The previous article, "姨太2888," was long and precise, with a profit of 58 dollars. Trading was light over the weekend, and after a big drop, the weekend adjustment was small and normal. Stay tuned for more short-term updates in the next article.
The Rise of Decentralized Social Media
Decentralized social networks still face significant challenges before they can achieve complete success, including expanding their infrastructure to accommodate more users, simplifying the process for new users to create digital wallets, and abstracting gas fees as much as possible.
Despite these challenges, we have seen substantial progress in the overall user experience with Farcaster, and a sticky community has formed around Farcaster (e.g., with approximately 50,000 daily active users and 350,000 registered users). A key factor contributing to these numbers is the usability of the mobile app, which should be easy to install and provide a user experience similar to traditional social networks.
Another crucial factor is the permissionless nature of protocols (e.g., Farcaster, Lens, etc.), which provides developers with fertile ground for innovation and development on top of existing blocks and features.
Similar to the DeFi summer, we are witnessing a dynamic experimental environment (e.g., yup.io as a decentralized social network aggregator, drakula.app as a short video platform, and neynar.com as a Farcaster-based SaaS tool), all of which are based on these emerging protocols.
Founders can now start building a native Web3 distribution channel for their projects, allowing people to start their journey through these projects and expand from their initial points of interest to directly embedding other applications or links in their information flow (e.g., through Frames). At the same time, applications that attract new users can serve as a distribution channel for the rest of the decentralized social network, thus initiating a positive feedback loop.
This week, we experienced a wave of daily-level callbacks, with five days of decline from Monday to Saturday and only one day of increase. I personally predict that the intense battle of long and short positions will take place next week!
Next week will bring three major events:
(1) The release of the crucial US inflation data CPI on Wednesday of next week. If it is higher than expected, it will be bearish; if it is lower than expected, it will be bullish. If it is lower than expected on Wednesday and Israel has not launched a fierce offensive, then BTC is expected to experience a significant rebound. Conversely, if it is higher than expected, BTC will face a sharp pullback. Everyone should pay attention to their positions!
(2) Next week, more than six Federal Reserve officials will give speeches, with the most anticipated being Powell's speech on Tuesday. This is worth paying attention to!
(3) Next week, the Israeli-Palestinian peace talks may come to a conclusion.
Today's Sharing:
In the secondary market, Bitcoin continues to fluctuate. Many altcoins related to Ethereum are really struggling. However, the AI sector and some strong altcoins have been oscillating upwards since April 13, such as Arkm, lpt, jto, etc. Therefore, it is important to choose the right coins for bottom fishing, and it is best not to touch the exchange rate related to Ethereum until it breaks through.
In the primary market, the Solana chain is still very interesting, with new projects emerging every day. However, most of them are old coins, and no other particularly eye-catching new projects have been seen, mostly related to cat themes.
The Bitcoin ecosystem has recently been hyped in the secondary market when the market was sluggish. Currently, both Rune and Inscription are very sluggish. These project parties don't seem to know what they are thinking, especially those institutional second layers. In such a quiet market, they don't understand how to create excitement. If they do, it will be equivalent to a hot coin, and it will attract funds. Currently, the Bitcoin ecosystem of institutions is just a vampire and has not brought in a large amount of new funds.
The market is patiently waiting for a breakout of hotspots when the market is not good. In the past, when the market was not good, interesting plate models always emerged, but currently, none have been found. BTC may once again fall below 60,000. At that time, the release of the CPI data will determine the result. In any case, it is best to observe more and act less, and wait for stability before entering the market!
- I am Zhou Yueying, a teacher specializing in technical analysis. If you have any questions about operations or trends, feel free to communicate and learn with me! Let's exchange ideas and profit together! Official Account: I am Zhou Yueying, V Blog: Financial Expert Zhou Yueying
Article publication review has a time delay, and the market is ever-changing. The above suggestions are for reference only, and risks are self-borne! The market changes daily, and all I can do is use my many years of practical experience to provide some weak assistance, guiding everyone's investment decisions and management in the right direction. Meeting is fate, and I am a person who believes in fate. If you have any doubts or questions in the currency circle, you can pay more attention to Zhou Yueying, and I believe it will be helpful to you.
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