Whether EVM, SVM, or Wasm, developers can build various applications on Injective: Tokenized assets/AI Agent (DeFAI type)/DeFi/stablecoins/PayFi @ericinjective's ambition is for Injective to be seen wherever finance occurs.
In any case, I believe that @HelixApp_ holds the most critical position in the current Injective ecosystem. If you have ever been part of Ninjia, you're welcome to come back and see the new Injective. If you are optimistic about Injective in the long run, Helix is definitely an object of attention you cannot avoid.
Now saga's Over 9000 airdrop routine is like this. I hope you will pledge back every round of airdrops or even increase your position to get the tokens for the next round. However, there will be NFT or token airdrops of ecological games in each round, but they don't seem to have much value at present.
Looking back at saga staking, I and many people lost a lot of money in U-based positions. After all, saga also fell to the point of 0.8, and the only consolation was that it rebounded by one time.
Many people should start to completely deny StaketoEarn's method, although I have reminded you more than once that there is a certain risk of decline, and you can choose to hedge or not participate in staking. I personally decided to get a cycle after staking, so I don't have the idea of taking it out to stop the loss at present, provided that the project party does not run away, but after all, it has been listed on Binance, and the project party does not have a game that can really start to gain volume. I definitely don't want to discard all seeds immediately in the cold winter.
So everyone, staking is a very stupid and long-term way of playing, especially in this round, so be sure to consider the worst-case scenario.
Although Bitcoin has been jumping up and down during this period, many altcoins are slowly repairing the previous oversold range, and there are opportunities for 10+% gains at any time.
If the big cake stabilizes, there are still many altcoin operation opportunities in the market.
It’s just that this round of market is too tiring. If you don’t tighten your profits as appropriate, you will easily fall into a trap.
Too many narratives (zero-knowledge proof, re-staking, chain abstraction, interoperability) that are sought after by institutional VCs have been ruthlessly smashed to pieces.
There is only a meme heat of serious PVP insider information on the chain, which is really of no benefit to ordinary people. $SOL
However, I believe that the market will eventually move towards the correct value direction, but it is still unclear where this opportunity and time are. Even if the Ethereum mainnet 1 gwei becomes the norm like a dead city, and more than 70 layer 2s are like empty alleys, I think it is destined to create glory again after nine years of ups and downs.
We should take a long-term view of things. From an ordinary pizza transaction to the current listing of US spot ETFs, crypto has become unstoppable. I hope everyone will not leave the market, let alone lose their chips in the contract during this historical garbage time. 99% of the increase occurs in 1% of the time. Live a peaceful life, make money off-market, and wait for the right time to act.
Saga's "Over 9000" vault is open for airdrops again. This time, in addition to giving:
41% of the pledge amount of $SAGA rewards, there are also 3 NFT rewards, 1 PASS card reward, and 5700 SMART MONEY token rewards.
Unique address: claim.airdrop.saga.xyz/
The only thing that has not started yet is the ambassador program airdrop some time ago. If you are interested and have time, you can sign up. I took a look and felt that the requirements are not very high.
But the quality of the game is as bad as ever, generally at the level of the last cycle of chain games. The inferior version of Temple Run @Bullieverse, SmartMoney, which is still in the white paper stage, and the quality of the two slightly better mobile games are also of medium and low levels.
SAGA prices have been cut again and again with the low liquidity of the Altcoin market.
I have never seen the project party launch a killer-level game product.
- This Alpha Vault provided by MeteoraAG is the so-called anti-sniper Bot. In fact, it allows buyers who are willing to lock positions and release linearly to purchase first in LFG.
The tokens will be released one day after the opening, and the release will be completed after three days.
At present, the basic situation of LFG's UPT: Pool UPT quantity: 100M The starting price range is $0.04-$0.173, Corresponding FDV: $40M-$173M, TGE circulation: 200M $UPT, But 4.5M UPT will be generated from community allocation every day. That is, 218M UPT will be circulated in the market on the day when Alpha Vault is released
The upper limit of the Vault is 5 million dollars. If you deposit 10,000 dollars at present, the current estimated average cost of UPT that can be received is $0.0438. But as more and more vault deposits are deposited, the actual average cost will also increase. This 291.76% is the discount if the Vault is fully stocked with $5 million. Then your cost price is: Starting price $0.04*291%=$0.1164, corresponding FDV= $116 million
This method can indeed resist the bot's first-time sniping, and the low-priced starting chips will definitely be purchased by the vault first. At first I didn't think it was so novel, but it is still very interesting when I think about it carefully. Jupiter LFG has been innovating from voting to launching.
New airdrop! Jupiter's new LaunchPad will start on May 31st, and the current project is the mobile bandwidth mining project - UPROCK
Currently, $JUP stakers can start to query their available UPROCK tokens and can claim UPROCK when they start trading.
Official query address: lfg.jup.ag/lfg/uprock
Eligibility: - Airdrop to all voters during LFG Round 2 - Additional airdrop for UpRock votes (in LFG Round 1 and LFG #2) - If you vote for them twice, you will receive an additional loyalty bonus. -0.75% of the total UpRock tokens will be rewarded in the July ASR rewards.
The market is gradually getting better. Sharky did not perform well on the last LFG, so you can observe it this time.
Killing VCs and big investors, will DYM Proposal No. 16 go the same way as Juno?
The DYM community has suffered a lot from VCs locking up their positions to get staking rewards.
On May 20, the DYM community initiated Proposal No. 16, requiring code modifications to lock VC accounts so that they cannot transfer the staking reward tokens they received.
As of now, 53.4 million DYM (27.7% of the total votes) have voted in favor, and 71.43 million DYM (37% of the total votes) have voted against, and the proposal will be rejected.
The proposal will end at 3:44 on the 25th. At present, it seems that the probability of passing is very small. Of course, it is not ruled out that it will pass in the end like Atom Proposal 848. However, the tokens pledged by VCs still have governance voting rights, so in fact, as long as VCs are not happy, the vote will definitely not pass.
Jup 4 JuP! A sneak peek at Jupiter’s $10 million active staking rewards in July
Since After staking was enabled, many people ignored the existence of ASR, the active staking reward for pledgers, and misunderstood the bribe rewards from project parties on LFG as staking rewards. In July, the first round of ASR will be issued. This article will explain some key points of ASR.
What is ASR (Active Staking Rewards)? The important role of JUP tokens is governance, and the size of governance power is also defined as the amount of JUP staked. To encourage everyone to participate in staking/active governance, Jup provides ASR rewards. Each project party that obtains TGE from LFG will take out 0.75% of the token rewards and invest them into the current ASR round prize pool.
Eric Balchunas, senior ETF analyst at Bloomberg, just claimed to have heard rumors in the afternoon that the SEC has made a big turn on the ETH ETF and set the probability of ETF approval at 75%.
On May 15, the analyst said that based on some behaviors, ETH is regarded as a security by the SEC, and the probability of ETF approval is 0.
On May 23, VanEck's ETF will face the final review of the SEC.
Roaring Kitty, the leader of the retail investors’ battle against Wall Street, has become active again on the third anniversary of the GME short squeeze.
And just released a video, the content is about the key moment of two cowboys’ gunfighting, and suddenly connected to the clip of Thor saving the scene in the Avengers Endgame.
It is interesting to note that when Thor came out to save the scene in End Game, there was obviously an additional special effect that was the only one in the video, which looked like the $ETH logo.
btw, Vaneck will welcome the Final ddl of#EthereumETFon May 23. However, it seems that most of the market opinions think that it will not pass.
And the view of BTC ETF at that time was also the first ETF Final ddl to be rejected or passed by all ETFs.
And the key factor that everyone thinks of#BitcoinETFis the result of Grayscale’s victory in a lawsuit with the SEC at that time.
So everyone also thinks that#EthereumETFalso needs such a lawsuit victory to have a chance of passing.
Jupiter🐱The voting time for the new round of LaunchPad (i.e. LFG) has been set:
May 22
New LFG features:
1. Hide the current vote type: The team found that users may vote for the current leading project without thinking. Based on this, we decided to hide the current vote type for a trial run
2. Strengthen the anti-bot function of Meteora (the pool protocol of LFG). After all, the scene where Zeus was monopolized by others was not the LFG that the team wanted.
TL;DR: After experiencing the community turmoil over the allocation rules, Renzo accidentally revealed the market liquidity risk of LRT. As one of the earliest re-staking protocols, Renzo wants to occupy more market share and capture better returns in the future as AVS services become more diverse through its positioning as a strategy manager.
Although the pie chart he created, which was comparable to that of the Statistics Bureau, caused an uproar in the community, Renzo, who was ashamed of being ridiculed, still listened to the advice and changed some conditions, which saved the goodwill of a wave of users.
However, Renzo’s LRT liquidity crisis test still has a certain warning effect on the current Restaking craze.
The third round of $JUP governance voting has begun and will last for 72 hours. Look for the voting website vote.jup.ag Active participation in staking governance can maximize ASR (active staking rewards). The first wave of ASR rewards will be issued in July.
Jupiter Launchpad first round (March to June) active staking reward pool:
a) 50 million $JUP (Jup launch reward)
b) 7.5 billion $WEN (Wen launch reward)
c) 0.75% of the total tokens of each project on LaunchPad
The information comparison of the 6 projects this time is shown in Figure 1 (By Jupiter Discord user bluezenith)
Currently, Sanctum's votes are far ahead and have reached 65%. If nothing unexpected happens, it has already secured the first place and will soon be listed on Jupiter LFG.
@sanctumso is a liquidity staking solution on Solana. It has an investment lineup that can be described as a son: incubated by SolanaLabs, led by @dragonfly_xyz, and participated by Jump and @SolanaVentures.
However, scanctum currently has no plans to airdrop to voting users.
Ps: If you take advantage of @Sanctumso's airdrop, in addition to exchanging it for $INF, based on JTO's airdrop experience, you can use $INF to interact more with Sanctum's partners.
At first, when I saw the Megadrop released by Binance, I thought it was just a task platform for other wallets.
Later, I saw that @BounceBit was allocated to Megadrop in total: 168,000,000 $BB (8% of the maximum supply of tokens)
That's not right. Such a large amount of token allocation shows how much Binance values MegaDrop.
Update: a) Participating in regular BNB can directly participate in LaunchPool and Megadrop at the same time
b) Users who participate in regular BNB deposits will get a point bonus if they complete tasks and get more rewards. This point boost obtained by locking BNB is also the focus of MegaDrop.
3) Even if users do not participate in locking BNB, they can get airdrops by just doing tasks, but the amount is definitely small.
This move by Binance may be a supplement to the cessation of Binance LaunchPad, and it is also a great incentive for Binance Web3 wallet.
LaunchPool is a benefit for BNB Holders. MegaDrop not only benefits BNB Holders, but also uses Binance's large platform to give more exposure to the project's products.
Saga announced a "Battle Power Exceeds 9000" event yesterday (Dragon Ball fans confirmed) Indicated that more than 100 projects have promised to airdrop to Saga user pledgers, but clearly stated that the airdrop rules are provided by the "cooperative project party", Saga only provides snapshot data and platform, and the first snapshot will be conducted at the end of April.
If you like stake to earn / optimistic about the market outlook for the next few months and half a year like stake to earn / optimistic about the market outlook for the next few months and half a year like stake to earn / optimistic about the market outlook for the next few months and half a year
friends can buy some stakes or increase stakes. The key points of operation are as follows:
1. You stake only for airdrops, not for that little APR. If you are not optimistic about the current price, please short the same amount of hedging in the Binance contract market.
2. Calculate the proportion of capital positions before staking, and don't let the increase in positions and signs increase until your liquidity is gone.
3. Always remember to follow the airdrop information of the Cosmos project party $ATOM . Many airdrops will disappear if you don’t claim and register.
Recommend https://cosmospug.com/airdrops/ and Cosmosman @iCosmosMan’s TG channel. Set an alarm to watch it once a week.
4. Pay attention to the ranking of your pledge account. When it is necessary to roll up a key ranking position (for example, 3 positions away from reaching the ranking of 25%), you can add a little (25%/33%/50%/66%, etc.) Refer to the table made by teacher @jaga1117 (P1) to understand your ranking.
5. Node selection for pledge selection: a) lower ranking b) with additional rewards or airdrop expectations c) the commission will not be too high
Pledge airdrop is a special low-cost means of obtaining chips. Among saga’s partners, there are several institutions or games that I am optimistic about (@playSHRAPNEL invested by Franklin Templeton). I also recognize $SAGA 's BD ability, so I chose to pledge.
Make sure you have your logic and then execute it decisively.
#新币挖矿 Saga is probably the most surprising Binance LaunchPool project. The community Genesis Airdrop that ended on March 27 had a surprisingly low amount of recipients. Even though many Airdrop Hunter bloggers on Chinese CT mentioned it in their "homework", Many people have never heard of it and have not taken any action to claim it. @sagaxyz_ This should be the most surprising Binance LaunchPool project. The community Genesis Airdrop that ended on March 27 had a surprisingly low number of recipients. Even though many Chinese Airdrop Hunter bloggers mentioned it in their "homework", many people still had not heard of it and had not claimed it.
The Solana mobile phone purchased for 450U has a 77% return on investment, and SolanaMobile2’s return on investment is a foregone conclusion.
The author airdropped IQ50 and sold it for $120, and the MeMe token MEW that was just airdropped was worth $230. There are dozens of miscellaneous airdrop coins in the wallet and are ignored. It’s already worth about $350.
It is a foregone conclusion that SolanaMobile 2 will recover its capital. At that time, it was previously judged that#solanasagahad only activated 16,000+, and the volume of #SolanaMobile2 .1 million units may overly dilute the value of the airdrop. However, the power of SolanaAirDropSeason was still underestimated.
I call on everyone to try and experience more Solana products. Currently, many projects are still in their early stages, a bit like the DeFi Summer on ETH. Various airdrops are flying everywhere, including the previously recommended Jupiter LFG, which will soon be launched, Solana, and the BTC cross-chain product Zeus Network. The sub-product Apollo will be developed and tested immediately.
The wallet of Web3 is your identity. Many interactions will be added to the value of your identity. Protect the security of your wallet and try various product interactions. You may have many surprises.
Follow me to learn more about Crypto Alpha and Airdrop in advance.
Related information: On January 17, Solana Mobile announced the launch of its second-generation mobile phone, with a predetermined price of $450. If the expected sales target of 100,000 units is reached, the team expects to begin shipping in the first half of 2025.
Review the history of stablecoins and explore the pros and cons of Ethena
Ethena was directly listed on Binance LaunchPool, which made me rethink Ethena. I re-read the documents and continued to take notes to review the history of stablecoins, learn from the past and look to the future to see what results Ethena will have in this bull market.
1. The path of exploration of Crypto stable currency
Stablecoin has always been a business that everyone in the industry is keen on. In 2014, Bitfinex first took out the USDT killer weapon. After two accelerations in the ICO era and the summer of DeFi, it already dominates 70%+ of the stablecoin market in the currency circle.
But everyone may think that this operation of putting 1 US dollar in the bank to mint 1 US dollar USDT is too uncrypto. They have been trying to realize the decentralized stable currency. The over-collateralized stable currency $DAI launched by MakerDAO at the end of 2017 can be said to be a real One of the successful attempts, it is not only the first DAO organization, but also has become TVL’s number one DeFi product. Founder @RuneKek also announced in July 21 that the Maker Foundation will be disbanded and MakerDAO will achieve autonomy.