cryptoHowe

A brief review of $TGT on BN Alpha on the 21st

In short, it's a traditional Web2 gaming platform with some Web3 integration mechanisms (NFTs, Tokens, and interactions among them).

I must say the game mechanics of this project really left me stunned; it turns out I'm not suited to play this kind of game.

Overall, the best way to participate is to grind for their whitelist beforehand. It is said that you can get an NFT whitelist just by posting a tweet. Currently, the floor price is 0.4 ETH, and the peak is 1 ETH.

As for the future utility of the NFTs and Tokens, I find it hard to evaluate. It's likely that the project team just couldn't delay any longer and decided to launch quickly while liquidity is still decent.

For game projects, if players can't easily understand how to play at a glance, I think it's hard for them to sustain.

———

Lastly, a reminder: if there are family members claiming this today, remember to sell in time. I just looked at the tokenomics, and there's a lot of sell pressure.

Airdrops and marketing provided over half of the circulating supply on the day of TGE.

I will look for opportunities to short it then.

#TokenAnalysis #TGT

The Third Theory of Disenchantment: Beware of First-Time Founders

Why do investors prefer to invest in serial entrepreneurs rather than first-time entrepreneurs?

The answer is simple: the probability of first-time entrepreneurs stumbling into pitfalls is much higher.

Let's talk about some advantages of serial entrepreneurs:
First, they have experience throughout the entire project process and know what to do and when.
Second, they know how to interact with investors.
Third, if they have a successful project experience, their personal credibility and endorsement are strong.

This is why Babylon, a leader in Bitcoin staking, had a very easy time in early financing, relying on the personal experiences and charm of the project Founders.

In contrast, first-time entrepreneurs should be wary of encountering the following types of people:
➣ Those who pretend to understand but do not.
➣ Those who do not take the experiences and lessons of predecessors seriously.

The former is particularly evident among those who switch careers to start businesses in traditional industries; they always rely on their past experiences and never think about adapting flexibly to align with market trends.

As a result, whenever they want to make a big push, they end up getting into trouble.

The latter resembles a novice in trading; investors, having been exposed to numerous projects and participated in many project processes, have effective solutions for some issues that arise during project development.

However, first-time entrepreneurs may have an obsession with their own methods of handling matters, assuming theirs is the optimal solution. They end up spending a lot of time and energy in trials, only to find that the solutions provided by investors are the simplest and most efficient.

Many first-time entrepreneurial projects fail during the trial process because they run out of money and lack sufficient cash flow to sustain project development.

Based on this, when we research a first-time entrepreneurial project, we need to focus on the following two points:
➣ Does the founding team have sufficient awareness and understanding of the market? If they have irreplaceable past project experience, that would be even better, like Huma.
➣ Are the Founders 'cooperative'? First, they should listen to investors' advice; second, they should heed the feedback from community members.

If they lack both, I can only say, 'Good luck to them!'

Theory of Disenchantment II: The Truth and Falsehoods of White Papers

The original purpose of white papers was to help everyone better understand the project's vision and what it does, aligning with the project party.

This is also why, to this day, when researching projects, everyone tends to prioritize looking at the project white paper, and I am no exception.

But have current project white papers changed compared to before?

In the past, white papers were carefully written word by word by the founders. Especially before GPT was widely applied, during the ICO period, various project white papers were everywhere, and the ones with charisma or 'value' raised quite a bit of money.

Although most projects either failed to launch or were rug pulls in the end, we can at least say they were seriously 'scamming.'

Today's white papers have visions that are drunkenly boastful moments, complex formulas that are randomly generated by GPT, content that is hastily written by hired writers for a few thousand RMB, and money that is tricked from investors.

Don't think that a white paper you can't understand means it's a good project; perhaps the project party doesn't understand it either, but what they want is for you to be confused.

A seamless process; do you think the white paper is meant for retail investors? No, no, no, it's all about the money. Let's just say, how good can a project white paper be if it is written by someone who hasn't participated in the entire project process?

Of course, this doesn't mean that all projects are like this; it's just an example of a phenomenon.

So next time you look at a project white paper, remember to keep your eyes wide open!

After Layer, People can also take a look at Teacher Ao Ying's public calls

From the weekly chart, it indeed dropped to the target, and there was a rise yesterday. Currently, it is in a sideways adjustment, and one can look for entry points in smaller time frames.

I stayed up all night watching, and now I think around 0.0313 can be a point to consider for entry.

However, Teacher Ao Ying said he would increase his position if it returns to around 0.029, after all, he has a relatively large position.

#Secondary

A New Trading Opportunity

Recently, market liquidity has been good, and BTC is currently in a pullback consolidation. Some altcoins have shown strong upward performance recently, so they will generally follow BTC's lead.

At this point, we should look for altcoins that have experienced significant declines recently, because according to the mean reversion principle, coins that have dropped significantly often indicate that they have reached their bottom, and the trend is likely to reverse upwards.

For example, Layer

#Second Level

Short-term support level for $BTC is around 102300

$BTC has started to pull back, recent emotions have been too heated and it should cool down a bit before gathering strength to rise again.

From a personal daily perspective, I see a pullback around 99,000, and many altcoins will follow this correction.

Once the pullback is in place, it should continue to rise, and at that time we can consider some strong altcoins mentioned earlier (DOGE, PEPE, ONDO, COW, KAITO).

Currently, the consensus on $Moodeng is very strong, so it can be prioritized.

However, everyone should still DYOR (Do Your Own Research) haha.

#二级

The First Theory of Demystification: The Matters of DEX

In every cycle, a large number of different DEX will emerge, but are there really that many differences between them? Are the project teams really that fantastical?

Previously, I have seen some DEX project teams; the tech-savvy ones love to promote various model advantages, while the finance-savvy ones love to boast about having xxx behind them.

Before that, we need to clarify what the core positioning of DEX is — casino.

Every transaction you make is no different than exchanging real money for pachinko balls in Japan.

Based on this, one key point for a DEX to succeed is — make everyone spend money without feeling it, and make everyone enjoy spending.

You will find that mainstream well-known DEXs have extremely streamlined UIs in their trading interfaces, with no candlestick charts, just a few simple buttons, and even the word 'sell' does not appear throughout the process.

Most people do not care whether your machine uses screws made with high precision in Germany, nor do they care which factory owned by which boss manufactured your machine. What they care about is whether they can win and whether they can feel pleasure.

Thus, to assess the strength of a DEX, one should look at their customer acquisition ability and retention ability, and only then their financial strength. Technical strength can be directly passed; there is no technical aspect in making DEX.

Recently, I will start synchronizing the secondary content from my personal channel to the square for everyone's convenience.

Recently, market liquidity has been quite good, and it should continue to gain momentum. From what I've seen, many trading bloggers generally believe that we are currently in a primary upward wave phase. The biggest characteristic of this phase is that there won't be significant pullbacks for people to get on board, causing many to miss out until they finally get in at the peak, only for it to start dropping and correcting.

Therefore, the best response measures are either to hold only spot positions or to look for other targets with a better cost-performance ratio. There will be many opportunities in a bull market, so don't just hold onto one and miss out on easy money.

The targets I've been looking at recently: $DOGE $PEPE $ONDO $INIT $PARTI $COW $KAITO

#二级