Today, the price of Bitcoin has returned to $65,000. If BTC holders do nothing, the balance in their spot accounts will also increase slightly.
The market has been up and down, and BTC worth more than $60,000 has not attracted new liquidity. The market is relatively deserted, without many new players and no wealth stories.
Last week, my group friends recommended to me the new gameplay of SOLANA, blink. I haven’t learned the details of the gameplay yet, but the NFT of send it, the leading project of the protocol, that I bought, has dropped from 0.5SOL to 0.05SOL.
Send it was launched on Freemint in early July. In just a few days, the floor price rose to 2SOL. Now it has plunged to 0.05SOL, less than 10 US dollars. The rise and fall happened within a few hours.
A group member’s Send It, which originally cost 2SOL, was almost worth 100SOL, but he did not sell it at the high point and it fell back to 20SOL. After seeing that the project could not stop the downward trend, he cleared his position at 20SOL, which was a 10-fold profit in just a few days.
There is another group member who has been sweeping the floor and the price keeps dropping. Now he has swept 140 items, each costing 0.1SOL, and he can’t sweep anymore. The current send it floor has dropped to 0.05SOL.
There is no conclusion yet on the future development of send it. Some people are buying at the bottom while others are clearing out their positions. Take care everyone.
As the leading project of the Blink protocol, send it attracted a lot of attention as soon as it went online, and 100,000 NFTs were quickly minted.
Blink is the abbreviation of Blockchain Links. Blink also means blinking, which is a pun, that is, on-chain operations can be obtained in the blink of an eye;
By embedding on-chain activities into social media with just one link, convenient on-chain interaction can be achieved.
Blinks is a new gameplay recently created by Solana that can convert any Solana Action (such as payment, voting, NFT casting, etc.) into a shareable link.
Users can directly implement on-chain transactions such as mint, swap, vote, donate, etc. by clicking on a link without having to jump to a dedicated NFT or DEX site for interaction.
Blinks can be embedded into various social media platforms;
For example, the mint activity initiated by send it on Twitter allows users to complete related operations directly on Twitter, simplifying the integration method, reducing development costs, and more importantly, improving user experience and reducing the way users enter web3.
Of course, when users use the blink function, they still need to install plug-ins such as phantom or backpack wallet on the web page to achieve a smooth experience.
The Blink protocol hopes to create a more convenient and open web3 entrance, simplify the way to participate in web3, and quickly connect to web3. Through social platforms, it will be easier to form fomo and spread.
No wonder some people say that whoever pleases the community will have liquidity and attention.
The market continues to fluctuate, and no matter how depressed the market is, there will always be people who seize opportunities.
For example, early participants in Send It earned 10 times the profit in just a few days;
Players who followed the trend and got on the bus after it went out of the circle have been trapped at the top of the mountain, and it will take a long time for them to wait for the next time it goes out of the circle.
Looking through the updates of the old OGs in the crypto market, everyone is sticking to their own track and continuing to dig deep; there are also those who chose the wrong track, were eliminated by the market, and had no choice but to leave.
Market hotspots continue to change, with one hotspot after another, and after the hotspot, there is a mess, or even nothing.
Some people can be one step ahead of others and pay attention to hot topics before they become popular and seize opportunities; there are also some people who believe that slow is fast and accumulate little by little to continue staying in the market.
The crypto market continues to develop, but there are still people who do not recognize, understand, or pay attention to it.
As for the players in the market, they should try their best to find their own way of playing, avoid excessive FOM, and appropriately follow hot spots. Only by continuously making profits can they stay in the market and see the future outcome.
The above is just my personal opinion, not investment advice. I am Chuxiaolian, and I am paying attention to the crypto market and web3.
