A new entrant, $AIOT —let me pour some cold water on it first.
It’s entered the “early surge” phase, but two figures don’t look right: 24h -5.0% isn’t “stable”—it just slipped below the 5% threshold to make the list. And at +186% over 30 days, by my rule of staying away from anything already up more than 100%, it should have been ruled out long ago.
Open interest of 9.7 million U looks substantial, and a 0.03% funding rate isn’t overheated. But it’s already up 82% in 7 days, so there’s basically no room left to chase.
I’ll only consider it if open interest keeps growing and the price regains its footing. Otherwise, I’m sitting this one out.
It’s entered the “early surge” phase, but two figures don’t look right: 24h -5.0% isn’t “stable”—it just slipped below the 5% threshold to make the list. And at +186% over 30 days, by my rule of staying away from anything already up more than 100%, it should have been ruled out long ago.
Open interest of 9.7 million U looks substantial, and a 0.03% funding rate isn’t overheated. But it’s already up 82% in 7 days, so there’s basically no room left to chase.
I’ll only consider it if open interest keeps growing and the price regains its footing. Otherwise, I’m sitting this one out.