Today's Must-Read | Twitter Featured Views [November 11th]

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Renata2024/11/11 07:04

By:Renata

Today's Must-Read | Twitter Featured Views [November 11th] image 0

1.Rui: $BONK will start a new round of growth

$BONK has just broken through the huge triangle consolidation range of the past year. If the pullback is confirmed, this will be an opportunity worth bold layout.

Rui believes that BONK's next step will be quite radical, especially with the accumulation of the following catalytic factors, it will stand out among the many meme coins:

1. Robinhood and Webull listing rumors are approaching, which will unlock the liquidity of US retail investors

2. The only memecoin with ETP

3. Coinbase's only new memecoin

4. BonkBot's strong repurchase/destruction pressure

5. Upbit USDT trading pair has been launched, and Korean Won (KWR) trading pair will be launched soon, which may stimulate the enthusiasm of the Korean market

These catalysts make BONK undeniable. Soon you may see discussions of "Bonk Guy" again on the timeline.

See the original text: https://x.com/YeruiZhang/status/1855793542758814015

2.Shelby: $FLOKI's Continuously Strong OG Meme

$FLOKI is one of the few remaining OG memes, following $DOGE and $SHIB.

The difference is that Floki is actually practical and has built a huge ecosystem in the past three years.

This is also the reason why I don't easily chase after random rises - I prefer #memecoins that survive in bear markets and have fundamental support, especially #Floki.

See the original text: https://x.com/CryptoNewton/status/1855584946959552886

3.WIZZ: Optimistic about $DOGE surpassing mainstream coins

DOGE may surpass all mainstream coins in the next few weeks or months.

Everything is ready.

-Elon Musk concept

Department of Government Efficiency (D.O.G.E) Narrative

-X payment potential benefits

Heavily optimistic about this opportunity.

See the original text: https://x.com/CryptoWizardd/status/1855699751746117975

4.XO: Analysis of $WIF Trading Strategy

XO proposed two possible transaction scenarios for $WIF:

Breaking through the median line: If the price breaks through the median line, it will force the bearish position to squaring, further pushing up the price.

Brief pullback: The bears received brief relief, and the price continued to rise after a slight pullback.

XO said that regardless of the scenario, he maintains a bullish positioning and will continue to hold.

See the original text: https://x.com/Trader_XO/status/1855659947381379460

5.Rui: The Awkward Positioning of SCR and Its Relationship with Trump

Scr is an awkward existence in Trump's target, with several key points:

1. SCR is supported by Polychain and is also the largest supporter of Trump's WLFI project. Among the three major crypto funds in the US, only Polychain explicitly supports Trump, and even once worked at Mar-a-Lago.

2. It is speculated that Polychain's position cost is in the range of 7-900 million dollars, and the position ratio is close to or even more than 10%.

3. The essence of WLFI is to raise campaign funds for Trump. Based on non-public data, in the last 20 days of the campaign, Trump's funds were in crisis, but he could not directly and quickly obtain political contributions from the US people. Therefore, he opened an overseas fundraising channel through Polychain and SCR, which was a "timely help" move.

4. If SCR is a US project, the dividends obtained may be greater.

See the original text: https://x.com/YeruiZhang/status/1855793542758814015

6.Hitesh.eth: The impact of the launch of the application chain on investors

As decentralized applications gradually transform into independent application chains, investors can obtain more value from them.

ENS is becoming Namechain

Uniswap is becoming Unichain

MakerDAO will launch Makerchain

Aave will launch Aavechain

Trading viewpoint:

Enhance the practicality of tokens: The launch of the application chain has added new uses to the original application tokens (such as ENS, UNI, MKR, AAVE), such as staking and using them as on-chain gas fees.

Inflationary incentives: Many application chains may introduce new token supply to incentivize ecological growth, which will bring annual inflation of tokens, but also provide additional incentives for holders.

Token value increase: The new uses and growth catalysts brought by the application chain help to increase the market attention and demand for tokens, expand community support, and thus drive up token prices.

For investors, the launch of the application chain is not only an opportunity for value capture, but also a powerful catalyst for price growth.

See the original text: https://x.com/hmalviya9/status/1855832167705919677

7.Chen Jian Jason: BounceBit V2 version launched, observation of the transformation of BTC ecological asset management projects

BounceBit's V2 version was officially launched today. Chen Jian Jason pointed out that this is a public Alpha test, and the launch time and content were announced in the document half a month ago. The current price has risen from the previous low of 0.23 to 0.35, and the structure is still relatively healthy. Jason believes that investors who hold a large amount of $BB or open contracts should closely monitor this trend and pay attention to latent risks.

Trading viewpoint:

BounceBit is one of the early projects in the BTC ecosystem, but it has gradually weakened the BTC label and focused on multi-chain asset management such as ETH, Sol, and Sui. This transformation reflects the team's response to the "source of income" problem faced by BTC staking projects.

The V2 version introduces the concept of CeDeFi, which not only provides on-chain staking income, but also adds a quantitative arbitrage income model. These assets are held under compliance agencies Mainnet Digital and Ceffu, further enhancing security.

The newly added CeDeFi SaaS and BounceClub features, including user-defined AI Agents and PumpFun Meme launcher, bring more application scenarios to $BB and further consolidate its positioning as an asset management platform.

Overall view: Chen Jian Jason emphasized that the BounceBit team has strong execution and has been active in product iteration. The team obtains profits through real TVL liquidity, avoiding simple TVL lifting strategies, which has positive significance for the long-term stability of the asset management platform. The current FDV is 700 million, the circulation is 160 million, and the next unlock will be in May next year. There will be no new coins released in the next six months. Investors can evaluate their holding strategies from a long-term perspective.

See the original text: https://x.com/jason_chen998/status/1855813095375135215

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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