NX.one research: $GOAT exploded two months ago due to a "clickbait" tweet from A16Z. Anyone who still believes it was posted by AI is truly naive, but this doesn't stop GOAT from becoming the top meme coin. Another similar one is Shoggoth, which borrowed momentum from an old New York Times article. What's the key point? The meme coin race is back again, and this time with AI memes, the market potential is even stronger. Everyone, keep your eyes peeled, focus on the future! #meme_coin #AImeme #GOATs
The house leaked and it rained all night, so I was exposed to the sun and had to cut for a few more days. However, the industry is really not doing well recently. SBF was arrested and Binance fell into a war again. Originally, a group of promoters behind ftx wanted to support ftx to occupy a favorable position in crypto and dominate pricing, but they did not expect that ftx would be so incompetent. , was ganked by Binance, so the people behind it didn’t give up and started to fuck Binance.
Don't panic xdm, Binance has $60 billion in assets on its books. No one can fail Binance. Just be optimistic about bnb and be done with it.
Instead of paying attention to the Binance fight, it is better to pay attention to the CPI data of the United States.
Economists in the industry generally expect that the year-on-year CPI increase in November is expected to further fall to 7.3% from the previous value of 7.7%.
Prior to this, the lowest year-on-year increase in U.S. CPI this year was 7.5% in January. This means that as long as tonight's data does not differ greatly from market expectations, people will usher in the lowest U.S. CPI report of the year near the end of the year.
One more thing, social experiment token xen will release its own NFT in mid-December. As this year’s monster coin, NFT can be bought and played with (the liquidity is too poor, so there is a high probability that it will fall into your hands). Tokens can be deployed in small positions, and there is a high probability of unexpected returns.
Secondly, the motivation for pumping and dumping classical tokens. There have been changes in many sectors recently. For example, LTC surged some time ago, although the rise of Latiao is related to the expectation of "halving".
LTC will be halved in August 2023. As a result, it has gained more than 30% in the past 30 days, becoming the 13th largest cryptocurrency by market capitalization. In contrast, LTC's performance was much more dazzling. During the same period, Bitcoin fell by 17% and Ethereum fell by 15%. However, it is worth noting that LTC is not the only currency that will be halved at the same time next year. DASH will even be halved two months earlier than LTC, but DASH is not as strong as LTC.
In addition, in the past seven days, most of the projects leading the token gains are WAN (Wanwei Chain), NEW (Newton), DNA (Metaverse), RIF (Storage) and other ancient and early-stage projects.
Let’s talk about macroeconomic trends first. Since the crypto industry has been in a "waiting for Godot" mood for a long time, in fact, the negative effects of the Federal Reserve's interest rate hikes have been priced in ahead of schedule, and panic has been corrected with constant "acceptable expectations." Therefore, when the news of the Federal Reserve raising interest rates by 50 basis points is released as usual, not only will it not cause too much panic in the market, but it will also be beneficial because the expectations are fulfilled and no unplanned conditions occur. As a digression here, although the Fed has released its December forecast, its terminal interest rate (the final interest rate in the interest rate hike cycle) will definitely exceed the Fed's forecast in September this year. In September, the Federal Reserve expected the terminal interest rate to be 4.6%. By December this year, the terminal interest rate had already reached 4.5%. However, the interest rate hike cycle has not yet ended, and it is inevitable that the terminal interest rate will exceed the estimate. Therefore, we are bullish in the short term and bearish in the long term.
In my previous article, I explained that although the FTX incident has delayed the recovery of the entire industry by one cycle, as the new year is approaching, I cannot rule out that some big bookmakers will find opportunities to increase shipments. After all, there will be a Great Depression next year. The expectations are deeply rooted in the hearts of the people, and everyone wants to make more money in advance and enrich their liquidity to cope with the upcoming crisis.
Here I have compiled three reasons why there will be a wave of market prices at the end of the year:
Time: The Federal Reserve will raise interest rates by 50 basis points in December. Location: At the end of the year, major players, especially classical tokens, will have the motivation to pump up and sell, otherwise they will not be able to make money for the whole year: many projects have their own prices in December. A lot of good news has been announced
Recommend a few tokens that are likely to be popular in December:
LINK: The pledge of LINK brings the highest increase and FOMO sentiment to the currency price. As one of the most obvious deflation methods of LINK, in the pledge of V0.1, the total pledge amount will reach 75 million LINK, which accounts for the current LINK 15% of circulating supply and 7.5% of total supply. In other words, LINK has long-tail growth expectations, and LINK will be bullish at least until 75 million LINK fully enters the pledge pool.
APE: In April this year, APE launched the AIP-22 proposal in the community. As long as users hold BAYC/MAYC/BAKC, Apecoin will provide these Holders with a pledge reward of 17.5% of the total supply of Apecoin in the next three years.
LINK, APE, SUSHI....Statistics of favorable projects in December
In my previous article, I explained that although the FTX incident has delayed the recovery of the entire industry by one cycle, as the new year is approaching, I cannot rule out that some big bookmakers will find opportunities to increase shipments. After all, there will be a Great Depression next year. The expectations are deeply rooted in the hearts of the people, and everyone wants to make more money in advance and enrich their liquidity to cope with the upcoming crisis.
Here I have compiled three reasons why there will be a wave of market prices at the end of the year:
Tianshi: Fed will raise interest rates by 50 basis points in December
Good location: At the end of the year, big dealers, especially classical tokens, will have the motivation to pump and sell, otherwise they will not make any profit for the whole year.
Seize the opportunity and leave in time. Next year is the Great Recession.
From the beginning of October, market panic has been digested, and coupled with the arrival of the World Cup, the industry is expected to complete a positive price correction and rebound. Unexpectedly, the thunderstorm in FTX shattered the confidence that had arisen. Just like the big contract liquidation in 2019, it abruptly interrupted the upward trend. It was only after 312 in 2020 that the market began to stabilize and recover.
If nothing else, there should be another rebound at the end of the year, along with Christmas and New Year’s Day. This rebound is not only an opportunity for World Cup funds to escape, but also an opportunity for the big money that has been trapped in the pool in the second half of this year to escape.
Seize the opportunity and leave in time. Next year is the Great Recession.
MetaMask (Little Fox) is going to collect users’ IP addresses and ETH addresses during transactions. Has the spirit of Web3 been falsified? Even if you hide on the chain, you can't escape. There is no privacy at all.
At present, seeking growth in the industry has become a high-cost and low-efficiency behavior. For exchanges, when it costs hundreds or even thousands of U to convert a user from other exchanges, then finding new incremental methods becomes an urgent issue to consider. Based on the quality of the game itself, social elements are added, or even mainly social, with games as the form of expression. Perhaps in the future, this GameFi product will be favored by VCs and the market.
We can draw two conclusions:
1. You should pay more attention to SocialFi projects with well-established backgrounds or Web2 social tools that are connected to Web3.
2. Pay more attention to GameFi products with strong social attributes
Binance restarted IEO after 8 months, and the preferred IEO project is the Social track. Simply put, Hooked is a quest to Earn project focusing on Web3 social networking. Users can obtain token rewards through learning behaviors in Hooked. The project has already received investment from Binance Labs and Sequoia Seed Fund. Hooked has now launched its first pilot application, Wild Cash. According to Binance Research, soon after its release, Hooked became Indonesia’s first and only Web3 application to dominate the Google Play rankings for 9 consecutive days, with 9 million monthly active users.
#Crv Briefly summarize the whole story of the CYV liquidation incident: a Crv whale continuously loaned 92 million Crv from AAVE, and then moved to OKX to short Crv, causing the Crv price to be hit from 0.61 to the lowest 0.4, but fortunately, the whale After 0.4, there was no ammunition to continue the offensive, hitting the AAVE founder Crv mortgage position of 0.259.
After that, Crv rose from 0.4 to a maximum of 0.74, which triggered another concern: if crv rose, no one in Aave might be willing to liquidate it. With insufficient Crv in the market, whales would not be able to liquidate AAVE. Taking out a loan to close a position is equivalent to transferring the risk of thunderstorms to AAVE. In the end, the price of Crv rose, which triggered liquidation and caused the whale's assets to become negative. AAVE could only sell the market to pay for bad debts.
Now there is a "three-currency" model emerging: governance currency, utility currency (UT), value capture token (VCT)
Let’s briefly talk about the logic: It has nothing to do with the governance currency. VCT captures the game’s multi-dimensional income (advertising, handling fees) and is anchored 1:1 with the number of UTs.
Players can exchange UT into VCT and exchange it into the current price stable currency for withdrawal.
This can keep the price of UT higher than VCT and bring predictable guaranteed income to P2E users.
The core path here is: if exchange behavior exists, UT and VCT are always in a deflationary state; when new users and new value are captured, the number of VCT will increase. VCT as a whole has become an intuitive reflection of the true value of a project.
There is no similar game yet, so you can look forward to it.