Why did the two currencies with the same name, $NEIRO, plummet while the other soared?

The contract on Binance before was capitalized NEIRO, while the newly launched spot was lowercase Neiro. The two are not the same coin, and the prices are also very different. The market thought that the spot to be launched was capitalized NEIRO, but it turned out to be a mistake, causing the capitalized NEIRO to plummet when the official news was released that lowercase Neiro would be launched. I personally tend to think that this simple mistake was intentional. Well, anyway, as secondary market investors, we only talk about the issue of returns.

Next, let’s focus on analyzing whether these new coins can be purchased at this stage?

I think most of them can’t, including the three newly launched meme coins.

First, like the previous VC coins such as Zro, the market value is too high, the market expectations are too high, and the circulating market value is small, which leads to the peak of such coins when they are launched. They will continue to depreciate after the tokens are unlocked.

Secondly, many meme coins have been listed recently. Since most of the newly listed meme coins only have popularity but lack products, they cannot generate value continuously. Once the popularity fades, the price of the coin may continue to fall. Therefore, I think most new coins, including Neiro, are not suitable for spot purchase at the current price range, and are only suitable for short-term operations and short-term transactions.

The two biggest key factors of the bull market:

The first is the influx of a large amount of funds, and the second is a powerful narrative to take over. Both are indispensable!

This round of the market is actually quite awkward. It is not like Defi in 2020 and Gamefi in 2021, which have new narratives to attract external funds. Once there is no narrative relay, Meme is the best narrative, because the market has no new carriers, and meme, a pure value consensus model, is forced to become a liquidity carrier;

I said before that a possible path is that external funds pile these meme coins to a certain height, resulting in a lack of heat and the market has to accept the mainstreaming of MEME in the short term!

The exchanges only look at the popularity and market reaction, so Binance’s move is not surprising. What He Yi said makes sense. Under such popularity, highly valued VCs are just making money, so it’s not too much to just find some undervalued ones to test the waters!

Tonight is destined to be a sleepless night, are you ready?

Federal Reserve rate cut decision

The countdown is less than 16 hours. The interest rate meeting will be held at 2 a.m. Eastern Time. It is finally here after such a long wait. Are you ready?

The market is too optimistic and has overdrawn the positive effects of a 50 basis point rate cut in advance. The positive effects of the rate cut will be realized tonight. If the rate cut tonight is 25 basis points, there is a high probability that there will be a drop.

As the saying goes, the greater the hope, the greater the disappointment. There was a rush for speculation on a 50 basis point rate cut. If the rate is still cut by 25 basis points in the evening, those who bet on a 50 basis point rate cut will face great risks.