Simplified version: Analysis of the potential and trading perspective of the BTC ecosystem stablecoin lending protocol $SMILE
Project Background: $SMILE is a stablecoin lending protocol based on Bitcoin, similar to the 'Asian version of MakerDAO,' now launched on Bitget, coinciding with Bitcoin hitting a new historical high.
Market Timing: Trump's election brought bullish sentiment to the market, and DeFi projects also saw a general rise.
Project Features: $SMILE is an Asian project with a total supply of 210 million, a circulating market value of about 12 million USD, and an FDV of approximately 88 million USD.
Bullish Factors: Driven by the BTC ecosystem (especially after BTC ATH), DeFi sector, new cryptocurrency, low FDV, and has not yet attracted widespread market attention.
Potential Risks: Liquidity issues, similar to the challenges faced by most new projects recently.
Investment Strategy: Small position, expecting to hold for the medium term, and sell opportunistically after the BTC ecosystem reflects this upward trend.
$SMILE
