SparkDAO

Posted on Feb 28, 2022Read on Mirror.xyz

SparkDAO Spot Strategy | Crypto Investment Research Report 220301

SparkDAO is an investment research group focusing on the field of digital encryption, with members distributed all over the world. We are keen to explore the underlying logic and cutting-edge tracks in the field of digital encryption. Welcome to our Twitter: sparkdao_io

*This article is only a personal subjective opinion, does not promise any income, assumes no legal liability, and does not constitute any investment opinion.

This issue focuses on 2 projects, SOL / BNB, and the key analysis project is SOL.The analysis reason is that SOL, as a governance token of the Solana platform, is mainly used for mortgage.And transaction fees became the support for its price.SOL came not to be an Ethereum killer, but to help Ethereum expand his ecosystem and make DeFi more important.And SOL's wormhole protocol can make more connections between Ethereum and SOL, achieve greater expansion, and is conducive to enhancing his value.Higher security will also help more DEFI projects develop on SOL.

1.SOL(Solana)

Concept: Public chain L1

Circulation market value: 28.7 billion USD

Current price: 89USD

All-time high: 259USD

History lowest: 0.5USD

Opening price: 0.22USD

First release time: 2020-3-23

Market value ranking: 7

View: SOL, as the So lan a governance token of the platform, is mainly used for mortgage.And transaction fees became the support for its price.SOL came not to be an Ethereum killer, but to help Ethereum expand his ecosystem and make DeFi more important.And SOL's wormhole protocol can make more connections between Ethereum and SOL, achieve greater expansion, and is conducive to enhancing his value.Higher security will also help more DEFI projects develop on SOL.

Above $60 to consider the intervention to build a position, $100 near the consideration to reduce positions to stop profit, can also consider the long-term allocation of some positions.Strictly control low positions, do not support heavy positions and other irrational behavior.

2.BNB(Binance Coin)

Concept: platform currency

Circulation market value: 61.3 billion USD

Current price: 364USD

All-time high: 690USD

History lowest: 0.059USD

Opening price: 0.15USD

First release time: 2017-7-26

Market value ranking: 4

View: Binance Coin is a token issued by Binance, or BNB, which is a decentralized blockchain digital asset based on Ethereum Ethe reu m.The total amount of issuance is always 200 million. BNB is destroyed every quarter according to the trading volume of the currency security platform in the quarter. The destruction records will be published in the first time. Users can query through the blockchain browser to ensure openness and transparency until the total amount of 100 million BNB coins is destroyed.As an Binance ecosystem and decentralized exchange fuel, BNB has been applied to many scenarios. At present, B N B ranks firmly in the global TOP 20, and the best ranking is the global TOP 10, which is supported by blockchain enthusiasts in more than 180 countries and regions around the world.

Above $300 to consider intervention to build a position, $410 near to reduce positions to stop profit, can also consider long-term allocation of some positions.Strictly control low positions, do not support heavy positions and other irrational behavior.

The views and opinions expressed here are solely those of the author and do not necessarily reflect the views of SparkDAO. Every investment and trading move involves risk, you should conduct your own research when making a decision.