The BTC price is still below the daily MA30. Technically speaking, this is a weak performance, but judging from the trend, it has not deviated from the shock range formed in the past 50 days. The overall trend is still a continuation of the previous adjustment structure!
This round of market is fundamentally different from the 19-year bull market:
In 2019, the Mavericks rose 300% in 140 days, with a rapid trend!
This round of market has increased by 200% in 420 days, and it is rising and falling at the same time!
This is related to a series of factors such as the market environment and the size of the market. Taking the news as a reference, the possibility of using time to exchange space here is the greatest, rather than the wash-out method of using space to exchange time after the Mavericks in 2019!
At present, the spot currencies have basically been adjusted in place. I have recently been buying my favorite long-term varieties in batches, such as BLUR and CFX. The various currencies added together have unknowingly reached about 5 levels of warehouse. In the bull market, reducing swings and leverage, long-term spot will give us the most generous returns!
As for inscriptions, Bitget has already overtaken its competitors and was launched before Binance. The second spring of the inscription market is not far away!
Of course, if there will still be a way of washing the market by exchanging space for time in the future, I will refer to the Bitcoin price in the range of 40,000 to 38,000 to start adding positions. If there is a chance to insert a needle below 33,000, the sunny day will come... You know, you have to take a gamble for yourself once in life, otherwise what is the difference between you and a salted fish!
Finally, I would like to remind you that almost all coins will rise in a bull market, it is just a matter of how much they will rise. In terms of selection, low-priced and narrative ones are preferred; in terms of operation, allocate positions to buy and hold on. You should look at the market's correction rationally, don't swing your long-term positions, don't think you are a short-term expert, and don't show off your so-called skills in front of the absolute strength of the banker. The bull market wave cannot be bought back, just use the money you can afford to lose to complete a cycle!
We come to the cryptocurrency circle to cross classes, and we need to understand what kind of money we can make. Most of us can make money from the return of high-quality copycat value to price discovery. The normal logic is that we make small money and then make big money. But suddenly you buy a new project of Tugou meme and make a lot of money, that is our blessing!
Is L2's hot favorite $Manta worth betting on?
Binance will open $Manta trading at 6pm. Here’s a few words to summarize Manta:
1. The first Ethereum L2 using Celestia as the DA layer
2. Aims to provide a ZK application development environment with a lower threshold
3. And provide users with a more friendly ZK application access environment
-Token Economy
In addition to Binance new coin mining, Manta's overall token economy can be divided into three parts: belonging to investors (red part), belonging to the community (blue part), and belonging to the project team (orange part).
From the perspective of the three major factions, the distribution of tokens is relatively equal, each occupying 1/3 of the overall share. The initial airdrop portion is almost completely released (including new coin mining), and the other two major factions are planning linear release (the initial release of the two airdrop activities accounts for 10% of the total).
In addition, Manta's TVL currently accounts for 3.9% of the entire L2 track. If ARB&OP are excluded from the data, it only accounts for about 17%.
From the TVL change trend in the chart, we can see that thanks to the airdrop activities, the growth curve is very steep. Although it has slowed down at present, with the issuance of tokens, the ecology will be further promoted, and this trend will most likely continue.
-Can I rush? How can I rush?
In fact, many people jokingly call Manta a "three-surnamed slave" because it has indeed incorporated too many elements in its past development process. From the infrastructure camp, it is divided into: Polkadot, Ethereum and Celestia.
If we count the narrative concepts, there are: Polkadot system, ZK, L2, and modularity.
It seems that we have been chasing the industry narrative all the way, but with the current issuance of tokens, the tone for the future has basically been set - ZK modular L2.
At least the team’s resilience is worthy of recognition. In addition, with a series of “concepts”, project differentiation in the L2 track is also very obvious.
Under the modular technology trend, I believe that although it may be affected by the recent negative sentiment of Binance's new coin mining after it goes online, it is still a very worthy L2 target in the medium and long term.
As for the opening price, I think if 1U is okay, 2U is not cost-effective, and 3U is unnecessary in the short term. Sunny predicts that it will be around 1.2-1.5.
