Some people asked me $ENA has risen so much, can I still buy it?
Some people also asked me $ORDI is already high, can I still buy it?
Why did $SAGA suddenly plummet so much, can I enter the market?
Although the CPI data released last night was not very good, it was also in line with our previous expectations
Against such news background, the market is actually using this time to absorb chips, that is, quietly collecting chips to prepare for the subsequent rise. This round of market rebound is very strong, mainstream currencies such as Bitcoin are rising, but some other small currencies are not outstanding, and everyone may be waiting for Bitcoin to break through a higher price.
We have said before that when prices fall, it is a good opportunity to increase positions or buy at the bottom. I think after the release of CPI data, the market decline may cause some investors to panic and leave the market. I also wanted to increase my position in ETHFI yesterday, but I failed to add it, and later I almost didn't connect with ENA. But it doesn't matter, there are always opportunities.
Coins like ORDI just give us the opportunity to get on board. I am optimistic about it and think its price still has a lot of room for growth.
And Saga: First of all, the 90 million SAGAs in circulation in the early stage were mainly sold by airdrops and retail investors who mined. The selling pressure in this part was not very large, and the next token unlocking was in August, and there were only 20 million airdropped tokens, so there were only so many tokens circulating in the market before August. For a public chain project, this position is completely fine.
Secondly, as a Binance-first project, SAGA must have received strong support from Binance. Since it has Binance's support, Binance will definitely make it a star-level project. The current circulating market value is just over 500 million, which is completely underestimated.
As for why there is a lack of growth now, it is actually easy to understand, but it is not convenient to explain here. If you want to understand, you can choose to join my small circle. Joining the small circle not only has a detailed analysis of each project, but also has more high-explosive tokens in advance, so that you don't miss this round of bull market.
Let's talk about UNI. Although it was warned by the SEC this time, it was just a warning, which is similar to the situation when Gao B'an was warned before. Everyone knows that this warning may be for some purpose.However, this bad news did cause some holders to leave the market, causing the price of the currency to fall. If UNI has a big problem like FTX, the price of the currency may be greatly affected, but it seems okay for now.
What do you think? Welcome to comment in the comment area!
