Silly continues to explore the SOL network, what other opportunities are available? Share two valuable trading strategies

On December 25, the market fell, capital rotation accelerated, old coins made up for the increase, and SOL surged, becoming the top three public chains. SOL’s spot and contract trading volume exceeds that of BTC.

The Meme token $SILLY (silly dragon) on the SOL chain climbed rapidly, breaking through 0.1 US dollars, and is now quoted at 0.12 US dollars, setting a record high. In the past 24 hours, $SILLY has increased by 48%. The silly dragon represents the totem of the founder of SOL, similar to ETH’s Shiba, which is the spiritual symbol of the founder. Compared with Ethereum, SOL and Avalanche have lower handling fees and faster transaction processing speeds, and are more suitable for fast transaction rhythm. This also explains why $SILLY and other inscriptions are able to stand out in these two markets.

So what opportunities are there currently on the SOL chain?

1-$JTO and $MNDE

The two largest liquidity staking projects on Solana are Marinade Finance and Jito. According to DefiLlama data, as of December 22, Marinade Finance’s TVL was US$1.05 billion and Jito’s TVL was US$626 million. These two projects are also the top two TVL-ranked projects in the Solana ecosystem. TVL represents the total liquidity in the liquidity pool and is an important indicator for evaluating public chain user consensus and capital liquidity. This shows Solana’s strong appeal and user engagement in the DeFi field.

2-$ZERO

$ZERO is a protocol on Solana dedicated to providing fair launch and solving liquidity issues for Meme and NFT. The protocol combines theme inscriptions, artificial intelligence, and capability innovation. It is currently listed on Bitge and Huobi exchanges.

3- $PYTH

Solana’s Chainlink provides Oracle solutions for Solana DeFi applications, and it is expected to be listed on Coinbase or Binance spot exchange. The current price is 0.36. At the same time, Python is definitely severely underrated. In the entire oracle field, there is no other competitor except Chainlink. Moreover, although Binance has contract trading, it does not have spot trading capabilities, which increases expectations for Chainlink to be launched on the Binance spot exchange.

Although SOL has performed well recently, we should not deviate from our focus. Currently, 90% of addresses holding BTC are profitable, which means there is a high chance of correction to the mean reversion in the future. Inscriptions, NFTs and memes are certainly attractive, but the real core assets are the most important, and they directly affect the return on total assets.

Let’s talk about the hot news. Today, Polkadot’s $MOVR, $ACA, $GLMR, and $KSM surged. Funds rotated into the stagflation Polkadot system, and the market entered the later stage.

L2’s $OP and $METIS surged. OP unlocked 80 million U this week, METIS allocated funds to establish an ecological foundation, and ETH announced the Cancun upgrade test network time.

The $BAKE of the btc ecosystem has soared, and bake released the next ido project bitland.

Share two gold trading strategies:

First, new wine in an old bottle, low difficulty

The target is usually an old project with a score of 50 points. The bear market is dormant, and the project is in the last round I have been on Binance, so the attention and popularity are still there. Now the boss is back at the poker table and the project has started new actions.

Target characteristics:

• Already listed on Binance

• Project quality is average

• There is no sound in the entire bear market

• October After that, they started to make big moves, and they did whatever they wanted to do, and even changed their names

• The monthly line is lying on the floor, but the trading volume has increased significantly in the past two months

Trading strategy:

• Trading volume increases but the benefits are not released before opening a position

• Don’t run too fast, this type of currency generally declines by 95%, and it is normal to increase several times

2. Liquidity Pump, more difficult

Track new projects and new hot spots, and strive to discover them as early as possible. As the market heats up, the introduction of liquidity will naturally push up prices, and exit at the right time.

Target characteristics:

• New, but the concept is not new

• Small, non-infrastructure

• Generally based on the new ecology, easy to obtain traffic

Trading strategy:

• Pursue opening a position as early as possible. If you haven’t listed on Coingecko at the earliest, you haven’t listed on CEX the next morning, and it will be too late if you go on CEX

• How early? Monitor new projects that KOLs are following

• The liquidity introduced with the market heat will naturally push up the currency price

• Have a pre-judgment of the level of the project. If the strength of the project side is average, Then you can sell it after listing the second-tier CEX.

That’s it for today, I wish everyone will get rich as soon as possible!

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