AMA on X

Recently, the cryptocurrency market has experienced a wave of new coin launches. However, through in-depth analysis, we have found that most new coins are not worth much attention. This article will focus on analyzing three notable coins that carry relatively high potential risks. First is MITO, which is currently viewed in a polarized manner by the market. Although some investors expect it to break the $0.5 barrier, on-chain data shows that funds are flowing out in large amounts. Given the current market environment, MITO may find it difficult to achieve a significant increase in the short term, and instead, the downside risk is considerable. Secondly, the technical aspect of DOLO shows a weak trend. The daily chart has formed a bearish candlestick pattern, while on-chain data indicates a significant net outflow per hour, suggesting heavy selling pressure. Considering various factors, DOLO is likely to continue its downward trend in the short term, with no clear rebound signals yet. Finally, there is PLUME, whose daily chart has shown consecutive days of closing in the red, indicating a lack of strength in the overall rebound. Notably, a clear double top resistance has formed around the $0.1 mark. At the same time, on-chain data shows that there have been several large sell-offs recently, which further increases the downward pressure on PLUME. Overall, in the current complex and ever-changing encryption currency market, investors need to remain highly vigilant and be cautious with these newly launched coins. It is recommended that investors conduct a comprehensive analysis of market data and objectively assess risks before making any investment decisions to avoid unnecessary losses. At the same time, continuously monitoring market dynamics and professional analyses is also key to seizing investment opportunities.

Recently, several new tokens have emerged in the digital currency market, attracting widespread attention from investors. Let's analyze the market performance and future trends of these three new coins: $MITO, $DOLO, and $PLUME. $MITO is currently in a controversial position. While some investors are looking forward to it breaking the price barrier of 0.5, on-chain data shows that a large amount of funds is flowing out. This may indicate that a significant upward trend is unlikely to occur in the short term. The situation of $DOLO is also not optimistic. From a technical analysis perspective, the daily chart shows a downward trend. Meanwhile, on-chain data indicates a significant net outflow of funds on an hourly basis, reflecting substantial selling pressure. In the short term, $DOLO may continue its downward trend. As for $PLUME, its trend is even more concerning. The consecutive days of bearish candlestick patterns indicate a lack of upward momentum. The price level of 0.1 has formed a strong double top resistance, making it difficult to break through. In addition, on-chain data shows the presence of large sell orders, which further increases the downward pressure. Overall, these three newly launched cryptocurrencies face significant downside risks in the short term. However, the cryptocurrency market is ever-changing, and investors should closely monitor market trends and manage risks effectively. At the same time, it is important to note that these analyses are based on current market data and technical indicators and cannot fully predict future trends. In investment decisions, investors are advised to comprehensively consider various factors such as the fundamentals of the project, technological development, and team background, rather than solely relying on short-term price trends. At the same time, it is essential to always keep in mind the high-risk characteristics of the cryptocurrency market and not to invest funds beyond one's capacity to bear.

Recently, WorldLibertyFinancial (WLFI) announced that its stablecoin USD1 has officially launched on the Solana blockchain, further expanding the cross-chain ecosystem of USD1. As the second-ranked public chain by market value, Solana, second only to the Ethereum mainnet, attracts numerous developers and users with its high performance and low-cost features. The launch of USD1 on Solana marks that this stablecoin has covered the three most influential public chain ecosystems. It is worth noting that WLFI has previously issued USD1 on the Binance Smart Chain (BSC). Considering that the Bitcoin network currently does not support full smart contract functionality, BSC can actually be regarded as the third-largest smart contract platform by market capitalization. However, users currently cannot directly transfer USD1 cross-chain to the Solana network because the corresponding cross-chain bridge is not yet completed. Currently, USD1 only supports direct transfers between the Ethereum, BSC, and Plume networks. To transfer USD1 to the Solana on-chain, users temporarily need to operate through a centralized exchange. This series of measures reflects WLFI's strategic layout in expanding the influence of its stablecoin. With more public chains coming on board, USD1 is expected to play a greater role in decentralized finance (DeFi). However, the improvement of cross-chain infrastructure remains key to future development. Industry insiders generally believe that with the continuous advancement of blockchain technology and the maturity of cross-chain solutions, multi-chain stablecoins like USD1 will play an important role in promoting interoperability within the blockchain ecosystem.

Plume seems to be contemplating the release of BTC liquidity, as everyone has seen how a multitude of BTC, lying dead weight as "digital gold", is a great waste. However, compared to previous BTCfi projects, the entry point of Plume lies in combining RWA with BTC to provide a steady income in BTC. From this perspective, it is indeed easier to attract the attention of institutions than to focus on obtaining crypto-native income in the industry.

The CeDeFi model (DeFi’s flexibility, TradFi’s security) is a big win. Partnerships with heavyweights like Franklin Templeton and Plume Network add credibility, while their $16M $BB buyback program screams confidence. X users are calling it “the future of institutional crypto,” and I’m inclined to agree. $BB {future}(BBUSDT)