Original Title: Points Trading & Pre-Launch markets - A Comprehensive Analysis
Original Author: THOR, HYPHIN
Original Translation: Luffy, Foresight News
Speculation is the lifeblood of the cryptocurrency market, and savvy opportunists often find new ways to bet on assets. In most cases, people invest in existing things because there is some data that can help people make wise decisions. However, recent market trends indicate an increase in airdrop distribution and trading volume of unreleased assets.
The surge in pre-market trading interest is largely attributed to numerous airdrop activities and highly anticipated projects that hope to push their tokens onto the public market using the booming market and positive sentiment. With all the necessary catalysts in place for the new narrative, protocols such as Aevo, Hyperliquid, and Whales Market have seized the opportunity. These platforms offer perpetual futures for tokens that have not yet been issued. Please note that these tools are highly volatile and should be used with caution, as their liquidity is questionable and determining the fair value of their underlying assets is extremely difficult. Given the highly speculative and risky nature of the financial products mentioned earlier, what value and opportunities do they offer to traders? We will attempt to find the answer by analyzing market data in this article. With the help of exchange APIs and historical data, we can observe the price performance of all assets that have ever traded in pre-market and understand their performance after official listing. The common pattern for most of these assets is that the trading volume is relatively low after listing, and volatility and trading volume reach their peak as the release date approaches, and then activity begins to decrease. Objectively speaking, the initial listing price of each asset in the table is not its price peak. Airdropped tokens have performed exceptionally well in the past 6 months, although it is widely believed that once airdropped tokens become tradable, they will have a huge impact on prices. As far as trading volume is concerned, it is obvious that assets that are sought after, not just assets that are circulating on Twitter because of their incentive measures, have received more attention than other tokens that are about to be launched, most of which have a daily trading volume of less than $100,000. As far as Jupiter is concerned, after being hyped during the expansion period of Solana, they emerged as the winner by absorbing a large amount of liquidity. Reviewing historical data, let's take a look at current opportunities. As of today, there are a large number of unreleased tokens available for trading on Aevo and Hyperliquid. Other than the recently listed Parcel and Portal, there haven't been many active trades. Based on price performance, most tokens have performed well, with a few tokens increasing several times in value over the course of a few months. Although speculation makes it possible for FDV to change by billions of dollars at any time, the TVL indicator shows a clear interest in the Blast ecosystem (likely due to the expectation of airdrops). From the pricing perspective of L2, Blast seems to be undervalued on paper, but more information needs to be considered when trying to draw a clear conclusion. Unfortunately, there is little information about its on-chain status other than TVL, which makes the evaluation process difficult. 欢迎加入律动 BlockBeats 官方社群: Telegram 订阅群:https://t.me/theblockbeats Telegram 交流群:https://t.me/BlockBeats_App Twitter 官方账号:https://twitter.com/BlockBeatsAsia
I am a professional in the encryption industry. Please translate the following Chinese text into English without considering the context or industry-specific terms and names. Do not omit any English words or phrases, including capitalized ones such as ZKS, STARK, and SCROLL. If there are English characters in an tag, do not translate them and return the tag as is. If the content consists only of punctuation marks, return them as is. Do not translate HTML tags such as , , , and
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The text to be translated is:
Introduction
Aevo, Whales Market, and Hyperliquid's pre-market trading volume
Aevo's Pre-launch Market
Historical Performance
Comparison of asset prices before and after the launch of some protocols
However, this does not mean that people should immediately buy assets after they are listed on pre-market. Price fluctuations may lead to liquidation of positions, and due to unknown listing standards, returns cannot be guaranteed.JUP trading volume as a percentage of different pre-market sessions
Current pre-launch market
Currently active pre-issuance assets on Aevo and Hyperliquid
Let's select some interesting items from the list and see if we can determine whether their valuations are comparable to similar protocols.Wormhole(W)
The FDV of Wormhole is calculated by multiplying the W/USD token price of Hyperliquid by the total token supply (10 billion).
Compared with alternative solutions in the market, the theoretical valuation of Wormhole may be overestimated at present. Unless there is a breakthrough progress announced, the token price may decrease after the token generation event, as the trading volume reflects low investor interest.BLAST
Blast's FDV is calculated by multiplying the Aevo BLAST-USD token price by the total supply of 10 billion.
积分交易
translates to Points Trading
in English.Whales Market Points Trading