🐍 2025 is the Year of the Snake in the Lunar Calendar
👑 #Cardano chain is the top ecological token and meme coin in terms of market value and trading volume 📈 Belief in the never-liquidated leverage of $ADA , with significant market cap potential 🌎 A global meme brand with a unique cultural gene 😇 Fair distribution, zero allocation to the team, full circulation of tokens, deflationary mechanism ✨ Top-tier operations, rich product offerings, regular buybacks and burns 🫶 Strong community consensus, having undergone multiple market cycles, with an average holding period of over 330 days
1) On Saturday while cooking, I saw $TRUMP issuing tokens. I directly overlooked it due to the token design, and later recalled various emotions, selling 5% of $BTC and other short-term positions;
2) Reorganizing the narrative logic of $BTC $ADA $SNEK;
3) This morning, Mrs. Trump continued issuing tokens. I watched for ten minutes, noticing a large price difference between on-chain and exchanges, prepared to short 10u but later gave up.
You did not miss out because those opportunities were never yours to begin with.
This Round of Bull Market $ADA Narrative Logic V2.0 📈
- US Policy Easing and @IOHK_Charles Government Relations - Introduction and Expansion of Stablecoins, such as @Ripple RUSD - Cross-Chain Cooperation, such as Bitcoin and Ripple - Major Ecosystem Tokens on Top Exchanges, such as $SNEK - @MidnightNtwrk Airdrop - #Cardano On-Chain Governance @IntersectMBO - Successful Commercial Projects, such as $IAG and $WMTx
Why do exchanges need time to list Cardano ecosystem tokens?
1/ Infrastructure: Not all exchanges are ready, Kraken is like this, they have to spend money to get development resources, if listing Cardano ecosystem tokens is worth it;
2/ Trading volume: Cardano ecosystem trading volume is much lower than other chains, exchanges will pay attention to trading volume, first-tier exchanges need daily trading volume greater than 5 million US dollars, SNEK meets the requirements (the project with the largest trading volume on the chain), and the average daily trading volume in the past two months is 8.4 million US dollars;
3/ Candidate list: There are too many projects to be listed on the exchange, and the priorities are different. Even if SNEK passes all the standards, some exchanges may also choose to list other projects first;
4/ Exchange competition: If the token is listed on Bybit, OKX or Binance, other exchanges will usually follow immediately. If it is listed on other competitors, they may wait for the big exchanges to list before considering it.
5/ Money: Most first-tier exchanges require marketing fees or listing fees, and SNEK has enough resources to pay (6-7 figure fees).
Six months ago, someone had a heated debate with me about the bull market potential of $SNEK. He believed that other projects within the ecosystem offered better value for money and he understood them better.
Even though he entered at a low point, he sold all his positions when @snek just took off last November, making a considerable profit. However, the SNEK/ADA exchange rate remained doubled, while other holdings were trapped.
I can understand the inspiration that value investing brings to most people; once you make a move, you must not regret it. When the bull market hurts enough, you'll understand.
Investment positions represent your understanding and beliefs.
Position refers to a percentage, not an absolute value, as the latter is more likely to induce anxiety and panic when compared.
- Small position, the impact of fluctuations on the investment portfolio's performance is limited; - Large position, you will pay extra attention to all aspects of the project.
You may think you have many selection criteria, but the first step to advancing is to change your mindset and end double standards.
Last night a friend said that the @snek Chinese Telegram group is one of the few where he reads through all the unread messages from a day, which is the highest praise for the group's management and operation.
$SNEK has experienced a month and a half of sideways movement, yet more than 45% still log in daily to check messages, and the group is filled with hidden talents.
Stay optimistic and learn to think from the other person's perspective; this is also where we can continue to provide value.
On January 10, SNEK team member Rami communicated the progress of the exchange on Discord:
We are communicating with many first-tier exchanges for several months, and most exchanges do not yet have the technical foundation to support Cardano tokens.
SNEK is the first token to pave the way for the Cardano ecosystem. Kraken likes our community. Once they complete the current listing roadmap and release more development resources, they can start to integrate the Cardano chain.
Integrating the Cardano chain is better than listing SNEK. Currently, there is only one Cardano ecosystem token that meets the trading volume requirements. It will take time for SNEK to be listed, but it will definitely happen.
Everything is going well. First-tier exchanges are now the strong side, and we can only be patient.
The truth is simple, but not many people really understand and do it.
I like many Cardano ecosystem products, applications or memes. Whether it is DEX, lending platform or any content that makes people happy, I am grateful for the efforts and construction of the team.
However, if you want to take money from my pocket, you must have sufficient reasons to convince me.
Life Has No Ifs: Holding SNEK Pre-sale Increase Over 1700 Times
A friend was curious about 'how I discovered and participated in the $SNEK pre-sale', so I thought I'd do a recap today.
In April 2023, PEPE launched and went viral across the web, and since then meme coins have surged, with some attempts appearing on the Cardano chain, attracting considerable attention.
On April 28, 2023, I discovered the first message from the official $SNEK Twitter account while browsing Twitter at noon.
As the first project to initiate a pre-sale, its selling point was 'fair and without reservation', the pre-sale lasted only 6 hours, and I was completely unaware of meme coins at the time, contemplating whether to participate during this period.
I asked a friend last night, and @jimohuoshan said:
In any investment market, if it is overheated, you have to run, because heat means more people are paying attention and participating. At this time, the bubble needs more people and money to come in to maintain, but this is unrealistic.
No matter what market, what data, what rules, the underlying logic is ultimately this.
Thinking about the current holdings and past experience, the following are the moments when you really feel overheated:
- $BTC At the end of December 2017, someone gave out a red envelope of 10,000 yuan at an offline gathering outside the circle;
- $BTC In May 2021, someone talked about making money with Dogecoin at a friend's wedding
- $ADA Before the launch of the smart contract in September 2021;
- $SNEK At the end of May 2023, someone asked how to play the#Cardanoecosystem;
- $SNEK In September 2024, before the launch of @snekdotfun, some Chinese big Vs promoted it and the number of people in the group soared.
Even now, even though $ADA and $SNEK have increased several times since November last year, this ecosystem is still deserted, and countless people are still questioning it and waiting for the next moment.
The lunar year of the snake is approaching, and I am very happy that more friends in the Chinese community are willing to proactively contribute and participate.
As of today, the event is ready, and I have personally sponsored more than $40,000 in event funds 🐍
Giving red envelopes during the Spring Festival is a tradition, and 2025 is a special year. What is precious is to stay true to our original intention and work together.
In addition, the topic for the Space two weeks from now has not been confirmed. Everyone is welcome to vote or suggest topics. Thank you very much 🙏
1/ How I discovered and participated in the SNEK presale 2/ The logic behind the launch of the SNEK bull market 3/ The future of SNEK as I imagine it 4/ Why SNEK has more potential than other meme coins