The economic model of $GMT was modified a long time ago, resulting in a slight imbalance in the ratio of GMT output and market inflow. GMT also fell from $4.17.
Can the current economic model of GMT staking and burning to pull the market support continued price increases? Is there any need to hold or buy in the future?
GMT has actually been played on multiple chains. The number of tokens, output ratio, etc., in the final analysis, is still to make an economic balance with output destruction, including the current massive burning.
The FSL team repurchased about 600 million GMT tokens and then transferred them to the address of GMT DAO for burning.
🔥 Locked GMT reached 100 million, and burned 60 million GMT; 🔥 Locked GMT reached 500 million, and burned 230 million GMT; 🔥 Locked GMT reached 900 million, and burned 600 million GMT.
This lock-up period lasts until January 20, 2025. After the GMT destruction activity is over, users will be rewarded.
Pay attention to the total amount of GMT and the current circulation. The total amount is 5.26 billion tokens, and there are 2.98 billion tokens in circulation. The destruction of these 600 million tokens will not last too long. This mood will only go up to $0.265 at most.
However, the economic model of GMT is healthy, but the problem that the economic model of chain games always needs to solve is the problem of the continuous attenuation of the price caused by the continuous production and circulation of tokens. Therefore, GMT can be supported for a long time until now, so the economic model of STEPN GO is still good.
$FTT is really not taken, recently I've seen many people in the square holding a very aggressive attitude towards FTT, saying that FTT is just the last wave of harvesting retail investors, and if you don't run, you will be cut dead.
There's no need for that, everyone has their own level of tolerance, and some people are willing to pay for it, that's a matter of understanding.
FTT has risen this time because two FTT executives were given reduced sentences, which released some positive news, and then there's the matter of SBF. Whether he can take office or if his crimes will be pardoned to give him a minor position really depends on the arrangements after he takes office.
尧二六
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Bullish
It seems that $FTT is about to change direction on the daily line. Currently, it is within the resistance range of FTT that I mentioned earlier, and this part will definitely experience repeated fluctuations of rises and falls.
This position is in the process of attempting to stabilize. Firstly, in 2023, after the big drop, FTT's rise was also an attempt to stabilize in the range of 3.1 to 3.5 USD, and then it continued to show a strong bullish trend.
Therefore, I believe that whether FTT wants to cooperate with the good news to harvest retail investors or really wants to restart, there must be several attempts at this position of 3.1 - 3.5. The short term will not start quickly, at least not until after Christmas.
Is it suitable for squirrels to bottom fish? You can buy a little
$PNUT is only telling others that they can buy a little, but they forgot to buy $SOL themselves, and now I only have these four coins: FTT, TIA, SOL, and UNI.
Can I achieve a 5 times total position turnover? Let’s see in February
It seems that $FTT is about to change direction on the daily line. Currently, it is within the resistance range of FTT that I mentioned earlier, and this part will definitely experience repeated fluctuations of rises and falls.
This position is in the process of attempting to stabilize. Firstly, in 2023, after the big drop, FTT's rise was also an attempt to stabilize in the range of 3.1 to 3.5 USD, and then it continued to show a strong bullish trend.
Therefore, I believe that whether FTT wants to cooperate with the good news to harvest retail investors or really wants to restart, there must be several attempts at this position of 3.1 - 3.5. The short term will not start quickly, at least not until after Christmas.
Will the market this week experience a wave of bullish sentiment? Picking up some low-priced chips?
Last Saturday and Sunday, the market experienced another rapid decline, but this Monday saw an effective recovery, with most altcoin prices showing signs of rebound.
The price of $SOL also rebounded from a new low of $176, and is currently rebounding to $186, with a rebound potential of up to 5.57%.
The performance of $UNI is strong, with no significant decline on the daily chart. Last weekend, the market continued to rise under institutional accumulation, and the market remains relatively strong.
$FTT is categorized as a bankrupt coin concept, with market movements similar to UNI, both showing strong control over the last 4 days, and today's increase reached 7%.
The altcoin market may initiate a strong bullish trend within this week, but it is still phase-based, and the increase cycle will be relatively short, but it can be used to gradually buy low-priced chips to hold.
The recent market has been falling because of the holiday. Brothers must believe that there is still a bull market, but they don’t want to take advantage of the decline during this period. They don’t know whether to run first.
Don’t worry, we need to understand why the market fell. I guess many Kols in the square have already said the reason in the past few days.
"The Federal Reserve is ‘temporarily’ not allowed to buy and store Bitcoin" has changed this sentence?
Remember the posts I posted in October and November this year, saying that Trump’s presidency may not necessarily create positive news, because Musk said in another interview that Trump’s presidency will definitely lead to an increase in inflation for a period of time, so there is a possibility of raising interest rates.
At present, some foreign media have hyped this news, and may be bearish on Trump’s presidency for a period of time, and the market will once again enter a more chaotic market.
If this is the case, then I think the price of $BTC will fall significantly around 92,000-90,000 US dollars.
On one hand, institutions are on holiday, on the other hand, retail investors are clearing their positions, and on the other hand, the data is negative. The three core stocks are all being sold. It is inevitable that everyone will be trapped in the short term.
February next year will definitely be bullish, or there will be a high probability of bottom-fishing after January 10. I have cleared all my positions of $UNI and am waiting for bottom-fishing.
I estimate that UNI will bottom-fish around 11. It seems unlikely that it will close quickly. Institutions have all bought in. The decline is as high as 28%. It is a little difficult to close the needle. Be cautious when bottom-fishing.
The monthly line looks scary, the weekly line looks indifferent, and the daily line looks like bottom-fishing.
The gameplay of Binance Alpha truly captures the essence of Memecoin culture. The previous Binance Web3 Wallet Alpha was able to create such a huge wave; this influx of traffic is truly the essence!
The top sister still remains the top sister! It’s really fun! Come on, do it again!
Next, I guess BNB Chain is: BOB, Ethereum's three are: MASR, MAGA, MOODENG Solana is: WEN
$UNI A little order secretly, I see 15.8 can't go down anymore, so I simply waited a bit and opened a coin-based position.
Let's see if this wave can push up to a price of 20 dollars, allowing me to profit a small amount of U.
$ME has really dropped straight down. A few days ago, it was around 4 dollars, and now it's 3.1. It feels like only after tonight will I dare to say there will gradually be an opportunity to buy at the bottom.
$PENGU Although it has dropped, the market value is still too large, with 2.7 billion dollars. Those who estimate to buy in might have to be stuck for at least 1 - 2 months.
Tonight PENGU will be listed on Binance at 10 o'clock. The current over-the-counter price is $0.042 each, and the market capitalization has already reached over 4 billion. I wonder if the opening price will be driven up that high; I certainly don't have any.
If PENGU drops below 0.001, I will consider buying a little.
$FTT The recent market fluctuations are really abnormal. Is there any chance to reach $10 with a spike every now and then?
Let's first look at the short-term trend. The order volume is increasing at the position of $3.15-3.4, so it is inevitable that there will be continuous spikes in this area.
In fact, it can be seen that the current FTT market has a bullish trend of absorbing funds. I think there is a good chance to break through the previous high of $6.06.
There is a great chance that FTT will restart. SBF will be released and have the opportunity to give a government position. FTT is also one of the categories considered by Trump in the United States.
$COW as a small market cap defi in ambush, is posted in the chatroom after careful selection, and is continuously reminded about the cow asset.
The cow has also risen from an entry price of 0.52 to a current high of 1.04 dollars in just a few days, and the current trend still has the potential to continue rising.
The reason for the recommendation is quite simple: new project, small market cap, and the performance after listing on Binance has been very good, which is why it was shared in the chatroom.
The short-term market suddenly surged after $OP 1 hours, and the morning's financing saw a slight effect in the afternoon.
尧二六
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Bullish
Gray has come to issue orders again.
Will the two targets $LDO and $OP be the same as $SUI and ENA?
To be honest, the holding openness of these two sets of targets is a bit different, but the difference is not very significant. I would favor these two OPs a bit more. Personally, I am not very optimistic about the re-staking sector of LDO.
So I think the position allocation can be better with LDO (3) : (7) OP for allocation.
Will the two targets $LDO and $OP be the same as $SUI and ENA?
To be honest, the holding openness of these two sets of targets is a bit different, but the difference is not very significant. I would favor these two OPs a bit more. Personally, I am not very optimistic about the re-staking sector of LDO.
So I think the position allocation can be better with LDO (3) : (7) OP for allocation.
The rise of $SUI follows the increase in Grayscale holdings and the take-off of pledged volume. In addition, I have mentioned the highlights of SUI very early on. Whether it is team strength, financial strength, Grayscale holdings, pledged volume, or ecology, they are all much stronger.
So why can't $APT rise? I think the voice of APT is very low in the current market. The last time the emojicoin launched by the APT ecology was just popular, and it was made into what it is now because of the mechanism. The ecological comparison is a failure.
The highlights of APT are not bright, that is, hard grinding. It is not strong online. But let's see if Layer1 will have a good opportunity if it rotates again.
$SUI hit a record high of $549 million in transaction volume, and its current market value has directly exceeded $13 billion.
I sold my SUI long ago after it rose to 3. There may be room for growth, but my perception at the time was that the market had reached 3, and I couldn't make the remaining space, so I felt relieved.
The weekly line has risen 10 times from the bottom. This is the most powerful year for the Move language sector this year, while its brother $APT has a market value of only $7.6 billion, and $MOVE has a market value of $1.4 billion.
APT is Layer1, so let's not talk about it. Layer1 will always be more popular than Layer2, and the technical threshold is higher, which is very worthy of Holder
But MOVE is a Layer2 public chain. No Layer2 chain can beat it this year, so I am not optimistic. This kind of Layer2 chain is now purely making money from investors, doing nothing, and not pulling the market at all.