Today's Must-Read | Twitter Featured Opinions [November 7th]

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Renata2024/11/07 06:50

By:Renata

1.Bluntz: Short-term bottom confirmation and technical analysis of $TIA

KOL @Bluntz analyzed the bottom rebound of $TIA and proposed the following main points:

Bottom confirmation: @Bluntz indicates that $TIA has bottomed out recently and is currently showing clear signs of rebound.

Technical signal: Strong momentum rebounding from the low point, forming a clear ABC structure callback, accompanied by significant engulfing volume, in line with the textbook-style bullish pattern.

Market Outlook:

@Bluntz believes that the current situation is a typical bullish opportunity. It is expected that the bottom support of $TIA has been firmly established, and it is expected to further rise in the short term.

2.Altcoin Sherpa: $DOGE Trading Strategy and Analysis

KOL @Altcoin Sherpa believes that $DOGE is currently one of the best trading targets and proposes the following trading strategies:

Liquidity and volatility: $DOGE has extremely high liquidity and volatility, suitable for short-term trading.

Trading strategy:

Short-term trading is conducted in the demand area of low time frame (LTF), and entry can be considered in any demand area.

If there is a significant pullback in $DOGE, pay attention to the 0.382 (0.175 dollars) Fibonacci retracement level, which is a potential good entry point.

It is recommended to wait for $DOGE to pause for a few days before entering to obtain a more stable entry opportunity.

It is not recommended to short, unless it is short-term high-frequency trading.

Bullish potential:

Altcoin Sherpa emphasizes that the liquidity and volatility of $DOGE provide ideal market conditions for short-term trading, and investors can wait for a pullback to seize opportunities.

3.Miles Deutscher: Analysis of the Impact of Trump's Election on DeFi and RWA

KOL @Miles Deutscher said that Trump's election will have a positive regulatory impact on DeFi and real-world assets (RWA), which may trigger a new market narrative.

Policy-driven potential: From a regulatory perspective, Trump's election will benefit the development of DeFi and RWA, which may trigger an investment boom in the field.

Current investment layout:

Main holdings: $CHEX and $CPOOL are currently Miles' largest RWA investment targets. Although Miles still holds $OM and $ONDO, he has recently reduced his holdings and conducted investment rotation.

Market Outlook:

@Miles Deutscher believes that Trump's election may trigger an increase in RWA and DeFi-related projects, and investors can pay attention to investment opportunities brought by policy benefits in this field.

Original link: https://x.com/milesdeutscher/status/1854359989969666505

4.@yh_0x: An in-depth analysis of $GRASS

KOL @yh_0x analyzed the $GRASS project from various aspects such as product requirements and token mechanism, and provided the following core viewpoints:

Product demand highlights:

Strong demand for Web2: The demand for $GRASS is not limited to the Web3 community, but has also attracted the attention of Fortune 500 companies. Currently, AI models have a strong demand for real-time data, and $GRASS can efficiently and massively provide this data.

9-Digit potential demand: According to the founder of Grass, the potential demand on the internet has reached the 9-digit level.

Ways to expand the network: In the future, more access methods will be added, including mobile ends and hardware plugins. Users can join the network by connecting to a Wi-Fi router.

Powerful data processing capability: Currently, $GRASS has the ability to crawl all the training data required for GPT-3.5 every day. If the network expands to 50 million nodes, it may have the ability to crawl the entire network, which is comparable to the scale of Google and Microsoft.

Advantages of Token Mechanism:

Strict lock-up mechanism: The tokens of early investors are locked until October 2025 and cannot be pledged or circulated, avoiding excess selling pressure in the market.

Low supply of circulating tokens: The actual proportion of circulating tokens is less than 20%, expected to be around 9-12%. DAO controls the remaining tokens for future incentives.

Reasonable allocation: The team did not allocate a large amount of tokens to the exchange, thus reducing direct selling pressure.

Token buyback and fee support: $GRASS tokens will have a buyback mechanism, and network fees will be used to support crawler and data purchase needs. Tokens can be used for staking to protect the network and receive a 52% APR.

Potential supply and demand imbalance:

Demand-driven supply and demand gap: Investors who want to get $GRASS exposure can only purchase through the open market on the chain, and there is no OTC transaction. The real market demand is obvious.

Opportunities for supply-demand imbalance: Even with future pledge releases and airdrops, demand is expected to significantly exceed supply, creating a supply-demand gap.

Investment strategy:

Currently allocating 15% of $GRASS as the minimum position, planning to hold for 3-6 months, and fully pledged. Without much thought, this is a wise choice.

Original link: https://x.com/yh_0x/status/1853384238038749199

5.@Nacho Trades: Analysis of the Potential of $Moodeng

Trader @NachoTrades made the following key points about $Moodeng, noting that the token's current market cap of $180 million has the potential to be undervalued, and shared his position strategy:

Core viewpoint

Market undervaluation: The current market cap is only $180 million, and Nacho believes that $Moodeng is undervalued at this level.

Position strategy: He established a position in the range of 0.16 dollars to 0.19 dollars, plans to hold it in the medium term, and will increase his position when the price corrects.

Rare target: $Moodeng is the second lowest market value Meme coin listed on Binance Futures, which means it has significant upside potential.

Market potential

Bull market effect: If the market appears similar to the counterfeit products market in Q1 2024 or 2021, then $Moodeng may have great room for growth.

Similar potential projects

Three major Meme coins: Nacho believes that $Goat, $Moodeng, and $Neiro may become the three major gold Meme coins in this bull market. It is expected that their performance will outperform other exchange tokens in the next 3-6 months. This is similar to the excellent performance of Pepe, WIF, and Bonk before.

Original link: https://x.com/NachoTrades/status/1854232564913033651

6.Bitcoin Stupid: A Brief Analysis of the Future Prospects of Ethereum (ETH)

KOL @BitSilly analyzed the current situation, future opportunities, and challenges of ETH and provided the following core viewpoints.

Adverse factors:

ETH spot ETF performed poorly, and the mainnet user engagement rate was not as good as Solana.

Inflation has affected the credibility of ETH's "ultrasound currency" narrative.

The introduction of the L2 project has increased the complexity of the ETH ecosystem and diverted liquidity.

Advantage factors:

Polymarket performed well during the election, demonstrating the potential of the ETH application layer.

Third-party solutions such as Celestia lag behind in competition, while ETH's Competitive Edge ecosystem remains stable.

Response measures:

By adjusting the chain abstraction and MEV mechanism, the synergy effect of L2 is enhanced.

Utilize ETF expectations and the potential of RWA (real-world assets) to drive future growth.

Market trends and judgments:

Although the current market performance of ETH is slightly sluggish, it still has the potential to double.

Solana's recent outburst has not changed ETH's leading position in consensus and security.

From a long-term perspective, ETH's RWA narrative may bring more incremental opportunities.

Bitcoin believes that the long-term potential of ETH is still strong, but it is necessary to closely monitor the development trend of Solana. Overall, it is recommended to keep the main focus on ETH and hold Solana cautiously.

Original link: https://x.com/bitfool1/status/1854339270162481174

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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