Here is the latest report from messari. I checked the trading volume of Binance. It is very small, but it keeps rising. Something is wrong. So I did some research and found a better opportunity than LPT (in addition to a good narrative, it even means a more valuable coin). You can see this first:
OWeb Links

This chain is dedicated to depin. I am considering buying mobile, etc., which is limited by business development. Investing in the depin public chain would be a better choice. The recent data of this chain is quite impressive, with great growth. This is something that foreigners like to play with.

I have talked about the logic of Depin Mobile, which is mainly multi-flywheel pull, but the number of users is a public indicator and will affect the valuation (imagination)

As the first public chain of Depin and recognized by the West, what is it like? I carefully dug it out:

1. In the fourth quarter of 2023, IoTeX's network transaction fees increased significantly, with a quarterly growth rate of more than 3000% to more than US$212,000.

2.iotx developed a so-called W3bstream to serve the depin project. This middleware is very similar to the tia coin! No matter what chain it is, you can use it. What’s more, it is developing faster than tia’s actual business. Currently, Ethereum, IoTeX chain, Solana, Polygon, Arbitrum, Optimism and Conflux all use it.

The most important thing is the recent announcement of integration with Sol. All DePin projects on Sol can use IOTX technology - including RNDR, Mobile, HNT, etc.

3. I won’t mention things like confidentiality, privacy, and domain names as they are too unpopular.

4. There have been unusual price movements recently. I noticed that the sell orders are very thin, but the buy orders are quite large, a bit like a giant whale absorbing shares.

6. There are many highlights in financing. Institutions include Jump, Samsung, etc. Among them, Jump may be the strongest market maker, and TIA has it.

After looking at the financing situation, I found that there were four rounds of financing in total, two of which were publicly disclosed, totaling 35 million US dollars, and two rounds were not disclosed.
Because financing has lock-up and time costs, according to our usual algorithm, the $35 million is public, assuming that the undisclosed amount is the same, then assuming it is $70 million in institutional financing. Generally speaking, it would be good if the secondary level can receive several times the amount - after all, if you look at all the new public chains now, such as tia, they are hundreds of times.

70 million US dollars, about 300 million in circulation, 4 times, not bad?

And pay attention to the trading volume. At the time of my post, Binance's 24-hour trading volume is 10 million, so it looks like it has risen from the bottom, but in fact it doesn't take much buying to see it rise.

7. Compare the valuations. Let’s look at the valuations again. The current fdv is over 400 million, but 40% is pledged, so the circulation is over 200 million. Doesn’t it seem high for a public chain? After all, any public chain now starts at several billion US dollars, and some even go up to tens of billions.

I am thinking about a question. If depin is the favorite thing of foreigners, then the first public chain of depin is now worth more than 200 million US dollars, which is good. I even think it is better than buying the depin project. Either don’t speculate on depin, or the narrative of the depin public chain is easy to understand.

As the leading public chain of Depin, it seems possible that the market value can reach 3 billion or 10 billion?

Of course, it’s all narrative and emotion, just recognize the rules of this speculation world.

Combined with the position allocation we talked about this morning, I think if you want to buy value coins and don’t want BTC, then iotx is obviously much better than arb op and the like. Where can those tens of billions of dollars go?

I still prefer those that grossed 100 million or 200 million yuan, but there aren’t many that have a strong narrative.

I know that many people dare not buy when they see the skyrocketing K-line. I suggest you consider it from the perspective of valuation, risk = return. If you want to wait for it to fall and buy it (the second investment logic of myself: I would rather have xx than xx, veterans please fill in the blank), then I think around 0.07 is good.

#IOTX物联网+AI $IOTX