Currently, new coins on the actual exchanges are not only being rejected by Binance users, but also by Upbit. As shown in the picture, there are four new coins that opened simultaneously on Upbit. Due to pre-market trading, the project team can spend a small amount to manipulate the pre-market price, making you feel that new coins with hundreds of millions in market value and tens of billions in FDV at opening are very cheap. In reality, they may only be worth tens of millions, and then the project team can directly sell based on the price anchored to the pre-market price until they sell out to a reasonable market value of tens of millions.
Today, this $SAHARA saw many people emptying it out, they should all be smart friends who often review their trades. Before going online, they basically predicted the general trend. In fact, Upbit has recently synchronized new KRW coins from other exchanges, none of which have had a second-stage pump, and even before going online, they reached the highest point due to FOMO. Although Koreans love to take over, they are not fools. Generally, only old coins can achieve a second-stage pump. Those who are interested can compare the trends of $SOPH, $NXPC, and $LPT, $RVN after going up, and it will be very clear.
This is a relatively classic old trick. Binance opening ETH withdrawals will pump the price. Because UP only supports ETH chain deposits, Binance's opening of withdrawals will allow deposits to UP to crash the price~
Recently, I occasionally take on advertisements and can't help but sigh at how the cryptocurrency circle still has huge benefits compared to traditional industries. I have a friend who used to work as a promotional model on Twitter, with 50,000 to 60,000 followers, and she would earn just 500 RMB for one advertisement. Meanwhile, as a small influencer with 17,000 followers on Twitter, I now earn basically more than twice what she does for a single ad. For novice traders, besides betting on market fluctuations, becoming a KOL and taking on advertisements is also a viable path.
Let's talk about the current strategies for low market cap contracts on Binance.
A few days ago, I mentioned $MYX as the contract with the smallest market cap on Binance, and perhaps some smart investors saw my tweet and bought $MYX. As a result, some clever friends pointed out, wait a minute, teacher, the market cap of the contract token $BDXN is even smaller than $MYX, only 5 million, why isn't there any smart money coming in to trade it?
Congratulations on discovering the blind spot; in fact, this circulating market cap is also a strategy for low market cap contract tokens. It shows a circulating market cap of 5 million, but the actual real circulating market cap is 362.93×0.03303=12 million. Why is the actual real circulating market cap double the displayed circulating data? Because this additional circulating amount is locked away in a moral lock-up, and as we all know, project teams in the crypto circle lack morals, especially small project teams like this. Therefore, smart investors also assume that $BDXN has a market cap of 12 million.
I believe that the first thing that this generation of cryptocurrency people should do is not to believe the various life experiences given by the old-timers who enjoyed the simple model bull market dividends in previous rounds, such as relying on hard work to earn 1 million, trading altcoins and meme tokens to get rich, and that the cryptocurrency world has unlimited possibilities, etc.
Because the environment you are facing is completely different.
The altcoins on the market now are like a middle-aged man with impotence. The exchange has repeatedly put aphrodisiacs on the market. The first few times they worked, but now they are still impotent. Take $MYX, which was recently listed, for example. After it was listed, its market value dropped to more than 6 million. Even 1-2 months ago, this kind of coin must have been picked up by the market maker for speculation, but now no one cares about it.
There is an indicator for monitoring short-term crashes. Previously, people needed this indicator because significant crashes were often caused by large players dumping prices or certain large positions being liquidated, allowing for 'buying the dip'. Therefore, whenever a major crash occurred, everyone waited to pick the bottom. However, in this round of market, this indicator has evolved into a new strategy. Now many people are watching the crash monitoring to determine if it's a good opportunity to short, as a crash often leads to a new round of even larger declines after starting from $OM.
$ZKJ has completely netted in. Before $ZKJ was listed on Binance, it was observed that there were 100 million positions on BYBIT, equivalent to more than 200 million USDT in positions. A comparison can be made with the positions of $SUI across all of Binance, which are quite similar. Just now, a single contract smashed more than 60 million positions. The buyers are naturally the alpha retail investors and pool participants who thought they could earn interest, haha. Combined with Binance's LP incentive announcement a few days ago, it truly is a pure conspiracy.
Make a Binance listing bot, starving nine meals in three days. Ever since @cz_binance came out, one hand has paused the new listings for Sol meme spot, while the other has worked on Alpha and scaled the VC listing process. The result is now as CZ wishes; Binance has eliminated the listing effect, and for a slow-running listing bot like mine, we still have to lose money 💩 If this continues, we won't pick up the bot anymore.
If I eat another phase of Binance Alpha, I plan to exit Alpha University. I calculated that according to the current earnings, the profit of one account per month is about the same as the transaction fee for one order.
Here, I recommend looking for some derivative opportunities related to Alpha.
For example, before the market opens, you can check on Matcha Gate Whales to see if there are any mispricing opportunities. After the market opens, if it’s multi-chain, are there any arbitrage opportunities across chains? If a small exchange opens high, can you deposit in to take advantage of the price difference, etc.
When it comes to trading cryptocurrencies, trading new coins is also a relatively simple opportunity in my opinion. For example, the stablecoin tracks $ENA $LQTY $USUAL have been rising yesterday, and the minimum market cap is around 100 million. The opening market cap of $RESOLV, which is on OK and Binance Alpha, was only around 20 million, so there is a possibility of being undervalued and hyped up, which is very normal.
Binance Alpha can now be seen as a small Binance, concentrating on pushing projects that have the potential to get listed on Binance and are currently the hottest in the market. Therefore, there will be many derivative opportunities arising from this, and I recommend those who don’t have much trading ideas to pay more attention.
If you have played the FT imitation platform of AVAX before, you can link to Twitter to receive the airdrop. I received more than 80 u https://arena.social/wallet Remember to cancel the Twitter permission after receiving it
Today, two thoughts on the Gate explosion $LA incident:
1. In the current monkey market, the vast majority of small alpha opportunities are not suitable for sharing in the public domain. It has almost become a consensus to short on Binance, especially yesterday's $BDXN where there were no restrictions on short positions on Gate. Many people made tens of thousands of USDT on Gate yesterday, and I also saw many KOLs posting about this money-making opportunity on Twitter. The intention was good, but as a result, many big players directly shorted tens of thousands to hundreds of thousands of USDT today, and the outcome was disastrous. If this opportunity had remained within a small circle, and everyone just had a bit of fun, perhaps we wouldn't have seen today's problems.
2. Major exchanges can be seen as major banks. Today in the group, there was a discussion that Binance has the security and service of the four major state-owned banks, while OK is roughly at the level of China Merchants and Industrial Bank. BYBIT can be seen as Minsheng and Guangda. Then everyone should think carefully about which small exchanges meet the standards of rural banks in Henan.
Lastly, @Gateio_zh hopes to properly handle this $LA contract incident and compensate where necessary. The contract has already been delisted, and the losses should be manageable. I hope Gate can be magnanimous.
Recently, the question of how to make 1 million with 10 million has been very popular.
After looking at several plans, I feel like maybe my risk appetite is too low. Among the recommendations, there are frequent mentions of depositing money on Coinbase and on-chain revolving loans.
It's important to know that Coinbase has a chance of triggering account bans, and unlike exchanges like Binance or OKEx that have customer service available at all times, if your account is banned, you might spend six months to a year trying to get their attention.
Among foreign exchanges, I only recommend Kraken as relatively reliable because their customer service responds quite quickly.
As for on-chain revolving loans, let’s not even go there. If I really had 10 million, I very rarely consider large-position on-chain financial products, putting even 100,000 to 200,000 US dollars would be the maximum. Moreover, these would either be highly profitable mines worth risking the principal for, or established DeFi protocols like AAVE. In my understanding, large-scale on-chain finance means putting half of the funds in the project’s pocket and half in the hacker’s pocket.
For ordinary players, the best and safest choice is to use the two major exchanges Binance and OKEx, supplemented by BYBIT, KRAKEN, and Hyperliquid. Understanding the VIP lending, financial management, and fee rate functions there, one can easily grab a 10% return in a year. And the most critical point is that it's safe enough.
https://t.co/P1XRMftcyh
You can refer to this funding fee plan for large players, although it adds leverage; novices can reduce the leverage~
- No KYC required - Supports large positions with ultra-high leverage
Just checked, the position supported by Binance with 4× leverage is smaller than the position supported by HYPE with 40× leverage. @JamesWynnReal If you play on Binance, the speed of losing money might be slowed down by 10 times.
In other words, if he plays contracts on Binance, he can lose for an additional two months before he's done losing.
The market is accelerating the desensitization of small-cap tokens, mainly referring to Binance spot, Bithumb spot, and non-KRW trading pairs on UPBIT.
Taking the example of $XTER with a market cap of 33M that Bithumb listed this morning, if we consider the market in March-April, the minimum increase would have been over 20%, but now it has barely increased by 10%.
Including the previous Binance listing of $HAEDAL spot and UPBIT listing of $HYPER's BTC trading pair, the initial increase was only around 20%, relying on a bunch of secondary market influencers to bring about a second spring in prices.
From a positive perspective, the current CEX is slowly becoming what @cz_binance wants, increasingly turning into a purely trading platform and weakening the effect of listing tokens. Including CZ himself previously mentioned that after Binance announcements, users were unable to buy the tokens they wanted immediately, which has now been resolved through Binance Alpha, allowing purchases directly through Alpha after the announcement.
From a negative perspective, the upper limit for making money in the market has greatly diminished. Compared to the past, where VC tokens would easily launch with hundreds of millions, the current VC token market caps mostly range in the tens of millions, with reaching 100 million considered a high-quality large project. A king-level token like Adventure Island with a market cap of 500 million may take months to cycle through.
It's been a long time since I posted any valuable information on Twitter, and I feel particularly ashamed.
Because there are too many smart and wealthy people in the market now, and I am someone who prefers risk-free returns. Many information asymmetries shared quickly become ineffective afterward. This is because many people might directly participate and compete with you. Simple, short-term, and guaranteed opportunities can be referenced by Gate's new listings; everyone quickly put in 700,000 U, reaching nearly 700 million U, with oversubscription approaching 1000 times.
Here’s a recap of previous risk-free/low-risk arbitrage opportunities:
1. $SXT This coin first hit the pre-market on Gate before it went on the pre-contract on Binance. However, due to the difference of 5 times between Gate's pre-market amount of 1 billion and the actual coin amount of 5 billion, Binance's pre-market opened super high. At that time, CMC quickly updated the real data uploaded by the project party, which was 5 billion, but many people did not notice this. Binance provided a position of several hundred thousand U at 1x, which was an excellent opportunity for large positions.
2. Various opportunities for $NXPC
(1) Cross-chain
Adventure Island operates on both BSC and AVAX chains, and the cross-chain bridge was already open before the market opened, with a large number of coins available for cross-chain. Several exchanges initially only supported AVAX deposits and opened very high. At that time, there was a 50-100% price difference between the coins on BSC and the exchanges. If you knew about this cross-chain bridge in advance, you could easily cross from BSC to AVAX and deposit into the exchange to sell. Several big players on-chain made several hundred thousand U using this tactic.
(2) Exchange activities
Adventure Island generously distributed tokens to major exchanges, with Binance Alpha and Bybit activities being the easiest to exploit. Bybit offered new user rewards and deposit rewards, ranging from several hundred U to over a thousand U. However, this requires strong infrastructure; you need sufficient KYC and equipment to capture these rewards in bulk.
(3) Coin purchase opportunities
Initially, Adventure Island's circulating supply was only 80 million, and a large portion was locked in the exchange's reward addresses and cross-chain bridges. It only began to gradually increase later. My friend Shui Ge mentioned it briefly in the group, but he didn’t buy himself 😂 As a new coin with the KRW trading pair launched on Upbit, considering a market cap of 100 million is feasible, not to mention the initial 80 million coins at a price of 0.9 U, a market cap of 72 million can basically confirm a strong buy.
The opportunities I mentioned above are primarily derived from information asymmetry, yielding low-risk/risk-free arbitrage opportunities, meant to inspire others. Let everyone know that this market has stable and reasonably profitable opportunities without relying on gambling.
When the first phase was on HUMA, I was a bit slow and didn't save. In the second phase, I saved some in batches (mainly worried about locking), but the project party has a broad vision; they not only do not lock but even if you choose the 6-month maxi now, you can basically run out with minimal loss. I checked that the second phase was saved on May 6th, which means today is exactly 20 days. 20 days saving 6-month maxi calculated at off-market prices yields a 6% return, with a daily rate of 0.3%. Thanks to @DrPayFi for the great mine.