Market trend:

The market is volatile. The market liquidity is insufficient, and there are many opportunities in small and new coins on the chain. At the end of the last bear market, there was speculation on the capital market, and this round has changed to speculation on local dog US stock fluctuations.

The Fed raised interest rates by 25 basis points in July, but did not indicate whether it would raise interest rates in the future. However, the overall rate is dovish. This round of rate hikes has now been 11 times, with a total increase of 525 basis points. The interest rate has also risen from 0.25% to 5.5%, basically reaching the highest interest rate level since this century.

Market hot spots:

1. Sol and Kas of L1 rose. Sol has good fundamentals among heterogeneous chains other than ETH, and the project is still working. Since the FTX incident, it has fallen compared to other L1s, and there is a certain expectation gap. Sol's ecological Ray followed the rise.

2. RWA's COMP and MKR rose. MKR's small and steady increase, A16Z's goods are almost sold out.

3. The rise in e-commerce OGN was mainly due to short squeeze, and the short selling fee rate was -0.4%.

4. Trading robots Unibot and Wagie rose. Unibot benefited from the surge in on-chain local dog Bitcon (Harry) and other stocks. The main application scenario of trading robots is to attack local dogs. However, Wagie has recently been rumored to have opened a market with a rat warehouse.

5. The meme bitcon (harry) hit a new high. Bitcon is currently the most popular meme with a market value of $100 million.

What do you think of the market going forward? Will there be another sharp drop?

I think the market will tend to continue to fluctuate upward, because now that interest rates have reached the highest level, the probability of another rate hike this year is very low, which means that this will be the last rate hike this year!

It should be noted that the interest rate cut will not start so soon this year! It will definitely be dragged on and maintained at the current high level, so funds cannot come in, but a sudden drop, falling back to less than 20,000, is a low probability event!

I think it is good enough if I can sell out more than 5 levels of positions within 20,000-35,000.

As for small currencies, we should focus on screening, avoid targets with too much selling pressure, and select leading ones for gradual allocation.

I think VELO will be a huge opportunity in the next rebound:

The investment rating of velo is upgraded to be as recommended as the previous pendle. The main reasons are as follows:

1: In the short term, the BaseChain narrative, and Velo will open a sub-project on Basechain and will airdrop tokens to veVelo. However, this is more of a positive sentiment. There may be a small amount of selling pressure after the airdrop.

2: In the medium and long term, the marginal improvement effect of the entire OP ecosystem is obviously the best in Layer2. On the one hand, fundamental data such as transaction volume has increased significantly. On the other hand, the superchain narrative brought by the OP stack has the best attention and sentiment aggregation effect for the entire OP ecosystem.

3: Velo is a Ve(3,3) project. The key to the success of ve33 still depends on its ecosystem and the entire industry cycle. With the gathering of emotions in the OP ecosystem and the fact that OP does not actually have any super applications, it is foreseeable that there will be star projects appearing in OP in the future. As the largest dex of OP, Velo can capture the overflow of emotions and fundamental benefits very well.

4: As the interest rate hike cycle comes to an end, I believe we are at the end of the bear market and on the eve of improved liquidity. In the general upward trend, Ve33 can easily achieve a positive spiral.

5: Many people don’t like Velo because of the high emissions brought by the Ve33 model, and they are unwilling to stake for a long time. But in fact, there are many projects on Op that focus on Velo. For example, Extra can achieve an annualized 200% velo-based return by forming LPs through leveraged lending. It effectively resists emission inflation. And there is no need to lock positions for a long time.

eos will explode next month

EOS was once considered one of the most promising blockchains in the Layer 1 space. At the time of its launch, EOS was a top-5 cryptocurrency by market cap. But since then, EOS has failed to live up to early expectations, which community members largely attribute to a lack of development and investment by the founding team.

In 2021, the EOS community began to reverse direction, first formally distancing the founding team from the project. Under the leadership of the EOS Network Foundation (ENF), which is composed of the community, the community voted to freeze the token release contract of the founding team in 2021 and to launch the next generation of the blockchain in 2022 under the leadership of Yves La Rose.

Blockchain protocol Antelope to replace the EOSIO protocol.

According to a press release from the EOS Network Foundation, Antelope is an open framework for building the next generation of Web3 products and services. It can achieve millions of transactions per day through an innovative DPoS algorithm. Global developers and companies can build a wide range of applications such as DeFi, supply chain management, NFT, and games on this protocol.

EOS is currently trading at $0.77, with a current market value of $880 million, ranking 52nd among all cryptocurrencies. It is expected to hit $1

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