funding will further increase bets on gold & bitcoin,
at the same time,
the narrative of $DOGE as a super-sovereign currency begins to awaken!
"Do not be blinded by today's favor, hard to forget past kindness. Watching flowers with tears in my eyes, not sharing words with the King of Chu." —— Tang. Wang Wei "Lady Xi"
$Labubu's recent rise in the past few days has not been accompanied by increased volume, and it is beginning to show signs of fatigue, temporarily (short-term) overstretching its momentum for further increases.
Due to issues such as IP licensing, it is generally difficult for $Labubu to enter mainstream trading platforms.
However, as a native on-chain meme (which may never enter mainstream exchanges), based on its potential for IP breakout, if it takes a break at this position for a while, it would be best to test the strength of the chips (floating chips) through a violent washout (within -50%); if it passes this test, large investors may enter, and at that time, $Labubu is expected to challenge a market value of 200 million to 500 million USD.
$A is now transforming into a semi-decentralized web3 banking (financial) underlying infrastructure.
Limited by the reputational issues caused during the EOS period. It needs to prove itself through solid growth at the business level, rather than just PR (empty talk).
If the self-proof is successful, a 10X+ price increase for $A seems like a relatively conservative concept.
Recently, $A reached a strategic cooperation with Fosun Wealth and Standard Chartered Bank, both of which have a clear Hong Kong capital (or influenced by Chinese capital) background. Coincidentally, EOS back then also had a clear Chinese capital involvement, with a strong Chinese lineage. It seems that $A has the potential to act as a tool for Chinese capital (quasi-official) to regain its voice in the crypto space.
The key is still to observe its business data growth.
I have been waiting for the third wave! @Vaulta_
(Disclosure of interests: I hold $A, and the above statements should not be taken as your investment basis.)
A big brother, he was a real estate developer in Shanghai in the earlier years. CZ once accompanied him and his friends to play Texas Hold'em for a while, in order to raise funds for the exchange... As a result, the big brothers won at Texas Hold'em but didn't dare to invest... Later, the big brother was stimulated and often expressed regret (he said he couldn't communicate smoothly with CZ on WeChat early on), and he recklessly invested in a bunch of scam projects in the crypto space, of course, he also made a vengeful purchase of 10,000 bitcoins (I contributed to that with my influence)...
At the end of February 2021, I persuaded him to buy Dogecoin (around $0.05), at first, he bought a little just to please me... Later, when it reached around $0.4, he asked me if he could increase his position, I confidently told him that he might not believe my judgment and luck, but he should believe in the fortune of the earth's chosen one... He believed it and bought 50 million in one go...
Recently, he told me: "Mr. Mao, holding Bitcoin feels more secure, for so many years you said to hold and I've been holding it, regardless of the ups and downs, I sleep soundly... Although the money in Dogecoin isn't much after all these years, it really pulls at my heartstrings, all my emotions are tied to Dogecoin... It's tormenting..."
After the call, the big brother invited me to his house recently to smoke cigars and help him strengthen his faith in Dogecoin... I readily agreed... After all, he and his friends have a significant position in Dogecoin, while I hold a long position...
In recent years, @yugalabs has been continuously selling off its various IP assets. The sale of the last core asset, CryptoPunk, signifies the complete end of the Yuga narrative.
Back then, they bragged and crazily exploited the investors and capital, but now they can't deliver on their promises and are frantically selling off to cut losses and wash their reputation.
This move will further solidify CryptoPunks' position as the king in the NFT field. The artificial ceiling that CryptoPunks faced due to being part of the Yuga group (internal priority conflicts) will completely disappear.
Last year I listened to a bunch of influencers hype up $CLSK, and in a rush, I made it my first position in US stocks, only to end up suffering significant losses without any means to defend myself...
After falling into the pit, I had no choice but to do some research, and I feel this junk stock still has a glimmer of hope for recovery...
This junk company is the second largest Bitcoin mining company in the US.
But there are issues with the management's credibility. Last year, they diluted equity by expanding at a low price. It's roughly equivalent to the Jia Yueting of the mining circle.
But regardless, Wall Street research institutions still set a target price of $24.
Whether the market believes it or not is unimportant; I believe it anyway...
Oh, right, I also summarized my lessons learned: When you have no means to defend yourself, don't blindly trust so-called influencers...