With the market soaring, unissued currency projects are preparing to be launched. L0 #LayerZero $ZRO L2 #Starknet $STRK Intent #Namada $NAM
The model winner project this time is #Celestia $TIA . It has excellent advantages in project track, launch timing and community praise, and is also a good reference object.
$BTC data comparison between the previous round and this round
last round BTC price highest point: $19798.68 BTC price lowest point: $3156.26, maximum drop of 84.06% The highest point of the 19-year rebound: $13970, the largest rebound increase was 342.61%, accounting for 70.56% of the highest price point
This round BTC price peak: $69,000 BTC price lowest point: $15476, maximum drop of 77.57% The current highest point of the 23-year rebound: $42420, the maximum increase of the rebound is 174.1%, accounting for 61.48% of the highest price point
If calculated based on 70.56% of the previous round’s rebound to the highest point, the highest point of BTC’s rebound should be $48686.4
Welcome today #DeFi Many targets on the track $SUSHI $AAVE $UNI #CAKE rose
#Prisma Finance launches $PRISMA at just the right time, with a price as high as $11 and FDV $3.3 billion
The current mining income is also very gratifying. The APR of $mkUSD single currency and lp mining can reach 400%. Locking $PRISMA can double the APR income at most, which is bound to further boost its TVL growth.
Last week, Binance compiled a list of currencies with low market capitalization and contracts, and specifically reminded those for investment. So far, they are okay.
Due to the delisting of BUSD, Binance is changing its BUSD trading pair to USDT trading pair
In the announcement of adding & removing some trading pairs released today, there is #GFT #CREAM #FTT which was previously marked as a watch label. The addition of $USDT trading pair at least shows that these currencies have no risk of being delisted for the time being and have gained momentum.
Traversing all the currencies marked with the observation label, we found that there is another currency that only has BUSD trading pairs that is not mentioned: #TORN
Tornado Cash was sanctioned by relevant US authorities last year, and Binance is under investigation by the SEC, which may treat the TORN/BUSD trading pair differently.
The circulating market value of $TORN is 11.8M, which is relatively low. According to Arkham's inquiry, Binance holds 1.96 million TORN, accounting for 19.51% of the total and accounting for the majority of the circulating supply.
Whether it is changing the USDT trading pair or delisting it, it will bring about large price fluctuations.
Binance has successively replaced the #BUSD trading pair with the #USDT trading pair. Although the previous innovation zone assets were defined as risky assets #GFT #CREAM , after changing the trading pair, it means that the asset risk has been temporarily lifted and the price has increased.
Recently, the altcoins #ARK $CYBER $TRB $STMX #GAL have taken turns to appear on the Binance gainer list. They have three distinctive characteristics: low market capitalization, contract trading and the concept of #DWF
Therefore, we have sorted out the currencies listed on Binance with a circulating market value of less than $40 million and with contract trading pairs. The currencies with circulating market value from low to high are as follows
Among the above-mentioned currencies, DWF Labs has clearly disclosed its investment in $AMB, using $2 million in exchange for 250 million AMB. The corresponding price is $0.008, which is not much different from the current price. However, there is a lock-in period when signing the agreement. Calculated according to the rules, it has With one third unlocked, $AMB’s current circulating market capitalization is $14.31 million, which is relatively low and therefore worthy of attention.
The only problem is that $AMB has been marked as a risky asset by Binance and may be delisted.
Looking at the fundamentals and plans of $AMB, it is basically to put DeFi on the chain.
#FTX is about to start selling the currency holdings
In addition to the most liquid #BTC with about $600 million and #ETH with $230 million, it is worth noting the currencies that account for a higher proportion of circulation
Among them, $SOL and $APT both account for more than 10% of the circulation. Due to the restrictions of the unlocking plan, it may not cause a deep drop in the short term, but the long-term impact will be far-reaching.
$STG has the highest proportion
$BIT has been converted to $MNT, which may not have a direct impact
#Curve The founder sold more than 160 million coins to institutions/investors through OTC at a price of $0.4 $CRV in exchange for $64.2 million, relieving the last lending crisis
Currently, CRV has dropped to around $0.4. Are investors still willing to buy at institutional prices?
After looking at the founder’s address, I still owe the lending platform #Frax #AAVE #Inverse #Silo , totaling more than $42 million.
Among them, the price difference between TRB and UNFI futures and spot prices has exceeded 10%, and the fee rate has reached -2%; based on previous experience, big fluctuations are about to hit.
The chain game sector has not yet risen again, but the two major game platforms #Treasure #GalaGames have been caught in the token sale controversy. At the beginning of this year, $GALA and $MAGIC both increased more than 3 times, and have now fallen to around the price at the beginning of the year.
Last week, the Treasure community revealed that the team sold $MAGIC tokens at 50% of the market price through OTC, and the whales were also selling. Later, Lianchuang responded that the traders were not from the team, and the traders conducted OTC transactions due to management and accounting reasons. Out of respect and privacy reasons, specific information will not be disclosed for the time being.
At the end of August, it was revealed that Gala Games CEO and Lianchuang were suing each other. Its CEO claimed that Lianchuang stole 8.6 billion $GALA in early 2021 and sold it on CEX to cash out more than $130 million. He also pointed out that other companies founded by Lianchuang were also insolvent. Or lawsuit; Lianchuang accused the CEO of taking control of Gala for himself, harming the interests of shareholders and investors, and using company funds for personal consumption.
Led by the doubling of $CYBER , Binance’s latest tokens $ARKM $SEI #MAV #Pendle have all rebounded well;
Reminder: The mining of #Cyber and #SEI new coins is about to end, and there is not much new selling pressure for the time being. It is indeed a good hype node, but SEI reported yesterday that there are conflicts between the project party and VC, which may not be conducive to the later project market value Performance