I took a look at CT, and many people regard Megaeth as a 100% guaranteed investment opportunity. Here, I would like to remind everyone about the risks.
The biggest issue with the project is that the tokens will be issued in January next year, which is stated in the white paper. Of course, it is possible that the TGE could happen earlier if the market is good. However, if the tokens are truly issued in January next year and the market is average at that time, it would mean that you are investing in an L2 at a valuation of 1B during a bear market. This price can't be considered expensive, but it definitely isn't cheap either.
Moreover, there are currently no good hedging strategies in the market, the capital capacity on Polymarket is insufficient, and you can refer to how much the previous XPL hedging position was liquidated on Hype.
Of course I will still bet, but I will only fill up the accounts that have passed KYC. Those who go all in should weigh the risks.
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I took a look at CT, and many people regard Megaeth as a 100% guaranteed investment opportunity. Here, I would like to remind everyone about the risks.
The biggest issue with the project is that the tokens will be issued in January next year, which is stated in the white paper. Of course, it is possible that the TGE could happen earlier if the market is good. However, if the tokens are truly issued in January next year and the market is average at that time, it would mean that you are investing in an L2 at a valuation of 1B during a bear market. This price can't be considered expensive, but it definitely isn't cheap either.
Moreover, there are currently no good hedging strategies in the market, the capital capacity on Polymarket is insufficient, and you can refer to how much the previous XPL hedging position was liquidated on Hype.
Of course I will still bet, but I will only fill up the accounts that have passed KYC. Those who go all in should weigh the risks.