I have some UNI in my position, which accounts for 1.56% of my allocation—honestly, it's not worth mentioning. Most of the time, I just ignore it. But recently, the marketing accounts in the community have become absolutely overwhelming, and it's exhausting to see. Newcomers need to understand one thing: don't take any recommendations you see on the community feed too seriously.
Any plaza where you can register with just an email address is filled with people speaking with ulterior motives. Those who are constantly shilling some coin generally fall into two categories: either they're holding high-leverage long positions on futures contracts, eyeing 0.5% or even 0.1% short-term fluctuations to make quick profits; or they're pure marketing accounts. Why would real spot traders who actually make money be bragging on the plaza every day? When have people who actually accumulate coins been talkative? The result? The more retail investors there are, the more brutally they get liquidated. Don't expect retail traders to pump the market—no matter how many there are, it won't help. This isn't really about trading volume or capital scale at all; it's essentially manipulation controlled by the system behind the scenes.
As for all that talk about resistance levels and support levels for altcoins, it's complete nonsense. All the so-called KOLs on the plaza are just armchair generals after the fact. If you could actually make money following them, cryptocurrency wouldn't exist anymore. Trading according to their strategies will likely leave you losing your shirt.
Let me talk about the two leading projects in DeFi: UNI and AAVE. First, UNI—to put it bluntly, its token mechanism is "dishonest." The protocol's original intention was never to profit from the token itself; it's essentially an exchange, and issuing a token is just free airdrop giveaway. With 2% annual inflation plus 20 million fixed unlocks, the price is essentially locked down. Currently only 630 million tokens have been released, with 270 million more waiting to unlock. One major platform's data on this is accurate, and even that exchange's customer service admits it, but third-party data sources have problems. The entire timeline for these inflation and unlock schedules is completely at the discretion of the project team. Marketing accounts don't mention any of this—of course they don't want you to know.
Looking at AAVE, the mechanism is much more transparent, and its market cap is less than half of UNI's. If you have a position in DeFi, you could definitely consider swapping into AAVE as a replacement. There's really no need to bet all your chips on UNI.
Final advice: when you see marketing accounts on the plaza, don't block them immediately—report them first. Then leave a comment in the replies labeling them (marketing account). At least it might plant a seed of doubt in newcomers' minds so they don't get carried along so easily. Now that I've written all this, I notice another batch of marketing accounts have popped up on the plaza. It's really impossible to guard against.
I have some UNI in my position, which accounts for 1.56% of my allocation—honestly, it's not worth mentioning. Most of the time, I just ignore it. But recently, the marketing accounts in the community have become absolutely overwhelming, and it's exhausting to see. Newcomers need to understand one thing: don't take any recommendations you see on the community feed too seriously.
Any plaza where you can register with just an email address is filled with people speaking with ulterior motives. Those who are constantly shilling some coin generally fall into two categories: either they're holding high-leverage long positions on futures contracts, eyeing 0.5% or even 0.1% short-term fluctuations to make quick profits; or they're pure marketing accounts. Why would real spot traders who actually make money be bragging on the plaza every day? When have people who actually accumulate coins been talkative? The result? The more retail investors there are, the more brutally they get liquidated. Don't expect retail traders to pump the market—no matter how many there are, it won't help. This isn't really about trading volume or capital scale at all; it's essentially manipulation controlled by the system behind the scenes.
As for all that talk about resistance levels and support levels for altcoins, it's complete nonsense. All the so-called KOLs on the plaza are just armchair generals after the fact. If you could actually make money following them, cryptocurrency wouldn't exist anymore. Trading according to their strategies will likely leave you losing your shirt.
Let me talk about the two leading projects in DeFi: UNI and AAVE. First, UNI—to put it bluntly, its token mechanism is "dishonest." The protocol's original intention was never to profit from the token itself; it's essentially an exchange, and issuing a token is just free airdrop giveaway. With 2% annual inflation plus 20 million fixed unlocks, the price is essentially locked down. Currently only 630 million tokens have been released, with 270 million more waiting to unlock. One major platform's data on this is accurate, and even that exchange's customer service admits it, but third-party data sources have problems. The entire timeline for these inflation and unlock schedules is completely at the discretion of the project team. Marketing accounts don't mention any of this—of course they don't want you to know.
Looking at AAVE, the mechanism is much more transparent, and its market cap is less than half of UNI's. If you have a position in DeFi, you could definitely consider swapping into AAVE as a replacement. There's really no need to bet all your chips on UNI.
Final advice: when you see marketing accounts on the plaza, don't block them immediately—report them first. Then leave a comment in the replies labeling them (marketing account). At least it might plant a seed of doubt in newcomers' minds so they don't get carried along so easily. Now that I've written all this, I notice another batch of marketing accounts have popped up on the plaza. It's really impossible to guard against.