I don’t need to say much about the recent market situation. I think everyone is already very clear about it. This also verifies what we have repeatedly emphasized before. The narrative of the entire currency market has not changed at all. Even if it is occasionally turbulent due to speculation, it will still return to the form of shock in a short period of time. Moreover, the current price changes, especially for BTC and ETH, are still pricing for BlackRock to apply for ETFs.
At present, the price is still between 3,000 and 4,000 US dollars. The basis is that since April, even with a lot of negative data and FUD, it has not fallen below 26,000 US dollars. If there is no new narrative for a day, the price trend will still be dominated by shocks. If there are other interferences, the biggest pain point of delivery options may be one of them. The other is the single-price BTC inventory.
Disk
From the weekly chart, Bitcoin has experienced a rebound and continued weak adjustment. There may be a small direction this week! Pay attention to the position near 28700. As long as this support level is maintained, the situation may improve.
Ethereum follows the trend of the entire market. Although the trading volume rebounded on Monday, it is still less than one-third of Bitcoin. In the bear market, most funds flow to Bitcoin. In addition, Ethereum faces regulatory risks and is not as popular as Bitcoin. In the short term, Ethereum may continue to follow the trend of Bitcoin.
How to operate in this market? If you are afraid of chasing high prices, then ambush those that have not risen yet. There will always be a chance for your turn to rise. The common characteristics of the coins that have risen recently are:
1. The weekly cycle bottomed out and fell to the bottom, and the secondary K-line absorbed funds
2. The on-chain address has been accumulating funds and withdrawing coins from exchanges
3. If 1.2 is met and good news suddenly comes or some KOLs start to call for orders, the price will rise.
4. Is the rise a small-scale one driven by a few KOLs’ short-term orders, or a large-scale one that attracts the attention of the market as a whole?
You can observe that APE, BNT, BAKE, BADGER, etc. are all examples. If you don't chase highs, then ambush. It will eventually be your turn.
Binance is about to launch sei, where will the money-making effect be?
What impressed me most was the clear positioning of sei, which was born for trading. The positioning of Layer1 is generally a bit erratic, security/privacy/high performance... they want to do everything, but they can't do anything well.
I have always felt that "transaction" is the true meaning of the web3 money-making effect. Whether it is NFT or local dog, including the recent explosion of TG Bot, you have to trade and generate fees to make the platform earn money. Only then can the story be told big and the imagination is high enough, and the project side/investors are willing to share some meat with early users. I have to question web3 projects that are separated from "transactions"
"Trading" alone is not enough, there must also be a trading frequency. The revenue of the trading platform = the number of users * trading frequency * fee. In the cryptocurrency circle, trading frequency is equivalent to the fomo effect. Base is an example. It started with Tugou, which naturally has the fomo attribute, and the result is a TVL of 205M, which exceeds Starknet. On the other hand, if there is no money-making effect and no fomo effect on the sei chain, then it will not be far from death.
Key point: How will sei create the money-making effect?
1. Native dog. See Base
2. Trading mining incentives: refer to OP, give a large number of tokens to ecological projects, and engage in trading mining
3. Engage in NFT: But I don’t see any reliable NFT platform under sei now
4. Pull SEI like crazy: refer to SOL of that year, pull until you are convinced
Investment highlights, I feel there will be good opportunities:
Currently, the deposit amount of launchpad is tending to be stable. Let’s calculate the income first:
The valuation at the time of financing in April was $800 million, and the total number of tokens was 10 billion, which means the institutional cost was around 0.08U.
The initial circulation is 18%. If we simply compare it with this year's new public chain $SUI (financing valuation of 2 billion), the price after stabilization is more reasonable at around 0.2U.
Currently, the total number of launchpads is 300 million, and the total value of deposited funds is about 3 billion. If all are calculated based on maturity, a deposit of 1,000U can only get 100 pieces, about 20U, and a yield of about 2%.
Overall, Sei is indeed an ideal trading chain.
Currently, there are some Dapps in its ecosystem that are built based on Sei’s unique services, such as Vortex, Fuzio, Elixir, etc.
Considering that Sei's ecological fund has recently completed another $50 million in financing, more projects will appear in its ecology in the future. You can pay attention to its Defi-related projects, after all, they can best reflect its optimized trading experience.
Today's sharing ends here. Thank you very much for taking the time to read this article in your busy schedule. I hope the article is helpful to you. You can follow me and leave me comments to communicate with me.