$LIT Scalding hot-water boiled frog; from August 15 onward it keeps rising
It’s on the same decentralized-exchange chain as HYPE. Its main business is in derivatives/contract trading— the more active contract trading becomes, the more delightfully LIT tends to rise. We’ve currently reached the 5.328 level. Let me be clear: this is not the top. Pullbacks will still lead to upside. The near-term target is around 5.55.
On December 27 this year, 500 million tokens from the team plus the investors’ share will begin to unlock. This could be a potential overhead supply, but it’s still a long way off. Even if they do some distribution after settlement, there will still be at least three months to build the pump/positioning. Therefore, for now, the strategy is mainly to buy the dips. Those thinking about going short at high levels should be cautious—funds are still flowing in.
#中国8月CPI同比涨0.8% #美军打击霍尔木兹岛及贾斯克目标
It’s on the same decentralized-exchange chain as HYPE. Its main business is in derivatives/contract trading— the more active contract trading becomes, the more delightfully LIT tends to rise. We’ve currently reached the 5.328 level. Let me be clear: this is not the top. Pullbacks will still lead to upside. The near-term target is around 5.55.
On December 27 this year, 500 million tokens from the team plus the investors’ share will begin to unlock. This could be a potential overhead supply, but it’s still a long way off. Even if they do some distribution after settlement, there will still be at least three months to build the pump/positioning. Therefore, for now, the strategy is mainly to buy the dips. Those thinking about going short at high levels should be cautious—funds are still flowing in.
#中国8月CPI同比涨0.8% #美军打击霍尔木兹岛及贾斯克目标
