Which is the next explosive coin? You must grasp the wealth code!

七月QY · 2023-07-19T06:54:11.000Z

The trend of the pie is like being deliberately pressed and held up by a big invisible hand; without the consent of this big hand, neither the bulls nor the shorts can move; don’t talk to me about liquidity, I don’t think the current situation is It is caused by insufficient liquidity. XRP's positive wave has driven the market, and BTC has obviously been held down by a wave of funds. In this case, I would think more of it as not having enough chips. Some people may argue that why not just smash the disk down and then smoke it? Just smash him to death like in previous years? All I can say is that the form is different: 1. Several rounds of bull and bear baptism. Now the neighbor’s dog knows to hoard BTC, and the 400 million crypto users are highly aware;

The trend of Bitcoin is like being intentionally pressed down and supported by an invisible hand; without the consent of this hand, neither the longs nor the shorts can jump up; don’t talk to me about liquidity, I don’t think the current situation is caused by insufficient liquidity. XRP’s positive news drives the market, and BTC is obviously being held down by a wave of funds. In this case, I think it is more because the chips are not absorbed enough.
Some people may argue why not smash the market down before sucking it up?
Is it the same as in previous years? I can only say that the form is different:
1. After several rounds of bull and bear baptism, the neighbor's dog now knows to stock up on BTC, and 400 million crypto users are highly aware of it;
Second, the BTC halving will be around April next year, which will force those institutions that are ready to enter the market to wait and see. If there is no black swan in the next 9 months, it will be easy to sell chips easily; even if it is to be sold, it will require huge negative factors to cooperate;
3. The most difficult stage of the financial environment has passed. Although there are still interest rate hikes, they are coming to an end. The funds that have survived can be used to make money again. So I think 30,000 is a relatively stable price for absorbing funds. It may be the main force, it may be new institutional funds, and it is more likely to be exchanges. Why is it most likely to be exchanges? After the FTX incident, more and more users like to keep their coins in their wallets, and the reserves of exchanges are far less than before.
To sum up: First of all, I think the purpose of the current sideways trading is to absorb funds, not a liquidity issue; secondly, the probability of bullishness after sideways trading is much greater than bearishness, and even if the contract is inserted for the purpose of exploding, it can be pulled back quickly; finally, if the big cake is sideways at this position, the altcoins will become active and you can ambush the currencies that have rebounded, and do not chase the rise and sell the fall.
The sideways movement of the big cake is giving copycats an opportunity!
The Cancun upgrade is likely to happen in Q4, or possibly in 2024. The first benefit is the second layer: Zk (unissued), ARB, OP. The second benefit is derivatives: GMX, GNS, IMX, COMP. The third benefit is applications: MAGIC, RDNT.
Binance supports the hard fork upgrade of $IOTX and $ONE. The content of the hard fork upgrade. Good news can be paid attention to!#IOTX$IOTX is an IoT public chain. The content of this upgrade is as follows: 1. Optimized the staking system 2. Increased the staking ratio of the IoTeX blockchain 3. Optimized the development system, so that developers can more easily develop staking-related dapps on loTeX L1 Evaluation: Optimized the staking system, increased the staking ratio of IOTX, and is good for #ONE. Previously, the fees collected by the public chain were directly destroyed. The proposal suggests that the fees collected will be changed. 50% is allocated to the multi-signature wallet for infrastructure costs 50% will be directly transferred to the community multi-signature wallet Every month, the community will decide whether to use the collected fees to support DApps, developers, rebinding, etc., or destroy these fees.
Comment: It strengthens the incentives for developers, but reduces the destruction, which is good.
Recommended RWA coins for the 2024-25 bull market
RWA, which stands for "asset on-chain", is the process of converting the ownership value (and any associated rights) in tangible or intangible assets into digital tokens.
Tangible assets include: real estate, artwork, precious metals, vehicles, sports clubs, racehorses, etc.
Intangible assets include: stocks and bonds, intellectual property, investment funds, synthetic assets, revenue sharing agreements, cash, accounts receivable, etc. The earliest RWA: BTM Bytom Chain.
The most successful RWA: digital dollars USDT and USDC, which map the US dollar to the chain and tokenize it. Stablecoins have subtly influenced the entire crypto industry and have become an important cornerstone.
COMP：
1. Launch Token in June 2020, transfer the governance rights of the Compound protocol to the DAO organization, and use COMP coin as the core governance token.
2. On June 29, the founder of Comp announced the establishment of a new company, Superstate, targeting the current hot narrative RWA and has submitted a short-term government bond fund prospectus to the SEC. Comp has sufficient experience in the RWA track.
3. In 2021, Comp has already cooperated with Fireblocks and Circle to allow institutional clients such as fintech companies to convert
For USDC, these USDC tokens will be held on Compound at a guaranteed interest rate of 4%, which was far higher than the U.S. Treasury yield at the time. The reason recommended by Zhu Su, founder of Three Arrows Capital, was built by Bear.
MKD：
An Ethereum-based protocol that facilitates collateral-backed loans without the need for a middleman.
First, the monthly expenses of the agreement have dropped from 5 to 6 million US dollars before to around 2 million in June;
2. Convert collateral from interest-free stablecoins to government bonds or stablecoin financial management;
3. The founder Rune sold LDO and other tokens in the secondary market and continued to repurchase MKR for many months, which gave the market enough confidence. Zhusu recommended RWA on-chain yield. Recently, a16z and the MKR founder team had disagreements on the ideas in the short term and transferred MKR worth about US$5.9 million to Coinbase.
GHOST:
The leader of decentralized financial protocols, one of the DeFi tokens with the highest market value, and the leader in DeFi lending, invested by Carnaby Capital and Interchain Ventures, Aave has just activated GHO stablecoin on the Ethereum mainnet, and Zhu Su recommends surviving multiple risk management experiments.
SNX：
Decentralized synthetic asset issuance and trading platform, paradingm, a16z investment, RWA business scale exceeds 680 million US dollars, contributing more than 58% of revenue, zhusu recommends the long-awaited UI UX enhancement
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