There is an unwritten rule in the cryptocurrency circle: the more a coin is criticized, the stronger its rebound will be!

Recently, Ethereum was criticized by the whole network. Vitalik was criticized for dating and the foundation was criticized for selling coins. The reasons were listed: PoS has no upper limit for issuance, the foundation has insufficient funds, and the applications on the Ethereum chain have been transferred to L2. What is the result? The price of Ethereum fell to 2100 after the whole network Fud, and rebounded by more than 20% to above 2500 US dollars, and there is a trend of continued rise. History has once again proved that when a coin is criticized to the extreme, it is not far from the bottom.

The criticism is a direct reflection of market sentiment. When retail investors no longer want to hold stocks, it means that the price has bottomed out. Recently, I checked the square and found a coin called DODO that was criticized a lot. It seems that the reason for the criticism is probably because of excessive advertising and promotion, as well as a 99% drop from its high point.

I dare to give everyone faith in Ethereum because of its fundamentals and value. Let’s put aside the price of DODO for now and see whether it works from the logic of value investment.

DODO started as a DEX on BSC in 2020. After several years of development, its product line has included DODO X (cross-chain aggregation transactions), crowdfunding pool building (initial token issuance), different types of liquidity addition and mining incentive models. In terms of the performance of DeFi products, it is fully functional and relatively mature. As an old DeFi player, I actually watched DODO along the way. I have used the products but never bought the coins.

DODO's one-click coin issuance function has been mentioned many times. DODO still has an advantage in this regard. In addition, the Meme market is hot. DODO is preparing to build another platform focused on Meme, which has the opportunity to take advantage of this wave of traffic and attract more users. The most famous thing about B circle is coin issuance, but the core of coin issuance in the future is whether there is a market, not a technical issue. After all, DODO can do it.

It can be seen that DODO's products can be combined with the current hot tracks and topics. The feature of Meme is to issue coins, and you can issue commemorative coins for your cats and dogs. Another example is BTCFi, which can also be cut in, because the liquidity advantage of the previous stablecoin pool can be completely copied, and there is also a mature incentive mechanism. The future roadmap of DODO will focus on BTCFi and Meme as two tracks. It is also worth noting that DODO will also issue its own chain. After the development and maturity of technologies such as OP, this has become the evolutionary direction of most projects.

Overall, DODO's fundamentals are still good. After all, the product has been developed for so long and is still trying new directions. However, the current TVL is only 50 million, and it still needs more efforts for a DEX. In addition, the price has risen a lot in the short term (in fact, when I saw DODO being criticized two days ago, it was only 0.11-0.12), and the total market value has reached 100 million US dollars. However, considering that BTC may lead to a correction when it encounters pressure, I think it is better to put DODO on our watch list, after all, Binance has invested in it. #DODO助力Meme发行

This article is a personal opinion and does not contain investment advice, DYOR.