Hello, fans and friends, welcome to the president's channel
The bitcoin market has been in a weakening trend. Everyone is waiting for a pullback to take effect and then implement a bottom-fishing strategy. The president’s current view is basically the same as the mainstream trend. The overall trend of bitcoin is bound to go up, but this road is not an upward trend. There will be many difficulties and setbacks in the middle. The president gives his brothers a confidence that they should hold on, and dawn is just around the corner. The current decline is just to facilitate a better rise later. A famous saying is that money can’t buy a bull back! Now is a time when cheap chips are everywhere. If you don’t rush now, when will you? To use a sentence from my friend: Don’t hesitate, or you will lose!
Next, the president will take the brothers to look at the relatively valuable information from yesterday and today
News: On April 27, Forbes published an article on March 27 listing the top 20 zombie tokens in the crypto space with a market value of more than $1 billion, including: XRP, ADA, BCH, LTC, ICP, ETC, XLM, STX, KAS, THETA, FTM, XMR, AR, ALGO, FLOW, EGLD, BSV, MINA, XTZ, EOS. Forbes defines zombie tokens as assets that have little use other than speculative cryptocurrency trading. For example, according to Messari data, XRP has a market value of $36 billion, while Ripple's XRP only spent $583,000 on processing transactions on its network last year. According to Wall Street, this means that XRP's price-to-sales (P/E) ratio is 61,689. In contrast, Nvidia has a market value of more than $2 trillion, annual revenue of $61 billion, and a P/E ratio of only 37 times. Another example is Ethereum Classic (ETC), which has a market cap of $4.6 billion, but generates less than $41,000 in fees in 2023. Other examples include ADA, which Forbes believes is proportional to the popularity of its founder, Charles Hoskinson, but this is based on a lie. Hoskinson claimed to have dropped out of the PhD program in mathematics at the University of Colorado Boulder, but the school said that Hoskinson was only an undergraduate dropout. For many years, Hoskinson has hinted that Cardano will work for the Defense Advanced Research Projects Agency, a famous research department of the Department of Defense, but there has been no clear news. However, he himself owns an 11,000-acre farm in Wyoming and recently opened an anti-aging and regenerative medicine center in the town of Gillette.
The president summarized for the brothers what Forbes meant, that is, there are 20 tokens with very high market capitalization but whose value is disproportionate to their practicality, and Forbes also listed those tokens. When brothers are purchasing tokens, one principle to keep in mind is to speculate on new ones rather than old ones, and at the same time, do not have faith in any altcoins other than Bitcoin.
Contract: The president's suggestion is still to buy at a low position in the long term, and do not blindly place orders in the short term. The precise position will be given in the community later. Sol can place an order near 125, and brothers can boldly enter the rudder!
For copycats: Brothers can consider ambushing Ethereum Layer 2 and meme coins. Musk has been very active in Arkm recently. But you must set a stop loss, and don’t be too greedy, don’t think about eating a fat man in one bite.
