#2z This thing's valuation doesn't make sense right now
Especially since it hasn't launched contracts yet
Before it goes up
No one is selling, and even if they wanted to dump, they can't at this time
There are three key time points
1. Market opening
2. Contract launch
3. Spot trading
These three are where price changes might occur
But in the alpha phase, it's safe
Just like the scenario described in this post with #0g () .
#2z @doublezero Are you going for this kind of project? Or are you not? Big institutions, large financing, SEC compliance, Ansem's calls, SOL ICM infrastructure, SOL milk, retail investors have no chips, going up, one by one the buffs are stacked, are you going for it?
There are two risk points: one is the total supply of 10 billion, currently around 0.3 on the Matcha exchange, which already gives a 30 billion FDV. But I feel that the valuation system is collapsing, and more importantly, we need to see if there is selling pressure to crash the price; without the power to crash, it can't drop even if it wants to. The other risk is that the project party might do something bad, having taken too many chips. Whether to go for this project is really just betting on this one point, betting that the project party won't do anything bad. Are you going for it? I think at least the alpha stage should be safe.
This project is actually quite interesting.
After more people study alpha projects, when the Chinese see this project, I've observed that most people's mindset is: searching on Twitter, oh, no one is talking about it, I found a treasure, a value gap, rushing to open the market to make a quick profit and blind others with the earnings, and then maybe hundreds of alpha research bloggers have the same idea, and in the end, the Chinese rush in even more fiercely than foreigners 😂.
Another point is, I previously mentioned a concept, the strategic position of Binance Alpha has already determined that it will siphon all market resources and liquidity. The resources here include any narrative, concept, innovation, any on-chain narrative concept innovation, the top tier will definitely be directly siphoned by Alpha, so any narrative, predictive tracks like ICM, RWA, etc., Alpha will definitely not be absent, and there is a high probability it will become dominant. The only question is whether they will give you low-priced chips, which is also what I mentioned before, after all the research, it ultimately comes down to whether Binance will give you the meat.
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