A few days ago, Fan Coin OG changed its model route and increased by 400% in one day, sparking discussion on Binance’s low-market value shell concept project. The basis is that Binance's shell itself is worth several million U. When the project's circulating market value drops to more than a few million U, I think there is nothing to lose, so I buy on the left, betting that the project will come back. However, the risk of this kind of project is too high. Since Binance frequently delists junk projects during the bear market, buying on the left side requires you to bear the risk of delisting (deep lock-in, no hope of repayment).
Let’s talk about some news in the past two days: 1. The SEC sued Justin Sun and TRON for fraud and market manipulation. 2. The SEC initiated a "Wells Notice" to Coinbase regarding staking services and currency listing services. This is an informal notice of SEC civil litigation. 3. The White House government report on the 22nd has a clear negative tendency towards crypto assets.
From a macro and narrative point of view: the narrative of bank thunderstorms is completely over, and the US government is behind it. There will be no interest rate meeting in April. The combination of the two may bring a respite (a small rebound) to the copycat market in April.
Judging from the previous SEC regulatory news and the attitude of the White House, in the short term, we need to be vigilant about the Justin Sun and CB incidents. The impact of the incident has not yet been priced in. It can be light or serious. The most serious one is the US version of the 94 incident (slump). We need to reduce our positions and be patient and cautious.
SVB is a special bank where a large number of technology companies choose to store their funds. The latest plan: SVB will immediately compensate individuals (less than US$250,000) through insurance, and the remaining US$144B will not be included (compensation will be paid through liquidated assets within 3-9 months).
Of course, this includes VCs and project parties in the currency circle. If they face a shortage of funds, they will have to sell their tokens in exchange for capital turnover. Be wary of the lagging second drop of altcoins, which will not be easy to trade frequently in the near future.
Interpretation of chiliz2.0 mainnet: chiliz has established extensive cooperative relationships with various clubs and sold fan tokens. The 2.0 mainnet will be launched at the end of March, opening up the fan economic system on the chain, and having the opportunity to activate the on-chain activities of millions of users and form the Matthew Effect in the web3 sports circle, becoming the traffic entrance and the leader on the track. The sports sector has the largest group in the world, and sports is also the earliest MEME cultural subject. If these groups can be captured and successfully incorporated into web3, there will be huge industry potential. chiliz's business can capture real sports users. Its 1.8M independent addresses represent the native group of crypto sports. Whether they are existing users or potential users, compared with other tracks, it has a huge advantage in real users. This excavable market capacity is the reason why CHILIZ’s market value ceiling is high.
You can pay some attention to the fan track recently
The reasons are as follows:
1. Sector rotation has never been able to rotate the fan track. The overall market market of the sector has not outperformed BTC since the low point and has been in a state of stagflation.
2. As the Chiliz mainnet approaches, the CEO begins to frequently build momentum on Twitter.
3. The second half of the Champions League round of 16 will begin on February 14th
The above premise is based on February and March as the rebound months, and it is at your own risk
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Project name:Ultiverse
Country: China
Public chain: BSC (game main body)
Sector: NFT, 3A chain games, VR
Key event nodes of the sector: Apple launches MR headset in Q3, and the VR industry will explode this year and next year.
Financing situation, time and organization: US$18.5 million + NFT sale income of approximately 3500-4000 ether. In the seed round in March 2022, Binance raised 4.5M with three companies. In the first round, Binance raised 5M, and in the second round in June, Mint Ventures raised 9M (not disclosed on the official website). Investment institutions: binance, Defiance Capital, Skyvision, SEQUOIA red shirt, Mint Ventures.
SpaceID, the domain name project on BSC, has been integrated into the official browser of bscscan, confirming its leading position and being able to compete for airdrops. Friends who are interested can interact with you. 1. Log in to SpaceID to register a domain name, set up domain name reverse resolution, and change the Twitter name to the domain name .BNB suffix (keep it until the notification snapshot is completed).
Go get the relevant OAT on Galxe and list a few must-dos.
Ultiverse, a large-scale 3A chain game, has opened Alpha testing. Players who hold the Electric Sheep NFT can enter the main city of Terminus city to play. Currently, the Texas Mini Game is open, and AI virtual dolls accompany players in the game. It’s worth paying attention to those who are interested in the game.
SecondLive, the star social metaverse project on BSC, has launched a medal achievement system. Users who complete the achievement system can apply to bind SBT on the chain, which will be used as the standard for airdrops. This system is the second opportunity to participate in airdrops in addition to daily interactive mining.
Market commentary: The short-term market is about to undergo a correction
Technically speaking, BTC's daily RSI has been above 80 for 17 days, and the last time it appeared was in January 2021. Generally speaking, RSI exceeding 80 indicates that a project has extremely strong upward momentum, and the short-term price peak will be completed at this time. Combined with the macro environment, the financial market still maintains high interest rates (fund pumping machine), and the market does not have the conditions to make a big move. Then combined with predictions, the short-term market rise driven by BTC will end in the next few days, and BTC will fall back thousands of dollars, which will lead to a large number of copycats pulling back sharply. It is recommended to clear positions and wait for bargain hunting. When BTC falls below 21,000, you can start purchasing mainstream digital currencies such as BTC/ETH. The cottage can still wait.
Let’s talk about my superficial methodology on spot trading in the secondary market.
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I only do spot trading in the secondary market.
How to improve your trading methods and position management?
Stop profit and stop loss is a common question. For investors in the currency circle, they will face a problem, that is, the fluctuations of copycats are too great, and it is difficult to decide on the stop loss of spot stocks. It is normal for positions invested over a longer period of time to retract dozens of points, so it is impossible to apply the rules of professional traders who strictly stop losses after adding leverage.
Chiliz CEO’s Chinese summary of the AMA on December 5 (3 minutes)
Yongxun Aircraft took a look at the AMA held by Chiliz CEO on December 5.
Briefly extract the key content description 👇
1. All the contents of the test network have been completed. The genesis block of the main network has been opened, and the final security test of the main network is currently completed by the team and the audit company. It is expected that the Chiliz2.0 mainnet will be launched in the next few weeks.
2. The US version of socios.com will not be available until after the US midterm elections.
3. Chiliz announced in January 2020 that it would burn a portion of CHZ every quarter, including 10% of FTO and NFT sales revenue and 20% of transaction fees earned on the Chiliz exchange. A total of 7 quarters have been destroyed, and November 2021 is the last time. In 2022, the team canceled the quarterly destruction plan.
1. The Federal Reserve raises interest rates. High interest rates are a continuous pump for the financial market.
2. The employment rate in November was higher than expected.
3. Large technology companies are laying off tens of thousands of people.
The United States can currently only reduce inflation by suppressing the employment rate, thereby allowing the U.S. economy to have a soft landing.
Conclusion: Employment will fall rapidly in the coming months as large tech companies engage in widespread layoffs. At this time, the Federal Reserve will slow down its interest rate hikes, and financial markets are more likely to rise. Correspondingly, when the Federal Reserve ends raising interest rates or begins to cut interest rates, we need to be alert to a sharp decline in the financial market.
The biggest difference between HighStreet and MANA and The Sand Box is that it is not a metaverse centered on this project. His main development direction is to combine physical products with new retail business, which means that he needs to cooperate extensively with third-party projects to build his Metaverse ecosystem, which is more like a part of a huge Metaverse entertainment consumption chain, rather than Develop a closed ecosystem with rich internal experiences centered on the project.
The core of the project is the new retail business. The combination of offline brands and Yuanverse gaming and entertainment can bring about a relatively long-term user retention rate. In addition, the artistic quality of the project is relatively good, and there are no shoddy products. The development progress is also relatively reasonable and there is no deliberate delay.
ANKR was attacked on BSC today. I made 15M by using abnbc, and then cashed out 15M through the internal parameters of the HAY stablecoin protocol contract. Those who pay the bill are the miners who provide LP in the BSC ecosystem.
Friends who are interested can check out $HAY. Now unanchored to 0.5.
The reason is: Binance will most likely be rescued. If not, it will have a great impact on the BSC stablecoin ecology. Compared with the BSC ecological stable currency layout, the loss of 30 million U is acceptable.
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MetaMask Snap is a new feature being tested by Little Fox Wallet. It is like a WeChat applet, allowing third parties (non-EVM chains, Dapps) to integrate their functions into Little Fox Wallet without Little Fox’s permission.
It's quite imaginative, and it's very early stage.
Interested friends can manually search "Flask and Snaps Filecoin Demo" on YouTube
Audius is a decentralized music streaming platform that uses token incentives to connect the three roles of musicians, fans, and node operators to jointly build a new music streaming experience. Currently there are desktop version, web version, ios version, and Android version.
Audius has 4 million+ average monthly users and 200,000+ average daily views.
The music types are mainly hip-hop and electronic.
Open API interface
Audio, images, chart data, and more in Audius are represented in a content ledger, and through the Discovery Node service, users can use any client to connect to Audius and view the same social graph.
Secondlive, a promising metaverse social project on BSC
Research is not easy, friends are welcome to like first and then read
First the summary:
SecondLive will occupy the central hub position in the future BSC ecosystem.
Why do you say that? Because this project provides an important place (consumption scenario) for a large number of NFT issuers on BSC.
Third-party NFT issuers cooperate with Secondlive to issue NFT, and C-end users purchase and hold NFT to participate in space activities (entertainment (concerts), AMA, social networking). Extended view, the project party can provide a channel for converting NFT into SBT (soul proof) before the start of entertainment activities. Users will destroy the purchased NFT and hold SBT to participate in the activities. Subsequent SBT can become a proof of loyalty to allow users to obtain more Multiple VIP rights.