The market fluctuated, and investor sentiment also began to fluctuate. After this adjustment, the market rose again, which is likely to become the high point of this round of rebound. Let's take a look at the current market hot spots.
First, the meme coin bald on the base chain has soared 30,000 times in one day, but it is likely that the base chain itself manipulated it. There is also a project called leetswap, which has also increased 20 times. It is a knockoff of uni v2 on the base chain. Currently, the base chain can only be entered but not exited.
Secondly, currencies related to projects such as op and velo are also rising. The market expects OP to benefit from the base chain, because 3.5% of OP's circulation will be released every month.
The exchange platform currency ox has also hit a new high, and a FatManTerra token airdrop will be held in the near future.
However, the CRV and CVX prices of DeFi projects have fallen sharply, and some pools have also been attacked. ALCX, FXS, JPEG, DPX and other currencies with pools on CRV also fell.
A large gold doge coin called BALD suddenly appeared, and it was rumored to be related to coinbase. Although the project side has not taken any operational actions, it has increased 600 times.
There are several ways to participate in bald, which come with different risks:
1. Currently, the chain can only be accessed but not sent, and can only be received but not sent. I heard that the main network will not be upgraded until August. So at the current stage it can be seen as a stand-alone game. You can exchange ether for bald, or you can exchange bald back for ether after making a profit, but you need to wait until August before you can try to withdraw. Therefore, only participate with funds you can afford to lose. (Of course, if you firmly believe that the extraction can be successful, that’s another matter)
2. If you are unwilling to take this risk and are afraid of losing money, then wait until August when you can withdraw it before considering participating. Just like a project in the primary market, you raise a coin, and when you can enter the secondary market, it is equivalent to unlocking it, and you can sell it. Usually there will be a wave of selling pressure at this time. After the selling pressure ends, observe the operation rhythm of the project party and operate according to their rhythm. This is the second way.
3. This "BALD" is on the base chain, and its parent chain is base. Then another way to play is to participate in other projects on the base chain according to the operating rhythm of "BALD".
The base chain does not require a cross-chain bridge and can be directly connected to other projects. You only need to use the same wallet and recharge the coins to the address of the target project, and the coins will reach your account.
Currently, there is only one project called Open Sesame (GATE) on the base chain, but it has risen to 60 yesterday, so there may be risks in the short term, and you need to pay attention to position control. But I don’t know if the base project team will take advantage of this popularity to promote the listing of exchanges such as Oyi Binance.
Although the OP is still unlocked, it is obvious that the good news in the market has offset the negative effects of the unlocking. The previous wave fell to 0.8, which had already digested all the negative news about unlocking in advance.
Therefore, it is also a good way to participate in continuing to look forward to this ecosystem doing things and driving the development of OP.
The OP is busted, so what should I do if I miss it?
Don't worry, we can pay attention to other ecological projects, the first of which is velo. It is undoubtedly a first-tier project. It has not been listed on Binance yet, but there is a great chance. Just like arb has rdnt, OP will definitely have its own loan coin and list it on Binance. The current price is around 0.15U, the market value is very low, and the target can be set at 1U.
The base chain has just started. Although it became popular yesterday, most people are still paying attention to the logic of Big Golden Dog, but they have forgotten what was the reason why a new chain became popular before?
That's right, it's defi.
According to the logic of DeFi, the current situation is: the first dragon leet has opened the stake module, and the second dragon rkct project said that it will wait until the official bridge is opened before it can start. The real nesting doll farm project has not yet started.
Therefore, let us consider the following points as to whether we can build a thriving ecosystem:
How popular is the market for this chain?
Are there funds on the chain?
How is the space?