Orange Evening Interpretation 10.31 Recently, there have been too many FUDs about encryption on the internet, and I think it's completely unnecessary to say that the cryptocurrency market lacks innovation and is dominated by a group of disorganized people. Retail investors pay attention every day to who has invested and who wants to be listed on Binance, or to various cat, dog, frog, and Chinese meme exchanges, shouting orders and reaping rewards. On the other hand, American stock market players are all high-end players Various AI, robots, space, autonomous driving, immortality, and so on, compared in this way, the stock market is a value investment, and the cryptocurrency market is a takeover game. Indeed, these are all facts. The truly valuable projects in the cryptocurrency market may not be less than one in ten thousand, but hasn't the cryptocurrency market been like this all these years? Scams and sickles have not hindered the cryptocurrency market from being the highest return risk asset in the past decade, nor have they hindered the old leeks from making a lot of money. Anyone who has stayed in the cryptocurrency market for two rounds of bull and bear trading will definitely have better returns than stock trading. As an ordinary person and a Chinese person, your investment choices are already limited, and the cryptocurrency market is still the easiest track for ordinary people to access world investment. The returns of the cryptocurrency market over the years are definitely worthy of your choices back then, So there's really no need to downgrade the cryptocurrency market to dog poop at this moment. Looking back, the cryptocurrency market has gone through this kind of despair several times in each cycle. And the cryptocurrency market is like an invincible small force that has survived every time. I believe that those panicked students now have one thing in common, which is that the position of the big pancake is insufficient. In fact, the big pancake hasn't fallen much in recent days, not to mention 1011. Compared with the previous bull market pullbacks, it's much milder. So holding the cryptocurrency spot pancake is completely calm, and this pullback can even be said to be indifferent. The most miserable part of this wave is holding large positions in knockoffs. Nowadays, knockoffs can be said to be like bottomless pits, many of which are new lows and then new lows. In fact, if you want to... It's easy to deal with panic, just clean up the knockoff at any time without worrying about the cost, and then switch to a big cake. Be ruthless and ensure that you feel comfortable in the future, If I really can't bear to cut my own flesh, I think the most I can do is to make one rebound, and after the rebound, all of them will be replaced with big cakes. As an old leek with a lot of experience in long-term shanzhai, I can only say that I can exchange early and enjoy it early. Then let's talk about knockoffs. Although 99% of knockoffs are junk, there are still some projects that have a decent short-term trend, especially Zec. Today it's ath again, heading straight to 400 o'clock. Personally, I analyze that Zec's strength is due to several factors. Firstly, with the comprehensive reserve of institutions for large pancakes, the improvement of various financial derivatives and tracking tools has greatly reduced the privacy attributes of large pancakes. Basically, holding a certain amount of BTC wallets will be accurately identified, which is very unfavorable for many big shots with privacy needs. Therefore, privacy coins have become a supplement to large pancakes; The second reason is that the privacy attribute of the original leader XMR was too strong. XMR was forced to maintain privacy, making it almost the exclusive transaction currency of the dark web, so there will be regulatory issues. This is also why Binance, OK, and CB have all given up XMR. Now XMR's liquidity is insufficient, making it difficult for many large funds to hedge, so the funds of this wave of privacy giants have been taken over by ZEC; In addition, there is still room for 30x for Xiaohei Arthur's strong single Zec to reach 10000 dollars. Although Xiaohei sometimes changes directions 800 times a day, he performs well in both Hype ena Ethfi and captures the knockoff accurately. This is something that we must be impressed with. In short, the rise of Zec has also brought up the entire privacy sector. Perhaps only a few can emerge in the future, but at least it is a race track with real demand in the real world. Speaking of x402, although it cools down quite quickly, with Payai dropping to only 30m and Ping dropping to 20m, and many of the players who got on the car a few days ago being cut off again, this track is still co created by both inside and outside the circle, The protocol used by external giants such as Google and PayPal, as well as internal giants such as Coinbase and ETH Foundation, is likely to have a story to tell in the future. Moreover, x402 can facilitate transactions between AI agents. Imagine if various agents open accounts, issue coins, trade, and make markets on the chain in the future, and even young players like Agent P appear, the number of transactions that may be generated in the future will far exceed that of human hands, possibly several orders of magnitude higher. The entire process may play the role of AMM DEX and PERP DEX, which is a huge imaginative space. In the future, there will also be tools such as AP2 and ERC8004 that can create trust between agents. Perhaps this is the combination of AI and blockchain, so I think. The lifecycle of this track is still long, so focus on infrastructure projects that can continuously capture value, such as virtual clanger Hype Uni Link Something like that. Speaking of which, the recent TGE coin issuance projects have been really miserable. Platforms such as Kaito and Coinlist have seen the emergence of broken coins. In fact, there were also broken coins on the Legend platform before, Many projects on Echo also die at the beginning, and Umbra, the first project on Metadao to raise over 100 times more than its initial public offering, recently broke down. The following projects can basically remain on the water on the opening day, but may break down the next day. This is the current situation in the primary market. The most valuable period for a project is before it goes public. When it goes public, it is usually at the peak of the coin price, and then it will blend into the continuous decline of the old knockoff on CEX. Therefore, I advise students who participate in IDO to cherish the high price on the first day of opening if the project you invest in goes public, regardless of whether it is listed on Binance or not, whether it breaks down, or how hot it is during financing. As long as it goes public, It will automatically become a garbage knockoff and be kept overnight. Today, several large trucks of wealth management coins have ended, Fight has raised over 116 times, Megaeth has raised over 27.8 times, including the previous zkpass. After issuing coins, no matter how many times, sell immediately. Next, AC's project @ flyingtulip-1 will raise funds on @ impossibilfi, and this amount requires pledging platform coins idia. The coin price has already taken off, so if you buy now, be prepared to be cut off by idia first.