I have been following the BTX on-chain project recently, honestly I am quite optimistic about it. The price is still hovering at the bottom, but the number of holding addresses remains stable at over 3,000—this data indicates that the community foundation is still there.
Comparing it to similar projects makes it even more interesting. Take a leading project in the same track as an example; its market cap is actually three hundred times that of BTX. Even considering differences in development stages, this valuation gap is just too outrageous.
Sometimes the market is like this; when value is seriously overlooked, opportunities often lie hidden. Once capital notices this undervalued area, a rebound could come quite suddenly. Personally, I think at this position, deploying some small funds early on is not a loss—what if it really takes off?
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RetailTherapist
· 18h ago
What can 3000 addresses say? It depends on their actual activity level.
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MetaNomad
· 12-12 06:25
A project supported by 3000 addresses, feels a bit shaky.
Honestly, being crushed by top projects by three hundred times, the gap is really despairing...
Bottom-range positioning is indeed tempting, but what if it crashes and never recovers?
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GasFeeAssassin
· 12-11 17:46
The 3000 address count... Honestly, it's a bit suspicious. Why would we continue to believe this data won't decrease further?
Market cap is 300 times lower? I don't think the top projects are that weak. Maybe BTX just hasn't explained its story clearly.
Bottom positioning is a gambler's mentality. I advise you to be cautious.
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BitcoinDaddy
· 12-11 17:40
3000 addresses are indeed stable, but I want to see on-chain activity more.
A 300-fold market cap increase depends on whether the team is reliable. Sometimes undervalued projects are just value traps.
Small-scale trial and error is fine, but don't go all in.
I've heard the "bottom" phrase too many times already, haha.
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BridgeNomad
· 12-11 17:37
ngl, 3k holders doesn't really mean much if there's no actual liquidity on-chain... seen this movie before. trust assumptions go sideways real quick when there's no depth to exit into. what's the tvl situation actually looking like tho?
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AirdropHunter9000
· 12-11 17:31
A 300-fold difference—how irrational is that? But on the other hand, setting up such a bottom position is indeed exciting.
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DecentralizedElder
· 12-11 17:22
What does 3,000 addresses indicate? To put it simply, nobody wants them.
I have been following the BTX on-chain project recently, honestly I am quite optimistic about it. The price is still hovering at the bottom, but the number of holding addresses remains stable at over 3,000—this data indicates that the community foundation is still there.
Comparing it to similar projects makes it even more interesting. Take a leading project in the same track as an example; its market cap is actually three hundred times that of BTX. Even considering differences in development stages, this valuation gap is just too outrageous.
Sometimes the market is like this; when value is seriously overlooked, opportunities often lie hidden. Once capital notices this undervalued area, a rebound could come quite suddenly. Personally, I think at this position, deploying some small funds early on is not a loss—what if it really takes off?