Here is the latest report from messari. I checked the trading volume of Binance. It was very small, but it continued to rise. Something was wrong, so I did some research and may have found an opportunity that is better than lpt (in addition to a good narrative, it is even better The meaning of value currency), you can look at this first for details:
This chain specializes in depin. I am considering buying a mobile phone. Due to business development constraints, investing in the depin public chain would be a better choice. The recent data of this chain is quite impressive, with great growth. This is considered a foreigner. Like to play with things.
I have talked about the logic of the depin track mobile, which is mainly based on multi-flywheel pull. However, the number of users is a public indicator, which will affect the valuation (imagination). As the first depin, what is the public chain recognized by the West? ?
I took a closer look:
In the fourth quarter of 2023, IoTeX's network transaction fees increased significantly, with a quarterly growth rate of more than 3000% to more than US$212,000.
iotx serves the depin project by developing a so-called W3bstream. This middleware is very similar to the currency tia!
It doesn’t matter what chain it is, you can use it, and the scary thing is that it is developing faster than tia’s actual business. Currently, Ethereum, IoTeX chain, Solana, Polygon, Arbitrum, Optimism and Conflux all use it.
The most important thing is the recent announcement of integration with Sol. All DePin projects on Sol can use IOTX technology - including RNDR, Mobile, HNT, etc.
There are also things like confidentiality, privacy and domain names that I won’t mention, they are too unpopular.
The price has changed recently. I saw that the sell orders were very thin, but the buy orders were quite large, a bit like a giant whale collecting funds.
There are many highlights in financing. Institutions include jump, samsung, etc. Among them, jump may be the strongest market maker, and tia has it. After looking at the financing situation, there were a total of 4 rounds of financing, of which 2 rounds were publicly disclosed, up to 35 million US dollars, and 2 rounds were not disclosed. Because financing has lock-up and time costs, according to our usual calculation, if the amount of 35 million US dollars is disclosed, assuming the undisclosed amount is the same, then assuming it is 70 million US dollars of institutional financing, generally speaking, if the secondary financing can be raised several times That's good - after all, if you look at all the new public chains now, such as tia, they are a hundred times better. 70 million US dollars, about 300 million in circulation, 4 times, okay? And pay attention to the trading volume. When I posted this, Binance’s 24-hour trading volume was 10 million, so it seems to have risen a bit from the bottom, but in fact you can’t buy much to rise.
Compare valuations. Let’s look at the valuation. Currently, FDV is more than 400 million, but 40% is pledged, so the circulation is more than 200 million. As a public chain, it seems not high? After all, any public chain now starts at several billion dollars, and can reach tens of billions. I am thinking about a question. If depin is the favorite thing of foreigners, then depin’s first public chain now has more than 200 million US dollars, which is good. I even think it is better than buying depin projects. Either we don’t speculate on depin, or the narrative of depin’s public chain is very Easy to understand.
It seems possible that the market value of the leading depin public chain could reach 2 billion or 10 billion? Of course, it's all about narrative and emotion, just recognize the rules of this speculative field. Combined with our position ratio, I think if you want to buy value coins but don’t want BTC, then iotx is obviously much better than arb op and the like. Those tens of billions, no matter how high they go, I still prefer one to two hundred million. Yes, but there are really not many people with one to two hundred million and strong storytelling. I know that many people are afraid to go up when they see the soaring K-line. I suggest considering it from a valuation perspective, risk = return. If you want to wait for the price to fall, then I think the current price is good.
