Did you know? Dogecoin is about to have a big boost, which will be even stronger than the surge on April Fools’ Day. Remember this key date and get rich instantly!
Are Pendle, EtherFi, and BNB worth buying at the bottom?
What’s the mystery behind the surge in ENA and Saga? Let’s follow Shuqin to find out.
Today's big whales are really gearing up and actively preparing for the upcoming Dogecoin Day.
Don’t disbelieve in this kind of holiday carnival, because these hot money just rushed out of a wave of April Fools’ Day benefits on April 1st!
Dogecoin surged 50% in those few days, and WIF doubled, setting a new record high. So everyone must be prepared for Dogecoin Day on April 20.
Last year, April Fools’ Day on April 1 and Dogecoin Day on April 20 also reached local highs, and Doge’s most rapid rise in the last bull market also occurred on April 20.
So it doesn’t matter if you missed the April Fool’s Day rally, April 20th, Dog Day, will be your second chance, and Shuqin has seen many big investors buying at the bottom. So what is the special meaning of April 20th?
This day is actually Musk’s favorite day. It is also an unofficial tobacco festival. Old investors all know that Musk smokes opium. They often make big moves on that day, so Doge’s celebration day is also set on that day, and Musk might even take orders on the spot.
In addition to Doge, you can also plan for other dogs such as Shitcoin, Floki and WIF, especially since they have had a lot of pullbacks recently, which can be said to be 30% off.
Now there are still two weeks until Dogecoin Day. Judging from the rise and fall pattern of WIF, it usually takes about two to three weeks to complete the wash-out, after which another round of increases will occur, so the timing is right.
Compared to Dogecoin, which has a market value of tens of billions, Shuqin still thinks that WIF, the leading local Dogecoin on the Solana chain, is more worthy of investment, because its market value is small, and its increase is often several times that of Dogecoin. In addition to following the rise of the altcoin sector, as I mentioned in the last issue, it also follows the rise of the Solana sector.
So as long as Sol rises, it will also rise, and the increase is usually more than 5 times that of Sol, so WIF is a dual-core drive. Shuqin is optimistic about it in the long term. Not only do I still hold the contract, I also added another 50,000 U in spot.
In addition, Wall Street is also busy planning Ethereum ETFs. The US Securities and Exchange Commission solicited public opinions on Grayscale, Fidelity and BitWise's Ethereum spot ETFs this week, and the results will be submitted in 21 days.
So the Ethereum ETF hype is only a few weeks away, and I estimate that it will start to warm up at the end of April. As for the final result, it is not important, as long as there is heat, it is enough, just like AI and Hong Kong Carnival, major related ecological project parties will definitely hype it up at that time.
Shuqin also planned to escape before the results came out, because when the day came, even if it was approved, the good news might be exhausted. If it was not approved, the stock would plummet, so she had to escape in advance no matter what.
EtherFi has also experienced a deep correction recently, so we can ambush again, because it is not just ETF speculation, as one of the few re-pledge sectors, it also has its own traffic. We have been planning since 3u and are still making floating profits.
By that time, EigenLayer will probably be about to issue its tokens, so there is a high probability that the war in the staking track will reignite.
In addition, Pendle is now also doing re-staking, and it should also perform well by then. After all, its market value is lower, only about 1 billion.
Shu Qin told everyone to escape the top when it reached its highest point of 5.7, and we also announced this in the square. After that, it adjusted back to 4.6u. Congratulations to those who bought the bottom again. It is taking off again.
However, in the short term, Pendle has risen so much again, so you can consider taking profits at highs. ETHFI has also risen a lot, but there is no need to get out of the car, because it has adjusted a lot before, and now it is considered a rebound, which is different from Pendle breaking through the previous high.
Recently, when Bitcoin fell to 64,000, Shuqin also asked everyone to buy the bottom of various coins to make a rebound, because whether it is the 1 billion USDT issuance or the data from the exchange contract market, we have seen the opportunity for a short-term rebound, and the K-line has also stabilized at the 65,000 support level. I wonder if everyone has taken advantage of this rebound to 69,000?
So no matter we are doing short-term operations or long-term planning, Shuqin is guiding you every day. We have all kinds of data, and those who are interested can come and take a look.
Okay, let’s continue.
Many friends asked me to talk about the recently popular stablecoin project ENA. The project owner of this coin has extensive connections. When it went online, Hayes, the boss of BitMex exchange, personally called the order, and the price doubled on the opening day.
As for the upper limit, there is actually a lot of room for it, because the market value of a very similar algorithmic stablecoin project Luna exceeded 40 billion US dollars at its peak in the last bull market, when Bitcoin was only 50,000, so this is why the market has such high expectations for ENA.
ENA is different from LUNA. ENA synthetic stablecoin is used for Ethereum pledge + contract fee arbitrage, not the Ponzi scheme of LUNA. At least there is no big problem in the bull market, but in the bear market, the arbitrage ability will be greatly reduced, and there will definitely be a callback. But then again, since it is a bear market, which coin will not fall?
Regardless of the ENA project, in my opinion, ENA is the bull market engine of Ethereum and an alternative spot ETF!
His financial management income mainly comes from hedging arbitrage, that is, buying spot Ethereum to pledge and earn coins, and then shorting the same amount of Ethereum in the contract to hedge against price fluctuations, while charging the long funding rate.
Therefore, the stablecoin USDE issued by ENA is essentially used to buy Ethereum, and its issuance volume has increased from the 1.5 billion we talked about on Monday to 2 billion in the past few days. This money is used to buy Ethereum spot for arbitrage, which is a very large buying order. Oh my God, this way of playing is too awesome.
In fact, every time Ethereum has a bull market, there will suddenly be a magical way of playing that no one has ever thought of, causing its coin price to soar. In 2017, it was an ICO coin, just like Solana now. Dogecoin uses Ethereum for settlement, and the demand has surged.
In 2021, it was the era of Defi and staking, and everyone was leveraging in a cycle, sending Ethereum to the sky.
In this bull market, Bitcoin first launched an ETF, and Ethereum launched a stablecoin investment. At the beginning, 2 billion funds have been invested. It is only a matter of time before tens of billions are invested. It is really amazing. As an Ethereum holder, I really thank ENA.
In addition, Binance has launched a new coin mining project Saga. This project should be similar to ALT, both of which are auxiliary chain issuance. ALT has a market value of 5.5 billion, so Saga may also have this valuation, which is about 4 to 6u. You can make a simple reference.
However, the new currency fluctuates greatly. If many people receive the airdrop, the selling pressure will be great. When ENA issues the currency, there is also a big boss Hayes who calls orders on the spot, so there is a lot of randomness.
But one thing is certain, mining is a good way to never lose money, so allocating some BNB is also a good choice. Shuqin also urgently bought 1,000 BNBs for mining, 500 for each account. It’s really great. In the future, my daily expenses will all depend on mining. I plan to mine for 10 years first!
Well, today's program ends here. Please follow us, and let's achieve financial freedom together in this bull market!
Bye~
