Whale韭阴针鲸0628

1. Narrative Value Dimension 1. Scarcity of Tracks: Focus on niche tracks with technological innovations or compliance breakthroughs, such as modular public chain expansion solutions, compliant cross-border payment protocols, and AI + blockchain integration applications, avoiding homogenized competition and "pseudo-innovation" projects. 2. Narrative Grounding: Distinguish between conceptual hype and actual progress, with a focus on verifying the completion of white paper roadmaps, testnet data, and the authenticity of partners, prioritizing projects with existing MVPs (Minimum Viable Products). 3. Market Consensus: Monitor the discussion heat on social platforms, frequency of mentions in institutional research reports, and movements of leading KOL holdings, while being wary of "flash-in-the-pan" narratives that cool off quickly after short-term price spikes. 2. Technology and Ecosystem Dimension 1. Technical Barriers: Assess the innovation of underlying architecture, such as consensus mechanism efficiency, smart contract security, and cross-chain interoperability, referring to third-party audit reports, and avoiding projects with significant vulnerabilities that have not been fixed. 2. Ecosystem Activity: Count on-chain transaction volumes, developer contributions, the number of DApps, and daily active users, paying attention to whether ecosystem incentive mechanisms can continuously attract participants rather than relying on short-term token subsidies. 3. Team Background: Verify the technical resumes, industry experience, and past project achievements of core members, confirming whether the team is transparent and whether there are anonymous teams or cases of false background packaging. 3. Funding and Liquidity Dimension 1. Funding Structure: Prioritize projects with high institutional strategic investment ratios, clear private placement rounds, and reasonable valuations, while being wary of large private placement chips about to be unlocked, which may pose a risk of price dumping. 2. Liquidity Level: Monitor the listing status on mainstream exchanges, 24-hour trading volume, and buy-sell depth, avoiding "zombie coins" with extremely low trading volume and excessive price spreads. 3. Token Economics: Analyze the token allocation ratio (team, community, ecosystem, private placement share), unlocking cycles, and destruction mechanisms, ensuring that the token inflation rate is controllable and that incentive mechanisms favor long-term holders. 4. Risk Control Dimension 1. Regulatory Compliance: Pay attention to the project's registration location, whether it has passed compliance reviews, and whether there are clear anti-money laundering (AML) mechanisms, avoiding anonymous coins and high-leverage derivatives tokens that may touch regulatory red lines. 2. Market Sentiment Correlation: Assess the correlation between the token and Bitcoin trends, as coins with overly high correlations are easily affected by market fluctuations, while those with independent market conditions have stronger risk resistance. 3. Extreme Market Performance: Trace the project's price resilience during bear market crashes and bull market corrections, prioritizing coins that can traverse cycles and have declines smaller than the industry average level.$币安人生