Scan to Download Gate App
qrCode
More Download Options
Don't remind me again today

JackYi: ETH may face a short squeeze market after November, WLFI has recently pumped 50% due to buyback and other factors.

robot
Abstract generation in progress

According to Foresight News, Liquid Capital founder JackYi tweeted that “WLFI has risen 50% against the trend in the past few days. First, there is optimism about the stablecoin USD1 sector and prospects; second, the WLFI team is continuously investing in buybacks; third, the overall market and US stocks are also rebounding. From investment research data, ETH is facing large-scale shorting from multiple platforms and institutions. It is believed that after enduring the toughest November, it may welcome a short squeeze. Compared to ETH four years ago, the stablecoin / ETF / DAT / policy environment is completely different, and under this favourable information, ETH's price is severely undervalued.”

ETH0.81%
WLFI-0.12%
USD1-0.01%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)