In this bear market, just focus on positioning BTC, ETH, and UNI, and then look into the AI-related coins. Don't think that all AI in crypto is a scam; there are only a few worth investing in right now. I think the most worthwhile AI coins to seriously research are: TAO: The leading native AI network, has the biggest narrative, but the valuation isn't cheap. WLD: The real identity layer in the AI era, has strong real users but faces significant regulatory risks. NMR: One of the most practical use cases for AI in finance, has hedge fund operations. VVV: Access to genuine AI applications, the product is already up and running. ARX: Privacy computing + crypto AI, a new project but with high technical content. RENDER: Real use in computing/rendering, has burn data, but the AI capture isn’t the purest. AKT: Decentralized cloud computing, there is real demand, but the scale still needs to be watched. AETHIR / IO: Strong GPU cloud narrative, pay close attention to real utilization and clients. FET/ASI: High visibility, strong agent narrative, but be cautious with token value capture. VIRTUAL / AIXBT: Hot AI agent, but leans more towards high volatility narrative trading.
First, buy horizontal and buy dips, do not buy vertical; the selling point is where the crowd is buzzing. Second, continuous small rises are real rises; continuous large rises mean it's time to exit. Third, a sharp drop without volume is intimidation; a slow drop with volume means it's time to withdraw quickly. Fourth, a significant surge needs to pull back; do not dig deep pits and do not make large purchases.
This token, $RE , is purely governance-related, which in crypto terms means it's pretty much useless. It has no equity, and the size limitations of the reinsurance business are significant, with minimal growth potential. Before you buy into this token, you should check out the valuation frameworks of reinsurance companies in the US stock market. You'll quickly realize this token is all just a bubble, mainly driven by institutions pumping it up to offload.
This coin $RE is fundamentally different from meme coins, as it has a lot of external liquidity; it's not 99% controlled. The whales pump it just to offload their bags, so don't get your hopes up.
$RE I've been telling you for ages that reinsurance is garbage, but you didn't believe me. Now you're stuck, huh? Don't worry, this could still drop to 0.1.
$RE Even if this project is listed on NASDAQ, its stock price won't hit $1. The top-tier US companies in the reinsurance business are valued at no more than 0.7-1.4 times their operational capital. Not to mention, this project is nothing significant. The so-called governance has no real authority; it's all up to the project team. The essence of launching a token is to do well enough to list again in the future and keep raking in profits. If it doesn't perform well, at least they pocket what they can from the crypto space.
$RE When you dive into the Binance RWA section, take a look at all the coins; they're all destined to hit zero sooner or later on the candlestick charts.
Those who FOMO into $RE will eventually get wrecked. Altcoins don't care about your RWA; in the end, they all drop below their launch price and go to zero. Don't believe me? Just take a look.
$RE Let me say this: no matter how big your exchange is, you really should have a project description page detailing what the project actually does. Is that too much to ask? Just saying it's part of a trillion-dollar RWA market makes me laugh; anyone who doesn't know might think it’s something amazing. It really doesn’t make things easy for users.
$RE Let me break down what this project is all about. Essentially, it’s providing reinsurance for certain insurance policies from local US companies. For example, if someone spends a million bucks on a Lamborghini insurance policy, the insurance company might take out $500,000 in reinsurance to cover their potential losses in case of an accident. Of course, the payout ratios are usually pretty opaque. People swap their USDC for reUSD to earn annualized yields, and that’s how the returns come into play. However, if there’s an accident, the insurance company takes a hit. So, there’s not just risk, but significant risk involved. Plus, re is not equity; no matter how big or profitable this project gets, it’s not tied to re. In fact, if there are losses, they might have to sell coins to cover the payouts. Moreover, this type of business has compliance issues and market limitations, so all in all, this token issuance seems more like a cash grab.
$LAB knows why nobody's buying in the crypto space, right? It's because of scams like this that are openly ripping people off. I don't know what these exchanges are thinking; they're killing the industry. I don't see how you'll be trading anything in the future.