I think there are some issues with the NIGHT project. A market capitalization of 1.4 billion USD seems a bit mismatched. Looking at the market data structure, the risks are indeed not small. Many people are taking short positions on NIGHTUSDT, betting on its adjustment. To be frank, projects like this often get hyped too high in the early stages, and tend to lack momentum afterwards. I haven't seen any substantial progress in the fundamentals either. Personally, I am quite bearish on this direction and feel that this price level may not be sustainable.
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MissedAirdropAgain
· 3h ago
A market capitalization of 1.4 billion, to put it bluntly, is just the trap of scamcoins.
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TheGreatestWayIsTheSimplestBs
· 3h ago
coai peaked at around four to five billion. I don't think it will fall that quickly.
I think there are some issues with the NIGHT project. A market capitalization of 1.4 billion USD seems a bit mismatched. Looking at the market data structure, the risks are indeed not small. Many people are taking short positions on NIGHTUSDT, betting on its adjustment. To be frank, projects like this often get hyped too high in the early stages, and tend to lack momentum afterwards. I haven't seen any substantial progress in the fundamentals either. Personally, I am quite bearish on this direction and feel that this price level may not be sustainable.