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Currently, the crypto assets market is experiencing a peculiar phenomenon: as soon as a token has a slight rise, it is considered the "next MYX"; while certain memefi projects are seen as the "next alpaca." However, this simplistic analogy may mislead investors.
Before participating in such investments, we need to comprehensively assess several key factors: first, clarify our investment cognition; second, understand the functions and uses of the target Token; third, investigate the background of the project party; fourth, identify market makers; and finally, analyze the funding rate cycles, especially the funding rate of the 1-hour cycle, which often attracts arbitrageurs to enter.
It is worth noting that the current market structure of MYX shows that 90% of spot trading is concentrated in the hands of the top 10 holders. This means that the contract price is largely driven by the spot market. Market makers can manipulate the contract price through internal transfers, and this method of operation is worth being cautious about.
Although some may predict that the MYX price will reach 10 USDT, such predictions lack a solid foundation. The ultimate goal of market makers in raising prices is usually to offload their assets. Therefore, even if the outlook is bullish in the short term, investors should remain rational and comprehensively assess the risks.
In this rapidly changing market, blindly following trends and making simplistic analogies can pose significant risks. A truly successful investment strategy should be built on the foundation of in-depth research, rational analysis, and risk management.