Getting weaker, BTC's rise this time has little doge energy, future prospects are worrisome
加密小云
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Dogecoin (DOGE) Latest Dynamics | Pullback Opportunity or Stress Test?
In the fast-changing crypto market, finding undervalued coins with breakout potential has always been the dream goal of investors. Dogecoin (DOGE), once a 'meme coin', now firmly stands among mainstream digital assets. It not only has a strong community and celebrity endorsement (like Musk) but also boasts a mature network and strong brand value. In the past week, DOGE experienced a decline of about 19%, retracing from its peak and triggering market fluctuations. However, at the same time, on-chain data shows a surge in new wallet addresses and increased retail investor activity, indicating that market attention on DOGE is warming up.
Alpha points require thought to accumulate. Why is Binance developing Alpha and encouraging double points on the BSC chain? It's all because of BNB, which not only expands market share but also strengthens Binance's ecosystem. Therefore, the best strategy is to buy when BNB is low, choose a BSC, and complete tasks accordingly, while continuously increasing the amount of BNB based on its price, waiting for the price to rise, and simultaneously benefiting from airdrops for double gains.
Binance Alpha Points have a new update: Competition.
In fact, Binance had previously announced that for certain trading tokens on the BSC chain and S chain, users who reach a certain trading volume would receive some airdrop rewards.
This 'Competition' is a concrete representation of the aforementioned activities, transformed into a section within the Alpha Points program. You can access the Alpha Points page in the Binance APP, and in the top navigation bar, you will see 'Points', 'Airdrops', 'TGE', followed by 'Competition', indicating that Binance places 'trading volume' and 'other rewards' on the same level.
From the 'Competition' page, it is currently divided into two main sections: 'Sonic Chain Trading Competition' and 'BSC Chain Trading Competition'.
· The S chain specifically calculates the trading volume rankings for three tokens: SHADOW, BEETS, and ANON; it also has an overall trading volume ranking for all Alpha tokens on the S chain.
· The BSC chain calculates the trading volume rankings for four tokens: B2, AITO, MYX, and ZKJ.
· (It is expected that the SUI chain will be updated later)
The username quotas for the top trading volumes of each token are different; some are for the top 5000 users by trading volume, while others are for the top 10000 users, etc. Binance has also provided the minimum trading volume currently required to make the leaderboard for each token, making it easier to check if you fall within the specified top X users. Thus, it can be determined that as more people engage in trading, this 'minimum trading volume to qualify' will continue to rise.
My suggestion is that everyone should not feel compelled to inflate their trading volume artificially by trading specific tokens with high wear and tear, as that would be unworthy. The best scenario is to engage in trading for Alpha Points while naturally trading the tokens involved in the competition; achieving a balance between both is ideal.