Today, in the VIP group, a few group members are asking me
#牛来
Can I buy the dip and enter now?
The current price of NiuLai is around 0.108
Here, Brother Yu gives his thoughts briefly
1⃣
On Binance, there are only two Chinese spot assets:
One is Binance Life,
One is NiuLai
#NiuLai
It can be said to be a fast-track play—from the chain to the contract to the spot, it’s basically an end-to-end service. If you say there’s no team operation, I don’t believe it.
2⃣
Binance Life’s highest FDV is 900 million market cap. Currently, NiuLai’s highest is 160 million market cap. The market is currently pulling back and adjusting. Based on market cap, I personally think NiuLai’s ceiling won’t stop at 160 million. The next move is likely up.
3⃣
Binance Life rallied from the initial spot to a 290 million market cap. After that, it went into deep washout. From near 300 million FDV down to 37 million, that’s roughly a 10x drop.
For NiuLai, the probability of a large-scale washout in the short term is not that high, because the upside ceiling isn’t high enough.
4⃣
NiuLai’s overall social media hype is still very hot. Many top KOLs are strongly recommending it. 300 million is currently the first major peak that many people are hoping for.
That means there are quite a lot of big holders of NiuLai spot and contracts in the market. Liquidity in the market is still quite ample.
5⃣
My personal trading view on NiuLai:
If it breaks below 0.1, I will consider buying the dip in batches.
For example, building in in batches like 0.9/0.8—set up a mid-to-long-term spot position. I’m currently aiming to capture 3X returns.
I won’t touch the contracts.
If there’s a major dip, you can catch it.
#牛来
Can I buy the dip and enter now?
The current price of NiuLai is around 0.108
Here, Brother Yu gives his thoughts briefly
1⃣
On Binance, there are only two Chinese spot assets:
One is Binance Life,
One is NiuLai
#NiuLai
It can be said to be a fast-track play—from the chain to the contract to the spot, it’s basically an end-to-end service. If you say there’s no team operation, I don’t believe it.
2⃣
Binance Life’s highest FDV is 900 million market cap. Currently, NiuLai’s highest is 160 million market cap. The market is currently pulling back and adjusting. Based on market cap, I personally think NiuLai’s ceiling won’t stop at 160 million. The next move is likely up.
3⃣
Binance Life rallied from the initial spot to a 290 million market cap. After that, it went into deep washout. From near 300 million FDV down to 37 million, that’s roughly a 10x drop.
For NiuLai, the probability of a large-scale washout in the short term is not that high, because the upside ceiling isn’t high enough.
4⃣
NiuLai’s overall social media hype is still very hot. Many top KOLs are strongly recommending it. 300 million is currently the first major peak that many people are hoping for.
That means there are quite a lot of big holders of NiuLai spot and contracts in the market. Liquidity in the market is still quite ample.
5⃣
My personal trading view on NiuLai:
If it breaks below 0.1, I will consider buying the dip in batches.
For example, building in in batches like 0.9/0.8—set up a mid-to-long-term spot position. I’m currently aiming to capture 3X returns.
I won’t touch the contracts.
If there’s a major dip, you can catch it.
