Crypto Market Outlook for August: Layer 2 and Hot Project Catalysts

A lot will happen in August, but for the sake of brevity, I will only talk about the events and analysis and corresponding opportunities that are rated as S in my heart.

This content will mention:

-Basechain

-SHIB Layer2

-GNS

-Frax v3、RWA、frxETH v2

-SEI&CYBER、LTC、GMX、EVMOS、SSV、SPARTA、LOOT、APE

Basechain

The launch of Basechain was unexpected. However, due to the conclusion I drew in the previous Pauly incident—the risk of the earth dog is getting bigger and bigger, I did not actively participate in the earth dog on Basechain, and I once envied the earth dog players who got rich. But in the end I wasn’t involved.

My expectation for Basechain is still $OP $VELO, and I also bought some and did a few swings. I made a very detailed preview when conducting related transactions before, and after the $VELO transaction is over, I will do a detailed review.

Another thing worth paying attention to is whether there are any opportunities for the early Basechain ecology, but so far there has not been a good enough agreement, let’s take a look.

SHIB

Shib’s opportunities are focused on the launch of Layer 2 (the summit will be announced soon, and the developers have also mentioned that it will be launched in the near future). It must be too late to react now, because $BONE has risen a lot, but $LEASH still seems to have potential space, and its price is now about the same as my buying price at that time. Currently SHIB Layer2 has nothing to dig deep. With the current Layer2 War up to now, Shib Layer2 does not have an obvious competitiveness. It is often time to retreat before the good news hits the ground.

GNS

I am paying close attention to the upgrade of $GNS’s native Token empowerment. In the past, the GNS team will receive 16% of the protocol income, but now in order to promote the growth of $GNS, $GNS will mint an additional 1 million pieces (supply +3.3%) and give it to the team. The team can only pledge $ within one year GNS (team previously owned 1.27M $GNS). And in order to adjust and compensate the income of GNS NFT BOT, the team will also issue an additional 3.36M $GNS (supply +11%) to motivate them (6-month linear vesting, immediate redemption discount of 25%). Rewards for $GNS stakers will also be adjusted from 33% to 61%. This will happen in September. In the future, I will continue to track this matter and analyze it from the perspective of data (there will be new articles).

Frax Finance

The founder of Frax said before that Frax v3 will be launched within 30 days, which means that the product will be launched in August. But I think v3 may not be able to solve the current income problem of Frax. Specifically, it depends on the performance of the v3 product after it is launched. If the data performance is average, $FXS may still be a good way to land. In the future, Frax will also implement frxETH v2 and Fraxchain products, but the most important thing is to see whether the market will pay for it. Following the trend and grasping the narrative is what the Frax team is best at doing. The RWA strategy that Frax will announce next is also the focus of my attention.

BN Launchpool——SEI&CYBER

LTC - The halving event will take place on August 4th.

GMX - v2 will likely be available in August.

EVMOS——2.0 will be launched on August 2, and Tokenomics will be changed, and the details need to wait for further details from the official.

SSV - The mainnet launch time may be announced today.

SpartaDEX - $SPARTA will be launched on August 3rd, friends who have seen my alpha call before should know. I bought NFT in order to win the airdrop, and NFT also has a profit (50%-100%), and selling it in advance is also a good deal. However, I choose to gamble on the airdrop, which may earn more.

Lootbot - TG BOT, a full-time airdropper, will launch Paid version and $LOOT income dividend and other functions soon.

10KTF - There is a possibility that a new collection of NFTs will be released in August, I will keep an eye on this. I guess the reason why the NFT was not released as expected may be related to Azuki’s new collection. The release of NFT may consume some $APE, combined with Yuga’s latest action, I will put $APE in the watchlist.