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This wave is directly taking off! It has increased by 105% at its peak. I directly went all-in on the newly listed JCT, using 15x leverage, and I’ve already realized a floating profit of $3,300 on the books! Can I still chase now? I think the opportunity is still there.
This thing is a dual concept of AI + Layer2, with a total issuance of 50 billion tokens. Only 22.99% are initially in circulation, which means 11.49 billion tokens are available on the market. The opening price was $0.0044, making the market cap only $50 million. Fully diluted valuation is $220 million. I think this opening price is still reasonable. Although airdrops and community incentives account for 8.7%, the community is all fired up and defending their rights, which probably means they’ve been reverse-reaped. What does this indicate? The project’s chips are basically all in the hands of the team, and only about 1% of the volume from a major platform is in circulation!
And the packaging is indeed well done—backed by the University of Tokyo and Sony. In my view, this is severely undervalued, and breaking another zero in price is no pressure at all! I will continue to watch for opportunities in altcoins, and those interested should manage their own pace!