After this version update, this coin may have the potential to double

XAI's current price has formed a box-shaped oscillation between the 0.93-1.52 area. If it breaks through the box later, the first target can be placed in the 2.09 area, and the second target can be placed at 2.67

First, let me briefly introduce what project $XAI is

XAI is a blockchain platform L3 customized for the gaming industry. It is directly supported and developed by Arbitrum and is an important part of its ecological layout of the blockchain game sector.

The design inspiration of the pledge mechanism comes from TIA

XAI's official Twitter said that the pledge inspiration of $XAI comes from TIA, and currently TIA relies on a unique pledge method. The coin price has risen to 21U, a nearly 20-fold increase. So what is the pledge model of XAI?

🔍About XAI's V2 staking mechanism
1️⃣Creating a pool: To increase the utility of Sentry Key, pool creation will be limited to KYC'ed Sentry Key holders.

2️⃣Pool configuration: Pool owners will be able to name their pool, provide a description, attach social account links, and set payout allocations to distribute rewards between pool owners, key stakeholders, and esXAI stakeholders.

3️⃣Pooling keys: By pooling keys together, community members can collaborate to smooth the reward emission rate.

4️⃣Pooling esXAI: Any esXAI holder can join the pool, whether they own a Sentry Key or not, to stake their esXAI and receive a portion of the pool rewards.

5️⃣Rewarding participants: Sentry node rewards in the form of esXAI earned by all keys participating in the pool will be claimed by the pool contract and redistributed to pool participants based on the pool's configuration.

🔸The importance of the staking mechanism to the XAI ecosystem

For the gaming sector, the potential benefits of third-party airdrops brought by staking are huge.

In Xai's staking system, a core concept is introduced: the staking pool. XAI's staking ecosystem revolves around these staking pools and will gradually develop. For example, the creator of the staking pool can use the XAI platform to publish game projects, establish a staking pool, and issue third-party airdrops to participants in the pool.

🔹XAI and esXAI conversion rules

XAI can be converted into esXAI to participate in the staking ecosystem

Currently, esXAI is mainly generated through the operation of Sentry nodes. For those community members who are not involved in node construction, they still have the opportunity to join this staking ecosystem. Specifically, community members can participate in staking by converting XAI purchased on the market into esXAI.

🔺Convert XAI to esXAI
XAI can be converted to esXAI at any time without penalty or restriction. The conversion ratio is always 1:1 (100%) and there is no unlocking period.

🔺Convert esXAI to XAI

The conversion process of converting esXAI to XAI includes an unlocking period, the duration of which is selected by the user. The conversion rate will increase proportionally as the conversion time increases:
The minimum redemption period is 15 days, and a ratio of 1:0.25 (25%) will be provided
The remaining 75% of esXAI will be destroyed after redemption.

The 90-day intermediate redemption period will provide a ratio of 1:0.625 (62.5%)
The remaining 37.5% esXAI will be destroyed upon redemption.

The longest redemption period is 180 days, and a ratio of 1:1 (100%) will be provided

🔸Through the interpretation of the XAI official white paper, in simple terms, this staking version upgrade can bring three effects:

1️⃣Pool creation will be limited to KYC Sentry Key holders-this will greatly improve the security of the project. After all, low risk will attract big investment.

2️⃣Pool owners can configure the pool-for third-party projects, it can play a certain publicity and drainage effect. Third-party projects can create staking pools and airdrop in-game rewards to players.

3️⃣Any esXAI holder can join the pool, regardless of whether they have a Sentry Key-making investors more willing to buy XAI.

More importantly, although XAI focuses on the gaming field, as a blockchain platform, it can naturally be opened to access by other Dapps and DeFi applications. In this way, the XAI chain will have extremely high scalability in the future.

#Xai质押

$ENA

Short position reduction and profit-taking area: 0.85 is reached, and even liquidation is OK. Wait until it effectively falls below the 0.85 area, and then chase it.

In addition, this is also the last support rebound area of ​​ENA. If it fails to rebound, I think it will be ignored for a period of time.

Daily market analysis - $ETH

Yesterday I said that the 3270 area is the last entry point for short-term players, and the result did not disappoint them.

For those who want to go long, wait until ETH effectively breaks through the 3270 area before taking a look. Anyway, I am doing a retracement. It has not made a retracement pattern, so I am just taking a look.

"For personal analysis only, 2024/4/25"

Daily market analysis——$BTC

The final kick cannot be made. At present, the main focus is on the support strength of the 63500 area. If it falls below, it will return to the lower box again, and it will also end the short-term upward trend.

In the big cycle, it is still a descending box, but since there is a possibility of trend reversal in the upper half of the box in the short term, but since there is no successful breakthrough, the current focus is on the support of the middle track of the large box. If it holds up, there is still hope for a rebound.

"Only personal analysis, 2024/4/25"

$BTC

BTC 1H has issued a buy order, let’s see what happens next.

$LINK

I personally suggest that you start reducing your positions and taking profits. Although the original target is in the 16.5 area, in the downward trend, you may find a stage high point as the upper boundary of the box at any time, so the closer you are to the 16.5 resistance area, the more you should reduce your positions and take profits.

$SUI
SUI should have been reduced and profit taken when it reached the resistance zone on April 21. Currently, the rebound in the downward trend is blocked, so I personally recommend taking profit.

$CKB

The support below should be in the 0.165 area. It is more cost-effective to try to rebound here. The target above can be set in the 0.02-0.021 area.

$FLOW

The market has broken through the resistance. For me, the steady entry time is the subsequent rebound from the support of 0.96-0.93 area.

$FLOKI

The upper resistance is in the 21657 area. If it reaches here, it will probably pull back, because FLOKI did not have a decent retracement in the middle. So if it is blocked by the upper resistance and falls, the 17680 area is a good entry point.

$SSV

From the current market perspective, it is almost reaching the upper resistance area. The cost-effectiveness of entering the market now is very low. The steady entry time is the rebound after retracing to the 41 area.

$YGG
The market has already completed the rebound, and I can only give the upper stage profit target: 1.15 area.

$JTO

The short position reduction position in the 3.2-3.3 area mentioned earlier has arrived. If you want to bet on a rebound, be cautious and wait until the 3 area gets support and rebounds before entering the market. The 3.2 area can be set as the first rebound target.

I will post some other currency analyses after dinner. The $RSR I bought yesterday has risen well. It is a good retracement structure.

Daily market analysis - $ETH

In the 4H resistance area test, if calculated based on the subsequent 1-3 K-bars, the result should be available in 4-12 hours. If it breaks through later, the stage target can be placed in the 3585 area.

This is also the last entry point for ETH short-term players. If the box is effectively broken, the stop loss will be made.

"Personal analysis only, 2024/4/24"

Daily market analysis——$BTC

I said last night that with the rebound, the probability of a breakthrough is very high. Now it is just a matter of closing the breakthrough to confirm.

"Personal analysis only, 2024/4/24"

A foreign blogger raised a question, and I was curious to see what the domestic players would answer:

The question is:

If you can use one indicator, and use one indicator alone in addition to price action, what would you choose?

The popularity is due to the increase. Once they are on the increase list, people will naturally start to know them.

Before the increase, they were indeed unknown. Except for people like me who will buy any coin as long as the liquidity and form are good, ordinary retail investors will not look at them. After all, there are nearly 400 coins on Binance alone.

If you want to ambush, ambush more unknown and low-priced coins. Don't ambush after they are on the increase list. You might as well say that you are going to take over.

Night market analysis - $BTC

Consistent with what was said above, the price fell to 65750 and rebounded after getting support from the upper boundary of the lower box: 65400 area. Currently, as a rebound, the probability of a breakthrough is very high. Short position players should pay attention to risk aversion. It would be too much if this is a scam.

"Only personal analysis, 2024/4/23"