OpenEden price

One important thing during the big cleanup on October 11 is to observe altcoins. The main focus is on new and recently launched coins. I categorize new and recently launched coins into three types: The first type is those that go directly to spot trading. The second type is those that first go to alpha, where the value discovery in the alpha phase drives the price up to spot trading. The third type is old VC coins, which first go to alpha, showing almost no price fluctuation, and then go to spot trading the next day or a few days later. Among these types, we can compare horizontally across different categories and vertically within the same category of different coins. For the first type, my summary is: the quality is mixed, so focus on the best performers, such as $ff, $bard, which rebounded sharply, while $zkc and $eden performed rather poorly. For the second type, my summary is: there are operators controlling the market, with a bottom support, and the chips are widely distributed, showing a certain consensus, such as $avnt and $hemi, which also have market activity in the secondary market and are key focuses. For the third type, my summary is: this is actually more ambitious, as old altcoins are injected with new attention, like the long-ago $plume, and the recent $wal and $eul. $eul, which just launched, is not worth mentioning for now, but $wal performed quite well. Oh, and there's $morpho; I just saw it and had no impression at all. After checking the records, I realized it was launched on the third day of the National Day holiday, focusing on decentralized lending optimization. I should have been focused on something else at that time, so my impression isn't very deep 😂. However, looking at the K-line, it's clear that the best performers are actually $morpho, which is close to ATH on its rebound, so this is also a key focus. In simple terms, if there is market activity in the secondary altcoins later, my attention will first be on the strongest batch among the different types of new and recently launched coins. Of course, if there are other strong performers later, I will focus on them as well.

What do you say? Is it a big sell-off day?

Institutional capital is tokenizing real assets, RWA rotation underway $EDEN $0.0308, $ONDO $0.818, $MPL $0.291, AUMs rising and tokenized funds live, expect yield desks and listings to rerate RWA names as TradFi allocates to crypto in 2025