What strategy should we adopt for tokens that are going down all the way?
There is only one strategy: waiting for the trend line to break through
To give a more obvious example, $G is a token that has undergone a brand upgrade, but after completing the upgrade and replacement, the price has basically been going down all the way
Although there was a relatively large rebound before, this rebound continued, but it rebounded by 0.618 and then went down. The current price has not broken the trend
The latest pressure level of this trend line is 0.385, and this position also happens to have structural resistance
From the empowerment of tokens, their brand upgrade this time is not just a slogan. At least I think the fundamentals are supported. I don’t think this upgrade will be aimless. It is estimated that a new round of financing information will be released later
It may be an investment in the ecosystem. After all, to build a chain, it is necessary to develop the ecosystem. #Gravity先行主网上线 is still worth paying attention to, especially the first ecosystem above
Currently, the token $G is positioned as the circulation token in the Galaxy ecosystem + the GAS of the chain. The current valuation level is in the normal range, at least compared with some new infrastructure VC coins that have just been launched, the valuation level is not high
Plus its circulating market value is also above 60%, which is worth paying attention to in the long term, because Glaxe really has a lot of active users, and it belongs to a relatively rare large user group ecosystem in the industry