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Today's Must-Read | Twitter Featured Views [October 31st]

Today's Must-Read | Twitter Featured Views [October 31st]

Renata2024/10/31 07:00
By:Renata

First, Master Pang: The potential to buy $Puffer, the king of cost-effectiveness

Transaction view : Puffer project has both potential and low market value, which is an excellent opportunity to start now. The key to my attention is its Rollup-Based L2 solution and LRT business. If the route is successful, its influence may be no less than the current Optimism. At the same time, the current circulation market value of Puffer is only 30 million US dollars, and the FDV is 300 million US dollars. With its narrative and practical support, the cost performance is very high.
For interested investors, it is recommended to act within their means, avoid leverage, set stop-loss levels appropriately, and leave the rest to the market.
 

Bluntz: $PYTH is ready to welcome the "divine candle".

Trading view : $PYTH is currently forming a perfect arc bottom and has experienced three months of accumulation. It is currently approaching the main resistance level, and once broken, the future trend will be very smooth. The beta project of the Solana ecosystem will also regain market attention.
 

Andrew Crypto: $INJ Trading Observation

Trading view : $INJ is gradually rising and breaking through key levels. It has flipped the first diagonal resistance but encountered the second resistance point. Once it breaks through here and forms a small upward flag, I expect a rapid expansion to the June high with a target of about 33 dollars.
 

Unipcs (aka'Bonk Guy '): Solana's growth trend will continue to surpass Ethereum

Trading view : Although $SOL has recently seen a huge increase and $ETH has not yet made significant moves, according to market data, the market value of $ETH is currently 3.9 times that of $SOL, and the proportion of on-chain activity is significantly biased towards $SOL in this cycle. Various signs indicate that this trend will continue.
Although I am optimistic about $ETH and believe that its pessimism is excessive, looking ahead, $SOL is likely to continue to outperform $ETH, even if $ETH may temporarily perform stronger in the short term. When the market fully enters a frenzy phase in the future, the current growth rate of $SOL will be far less than its future performance, and the high cost of $ETH will make it almost unusable.
Even if $ETH has failed to reverse the market situation since obtaining ETF, it is not impossible for $ETH to reach $10k if BTC reaches the level of $200k in the future. However, even with the current large increase, $SOL is still relatively undervalued from a fundamental perspective. The market may undergo a significant readjustment to more accurately reflect its value.
 

Ryuzaki S-L: Rapid Growth of Sei Network

Transaction Perspective : Sei is one of the fastest growing blockchains, with TVL currently reaching $165.45 million 📈. In the past month, @SeiNetwork has attracted about 808,000 new customer engagements to its EVM. This week has reached 175,000 unique users, completing over 1.60 million transactions.
Top SEI DeFi Protocol
a.@YeiFinance - $93.68m
b.@Silo_Stake - $65.37m
c.@dragonswap_dex - $25.29m
d.@jlyvrs - $18.27m
e.@StargateFinance - $10.67m
Suggested attention : Sei's active users and transaction volume show a strong growth trend, not to be missed.
 

0xWizard: How to select potential targets on the chain and avoid PvP?

Transaction perspective : The key to selecting potential targets on the chain lies in community firmness and upper limit potential , and projects with these two characteristics are more likely to stand out.
1. Community drillers : After experiencing multiple 80% drops after the hotspot, the community that remains active and firm has more potential because the future selling pressure is small.
2. High upper limit : The target needs to meet the pure meme characteristics or create a new track, with the potential to attract more buying orders, especially emerging AI tokens.
99% of on-chain projects are short-term hot plates, and the degree of popularity and novelty determines the final height, while most will return to zero. A few projects will precipitate strong communities and form new tracks. Even after experiencing multiple 80% deep declines, these targets still have active communities and full of faith, which can be given priority attention.
 

Eugene Ng Ah Sio: Reflections on October Trading - 7/10

Trading view : The main strategy for October revolves around "buying on dips", but the focus is on whether you can hold your position effectively. This round of trading experience has taught me that when market sentiment is high, execution errors can significantly affect overall returns.
1. Misjudgment and reflection : At the beginning of the month, in the market fluctuations of the Iran/Israel conflict, $WIF and $PEPE were built in advance at a low level, but due to improper execution, the positioning was insufficient when the low level was pulled back, resulting in some losses.
2. Emotional reorganization and adjustment of positioning : After a few days of rest, re-enter the market with small positioning, gradually regain the state, and trade stably in the rising range of 60k to 69k.
3. long position strategy : in addition to long $ENA perpetual contract, I also increased the spot position, as a long-term holding target.
4.$SOL trading thinking : buy the low point of $SOL at the end of the month, but because of premature position squaring, missed the higher potential profit.
Future Outlook : The position has been cleared and it is expected that there will be significant fluctuations in the market in the next two weeks, and both bulls and bears may be damaged. Be cautious during this period and wait for a clear opportunity to act.
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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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