In a bull market, the strategy is to "hold" and reduce trading.

Recently, Huobi HTX launched a new column "#Dialogue with HTX Partners," with its fourth episode airing. In this episode, Huobi HTX invited former well-known cryptocurrency media partner DaDa and KaBoom founder 0xLeon to comprehensively review the large-scale theft of user funds on the DEXX platform, and they discussed investment strategies during a bull market as well as the correct approach to on-chain impact.

TON is a Worthy Investment Opportunity

DaDa comes from a technical background and has worked and started businesses in the traditional internet sector before entering the crypto market as a media partner in 2017. These experiences have given DaDa a profound understanding of blockchain technology, products, and the entire industry, leading him to focus on ecosystem development at this stage.

DaDa revealed that he has conducted a multi-dimensional study of the TON chain from a technical perspective and believes that TON is a very noteworthy opportunity in this bull market.

"From a technical standpoint, the TON chain represents a generational upgrade in blockchain technology. From the user and ecosystem perspective, it is supported by Telegram, a global communication platform with 1 billion users." Based on this, DaDa believes that the TON chain will serve as a significant bridge for Web3 to break through barriers and reach a larger user base.

DaDa also suggested that crypto users can utilize mini-programs to discover projects that truly provide service value through personal experience.

0xLeon has a background in trading on Wall Street and entered the crypto market by chance in 2021. He gradually built his risk awareness of the crypto industry starting from hosting in the crypto space.

Regarding the development of the TON chain, 0xLeon mentioned that the TON Foundation intends to support sectors like DeFi and Meme, and a batch of leading DeFi and Meme projects may emerge around the end of this year, establishing a deep connection between a vast number of users and the crypto world.

Preventing the "Meme Coin" Trap

During the interview, 0xLeon defined "Meme Coin" as finding the method with the highest win rate and odds simultaneously. For Meme projects, even a 1% win rate is rare. Once successful, it can yield tenfold returns. From his observations, when the market cap of a Meme reaches two to three million dollars, the win rate and odds reach a balanced state.

However, both 0xLeon and DaDa agree that Meme coins and Meme projects are not the same; their profit strategies differ significantly. Specifically, Meme coins are usually low market cap and have a short lifecycle, while Meme projects possess cultural attributes and consensus, have sufficient liquidity, and are relatively easier to break out of their niche.

When discussing how to prevent the "Meme Coin" trap, 0xLeon believes that using third-party API tools to check the contract risks of each token can help reduce risks from 90% to 10% by conducting risk ratings on smart contracts.

DaDa stated that, in addition to technical factors, emotional factors also need to be considered. "Meme coins can experience dramatic short-term price fluctuations that easily attract attention, and sudden crashes are quite common. In most cases, Meme coins are a game of who can run faster. One must learn to use more tools to avoid emotional impulses and not act blindly."

Additionally, in light of the recent DEXX incident, both guests agreed that most users, in pursuit of convenience, use custodial wallets and store their private keys on third-party servers, which can lead to two problems: first, being hacked; second, the custodian succumbing to temptation and stealing.

To avoid these issues, both guests suggested not investing large amounts of money in Meme projects and being cautious with wallets, avoiding downloading apps or clicking links indiscriminately, and using exchange wallets instead.

In a Bull Market, the Strategy is to "Hold" and Reduce Trading

When discussing investment advice during a bull market, DaDa believes that one should not trade excessively or speculate on coins but rather focus on building, developing projects, and conducting in-depth research.

0xLeon thinks that 90% of one's portfolio should be in mainstream coins like BTC, SOL, and TON, while small amounts can be used for Meme projects. One should not blindly follow others but develop their own methodology.

Furthermore, despite Ethereum's recent underperformance, both guests are optimistic about Ethereum's long-term development. "Ethereum has its place in the entire blockchain ecosystem. Especially in the integration with traditional finance, Ethereum is a crucial component. Its technology, ecosystem development, and community consensus are strong; the current mediocre performance is not due to its inadequacy but because its opportunities have not yet arrived."

At the end of the interview, DaDa believes that exchange wallets and the Meme sector are two areas worth Huobi HTX's deep cultivation. 0xLeon hopes that under the leadership of Huobi HTX's global advisor Sun Yuchen, TRON and Huobi HTX can deeply integrate to form an important bridge linking reality and the crypto world.

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