September 17, 2024

The three altcoins launched on BN yesterday, TURBO and 1MBABYDOGE, were relatively normal, but there was something wrong with NEIRO. Because there are two NEIROs on Ethereum, one is called Neiro and the other is called NEIRO (we use NEIROETH to distinguish them). Although yesterday's launch announcement has smart contracts and official websites that can be checked, NEIROETH was launched on the contract market before yesterday. Some people assumed that the Neiro launched yesterday was NEIROETH without a second confirmation, so they bought the bottom of NEIROETH on the contract market, and the price of this coin fell from 0.15 to 0.07, a halving.

What's funny is that I saw a big V with more than 40,000 followers on Twitter shouting in his paid group that he wanted to buy NEIROETH at the bottom. Not only did he lose tens of thousands of yuan, but he also cheated his fans. I can only say that there are still many monsters in the cryptocurrency circle. They can call themselves big Vs without even knowing the most basic smart contract query. In addition, after BN announced the launch of spot trading, the market value of Neiro rose from 20 million to 160 million US dollars, a full 8 times increase. Binance's listing effect is still obvious.

Although this MEME has not attracted many people and the number of addresses is only over 10,000, I want to say that in the big circle of B circle, sometimes you are lucky enough to buy a project and get a reward. The 8-fold wealth effect in one day may not happen to most people, but as long as you don’t leave the market, you will gradually get closer to this opportunity. As for the recent criticism of BN’s listing strategy by the community, the fundamental reason is that these coins have not made retail investors make money, and this market is indeed annoying. Projects worth hundreds of millions are launched, but where does the money go? It is worth pondering.

The recent market may still take a while, from a few weeks to 2-3 months, but once the interest rate cut is implemented after the Mid-Autumn Festival, the market will become clearer. In my opinion, the market has a strong bottom signal. The most important thing is whether there will be a final drop, and the market price will reach 4000? This is what the market is most concerned about. In addition, how long will the bottom shock last? These will be seen in the short term after the interest rate cut. We will continue to wait.

Thank you for your attention and likes. Happy Mid-Autumn Festival.