ID mentioned in a question on "Is ID worth buying online" on March 17 that I think it is logical to buy spot stocks below 0.5, which has risen strongly to the target of 1 US dollar in recent days and doubled. A friend asked me whether I should continue to hold the current ID. I will also make a summary.

Data comparison

Observing the trading volume above, the trading volume of ID’s centralized exchange is much higher than that of ENS.

Token usage:

ID can be pledged to obtain discounts on SPACE ID domain name NFT market transaction fees and discounts on SPACE ID's Web3 domain name registration. At the same time, it has certain uses in payment and management.

ENS is the governance token of the Ethereum Domain Name Service. It is used to manage the protocol and influence decisions on the pricing of its .eth address and price oracle, and can be delegated to the DAO for voting.

Market trend analysis

[ID / USDT] is shrinking and rising on the 4-hour market. During this rise, there are over-the-counter institutional pulls (including over-the-counter transactions such as bookmakers, institutions, AMA market makers, etc.), but most traders on the market are not interested in ID. Still maintaining a bullish attitude, there are fewer shipments in the transaction list.

However, the daily line has gone out of the top trend of the cross star, and the shipment volume is small. For OTC transactions, this wave of rising prices may be temporarily over, and the falling trend may usher in a wave. From the initial rising position to the highest point, the increase has been 131 %, the possibility of profit-taking and exit.

Due to the short market cycle, compared to the ENS market, there are currently no available analysis indicators for the general trend ID, and the upper space depends on off-site pulls.

[ENS / USDT] fell back to the short-term rising position on the 4-hour market. This rise is a general rise, and the active trading volume is small.

However, there was a negative decline on the daily line yesterday, which was due to the normal shipping operations of AMA market makers. The movements of market makers and institutions have not yet been captured. The market fluctuations are weak and there is no obvious independent market.

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If you are still holding, it is recommended to take profit at 50% or put the principal in the pocket to make a profit, and you can continue to hold the rest. Just try to see around 1.2, and you can hold the rest by yourself.

If you don’t have a position, you can hold a small amount, and then enter or add a position after it falls or stabilizes around 0.8. It is not recommended to directly go all-in or go all-in at the moment, as the risk is relatively high.

Risk is the biggest enemy in the market. It is not recommended to operate contracts frequently. Contracts are a confrontation of human nature and go against the concept of rational trading. Therefore, for ID or other operations, try to do as few contracts as possible and get more spot!