Binance Labs' massive investment project Initia is launching in spot trading; is it worth getting in? Read this article to understand.
As mentioned earlier: Binance Launchpool's 68th project, the modular interoperability star Initia, is set to officially launch on April 24 at 19:00 (Hong Kong time). Many people are unfamiliar with this project; past reports have only touched on it briefly, mentioning that Binance has invested heavily, and the project team has a history from the original LUNA, which was involved in modular L1+L2, but there hasn't been a detailed introduction until now.
1. What is the INIT (Initia) project mainly about? What are its strengths? In summary, Initia has created a modular blockchain operating system that allows developers to build chains as easily as stacking blocks, and enables users to transfer across chains as simply as sending a WeChat message. The goal is to eliminate blockchain "fragmentation" and "user-unfriendly operations."
I'm losing my mind! Today I went to the bank to mortgage my house, dealing with the damn tariffs, and now I can only prepare for a bear market bottom.
Regarding contracts, we clearly said last night that if it falls below the previous lows of 110 and 1730, we would cut losses. A small loss of 1% is still acceptable. But damn it, I still hold onto the spot market, and it feels so uncomfortable.
The money earned from contracts was used to accumulate coins, but the coin price is just like a joke. Yesterday, our technical analysis indicated it would drop to 1530, and it indeed did, but when it actually got there, it felt really uncomfortable.
I can only amuse myself a bit; the number of coins hasn't decreased, and a rebound will surely come. With interest rate cuts starting in June, there's quite an opportunity. The worst-case scenario is to treat it as a bear market; holding for a year will also yield results.
Now, profits rely entirely on short-term trading. I'm considering buying back the positions I previously cut losses on when prices dip again, waiting for a short-term rebound. When it reaches around 1600 to 1700, I'll exit. Short-term trading should not be emotional; you must operate calmly, treat yourself like a machine. If it breaks below, exit immediately. When it hits support, go for it. Once there's profit from the rebound, exit in batches, don't get too attached.
First go down to the 6th floor, drop in March, hit hard in April, bottom out in May, explode in June, pull back in July and explode again
黄粱一梦
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Bullish
March sideways (bottoming), April slight rise, May gradual rise, June onwards massive surge, the timing of macro favorable policies released after April can become a trigger point at any time.
The last phase of the bull market is also the most rewarding phase; what you need to do is exchange time for space, holding on for a few months.
If you agree with what I said, please leave a comment saying 'Old Huang Big Shark B' 😌 #美国加征关税 #MGX投资币安 #乌俄停火 $BTC $ETH
Want to sell it off, you want to bring it back right? 😁 There’s no chance, this thing needs to go for 1000 dollars.
KZG 口罩哥
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Eric Trump made a statement on the controversial $TRUMP cryptocurrency incident, which involved a trader profiting nearly $12 million shortly after the token's issuance. The issuance of the token sparked widespread discussions among financial experts, cryptocurrency enthusiasts, and ethical oversight bodies.
Eric Trump praised the $TRUMP token as "the hottest digital meme coin on Earth." After its launch on Friday evening, its value quickly soared, rapidly becoming a hot topic in the cryptocurrency space.
It is noteworthy that CIC Digital LLC, associated with Donald Trump, holds 80% of the token's supply. Based on current market prices, its paper assets are approximately $20 billion. Bitcoin skeptic and economist Peter Schiff commented: "Bitcoin took four years to reach a $5 billion market cap, whereas $TRUMP did it in just one day."
Given that the token's issuance closely followed Donald Trump's inauguration as president, it raised ethical concerns. Former White House communications director Anthony Scaramucci stated that this issuance represented a "shocking level of corruption."