Talk about Cancun's view on upgrading some coins

Madcow crypto · 2023-09-30T18:03:15.000Z

First, let’s talk about why arb has not increased by 10 billion in total. Total market capitalization: 10 billion U. This is an astronomical figure. There are currently 1.275 billion in circulation. When it comes to ecology, there is no doubt that ARB is the king and is very popular. So can he rise? This year's cryptocurrency counterfeits are severely lacking in liquidity because too many projects have been releasing new tokens. Slowly everyone has realized this, so they are all falling, even if Bitcoin is rising or falling. Although arb is ecologically good, it also has major shortcomings. For example, it does not charge gas fees. Circulation is too low. The biggest drawback is that arb will release 1.1 billion U tokens in March next year. This is an astronomical figure and the market cannot handle it. Don't think it's still far away. In fact, smart people will stay away from risks. So if you ask me whether it is harder for Bitcoin to rise to 40,000 or arb to 2, I will definitely choose whether it is harder for arb to 2. The summary is don't buy this coin. If it rises a lot, you can even go short. You can go short 3 months before the release. I know many people don't make any money buying this coin. But I like this project very much, but I will not buy this coin. RDNT: This project is incredibly popular. Many, many people have asked me about this project. I knew this project before it was approved by B. It must be that too much money was ambushed in advance. In the past few months, so many people have bought it and so many people are optimistic about it, but it has not gone up. Recently, there has been a huge profit, but it still has not gone up. It can be seen that it is really Don't be too optimistic about this project. I never recommend others to buy this project. For lending projects, I am more optimistic about aave, mkr and comp. rdnt market value: 74 million, total amount 1 billion, circulation 30%. The circulation rate is low, which is why countless stocks have hedged but not risen. The rdnt mode is actually better than aave, but other projects will also update their versions. GMX, GNS, SNX, and dydx decentralized derivatives projects [that is, contracts that can be made on the chain] have exploded this year, but there are more and more projects, and competition has become fierce. These projects must be real value projects, that is There are many and strong opponents. As far as I know, there are more than a dozen strong opponents, and there will be more in the future. The market value of GMX is 340 million, the market value of fully circulated GNS is 100 million, the market value of fully circulated SNX is 600 million, and the market value of fully circulated DYDX is close to 300 million, with a circulation of 15.6%. First, exclude DYDX and SNX. One has higher circulation and the other has higher market value. If there is a bull market, I think gmx can rise. Don't buy GMX or GNS at the current price. Try to fall as low as possible before setting an ambush.MAGIC: This is a game platform currency. This currency has been forcibly pulled once before. At the beginning of the year, there were a lot of benefits for shipments, and contracts were also issued. In the end, you see, Bitcoin rose from 20,000 to 30,000, and magic fell from 1 to 0.6. If this coin doesn’t work, don’t buy it. In the past few months, I have seen people recommending this coin and I am speechless. Magic market value: 136 million, 60% of which is in circulation. Don’t touch any chain travel projects. The game project is really not available for the time being. Summary: In fact, why is arb so popular? A certain exchange strongly promoted projects that have been listed on the ARB chain, which has led to excessive popularity. You will find that after ARB issued the currency, the currency of the arb chain did not rise but fell. This means that when the good news comes, it will fall. So if you want to participate, you have to be early. When it becomes popular later, participating will become a takeover. Will arb banker know how to pull the market? The answer is no! Because a large number of coins are in the hands of retail investors, we all know that he airdropped a large number of tokens. There are too many chips outside, and the dealer has no way to pull the market, even 100 million U can't pull it up. If the price rises, someone will smash it. OP: OP market value: 1.05 billion, circulation is only 16% [High market value, low circulation] SSV: My plan is to buy it at 9.9. I don’t know if it can be traded. Don’t have too much faith in this currency. It’s better to be optimistic about it. The mainnet launch has been postponed for a long time. It's a pity for those who chase them by the dozens. Cancun Upgrade: People outside have been trumpeting the Cancun Upgrade for several months. Alas, countless people have lost money. I remember a certain silly V asked someone to take over the offer at a price of 3 and said that Cancun was an upgrade. Cancun will be upgraded at the end of the year or early next year [if postponed] As for what projects to buy, I think you have to wait until the price has really fallen to the point before you can buy it. Otherwise I would rather miss it. Moreover, these coins on the second floor have been highly speculated. Unless they fall to freezing point, I will not touch them.

First of all, let's talk about why arb has not increased.
Total arb volume: 10 billion. Total market value: 10 billion U. This is an astronomical figure.
There are currently 1.275 billion in circulation.
In terms of ecology, ARB is undoubtedly the king and is very popular. So can it rise?
This year's cryptocurrency altcoins are seriously lacking in liquidity because too many projects have been releasing new tokens. Gradually, everyone has realized this, so everything is falling, even Bitcoin is rising.
Although arb has a good ecosystem, it also has major shortcomings. For example, it does not charge gas fees. The circulation is too low. Another major disadvantage is that arb will release 1.1 billion U tokens in March next year. This is an astronomical figure, and the market cannot handle it. Don't think it may be far away. In fact, smart people will stay away from risks. So if you ask me whether it is more difficult for Bitcoin to rise to 40,000 or for arb to rise to 2, I will definitely choose arb to rise to 2. In summary, don't buy this coin. If it rises too much, you can even go short, and you can start going short three months before the release. I know that many people who bought this coin don't make money. But I like this project very much, but I won't buy this coin.
RDNT：
This project is so popular. Many people asked me about this project. I knew about this project before it was listed on B-An. There must be too much money waiting in advance. So many people bought it and so many people were optimistic about it in the past few months, but it didn't rise. Recently, there was a huge positive news, but it still didn't rise. It shows that you really shouldn't be too optimistic about this project. I never recommend others to buy this project. For lending projects, I am more optimistic about aave, mkr and comp.
rdnt market value: 74 million
The total amount is 1 billion, and 30% is in circulation. The circulation rate is low, which is why there are countless attacks but no increase. The rdnt model is actually better than aave, but other projects will also update their versions.
GMX、GNS、SNX、dydx
This year, decentralized derivative projects [that is, contracts that can be made on the chain] have become very popular, but there are more and more projects and the competition is fierce. These projects are definitely real value projects, but they also have many strong competitors. As far as I know, there are more than a dozen strong competitors, and there will be more in the future.
GMX market value 340 million, fully circulated
GNS market value 100 million fully circulated
SNX market value is 600 million and close to full circulation
DYDX market value 300 million, circulation 15.6%
First, exclude DYDX and SNX, one has high circulation and the other has high market value. If it is a bull market, I think GMX can rise. Don't buy GMX and GNS at the current price. Try to ambush them when it drops a little more.
MAGIC:
This is a game platform coin. This coin has been strongly pulled before. In order to ship goods at the beginning of the year, a lot of favorable news was released, and contracts were also issued. In the end, you see, Bitcoin rose from 20,000 to 30,000, and magic fell from 1 to 0.6. This coin is not good, don't buy it. I am speechless when I see people recommending this coin in the past few months.
magic market value: 136 million, 60% in circulation.
Don’t touch blockchain game projects. Game projects are really not suitable for the time being.
Summary: In fact, the reason why arb is so popular is that a certain exchange strongly promotes it and keeps listing projects on the ARB chain, which makes it too popular. You will find that after ARB issued the coin, the coins on the arb chain did not rise but fell instead. This is the case of falling when the good news comes. So if you want to participate, you have to participate early, otherwise you will just be a buyer when it becomes popular.
Will the arb dealer pull the price? The answer is no!
Because a large number of coins are in the hands of retail investors, we all know that he airdropped a large number of tokens. There are too many chips outside, and the dealer has no way to pull the price up, even 100 million U can't pull it up, and if it is pulled up, someone will smash it.
ON:
OP market value: 1.05 billion, only 16% in circulation [high market value, low circulation]
SSV: My plan is to buy at 9.9. I don’t know if the deal will be completed. Don’t be too confident in this coin. It is still optimistic. It is always disappointing and delaying the mainnet launch. It is a pity for those who spent tens of thousands of dollars to chase it.
Cancun Upgrade:
People outside have been hyping the Cancun upgrade for several months, and countless people have lost money. I remember a stupid V asked someone to take over the OP at the price of 3 and said Cancun upgrade. Cancun upgrade will be at the end of the year or early next year [if delayed] As for what projects to buy, I think I have to wait until it really falls to the right level before buying. Otherwise, I would rather miss it. Moreover, these second-layer coins have been hyped up, and I will not touch them unless they fall to the freezing point.

Talk about Cancun's view on upgrading some coins

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