AMA on X

🚗 #GateSquareCommunityChallenge# Round 1 — Who Will Be The First To The Moon? Brain challenge, guess and win rewards! 5 lucky users with the correct answers will share $50 GT! 💰 Join: 1️⃣ Follow Gate_Square 2️⃣ Like this post 3️⃣ Drop your answer in the comments 📅 Ends at 16:00, Sep 17 (UTC)

The European Securities and Markets Authority (ESMA) recently issued an important warning to investors regarding tokenized stocks. ESMA Executive Director Natasha Cazenave emphasized that these new types of digital assets may mislead retail investors, potentially harming investor interests and threatening market stability. Kazhenaf pointed out that there are significant flaws in tokenized stock products on the EU market. These products do not actually grant investors true shareholder rights, such as voting rights and the right to receive dividends. However, due to their lack of transparency, retail investors may mistakenly believe they hold company shares, when in fact they only own a digital token that mimics the price fluctuations of the stock. Tokenized stocks are typically issued through special purpose vehicles or financial intermediaries. Their value is linked to the underlying stock, but they do not represent actual ownership. Although these products promote convenience, such as allowing fractional investments and trading around the clock, the lack of ownership may pose specific misunderstanding risks for investors, potentially undermining market confidence. It is noteworthy that at the time when ESMA issued its warning, some trading platforms were actively promoting tokenized stock products in Europe and other regions. The World Federation of Exchanges also expressed similar concerns, calling on regulators to improve relevant regulations to protect investors from unexpected risks. Although supporters believe that tokenization can drive financial modernization by reducing costs and expanding asset acquisition channels, Kazanav pointed out that most current tokenization projects are small in scale, lack liquidity, and are far from achieving the efficiency improvements claimed by their advocates. With the continuous advancement of technology and the expansion of market scope, tokenization of stocks as an emerging field is expected to continue to receive close attention from regulatory agencies. European regulators are striving to find a balance between encouraging financial innovation and protecting investors' rights. This warning highlights regulators' concerns regarding the potential risks of emerging financial products, as well as their determination to maintain market integrity and protect investors' interests.

Recently, the XRP market has shown a positive trend, with prices fluctuating between 2.70 and 2.83, and an increase of about 3%. In terms of technical indicators, the MACD is close to forming a bullish crossover, indicating that bullish strength may further increase in the short term. It is worth noting that institutional investors' interest in XRP continues to heat up. According to statistics, in the past two weeks, large holders (commonly known as "whales") have cumulatively increased their holdings by 340 million XRP, demonstrating confidence in the asset. At the same time, XRP-related ETF applications are under review by regulatory agencies, which injects positive factors into market sentiment. From a trading strategy perspective, investors may consider laying out long positions in the support area of 2.70-2.74. The important resistance level above is located at 2.83, and a breakthrough at this position may open up further room for rise. However, investors should also pay attention to risk management, and it is recommended to set the stop-loss level below 2.69 to prevent unexpected market downturns. It is worth mentioning that the upcoming non-farm payroll data may impact the cryptocurrency market. Investors should closely monitor this important economic indicator and adjust their trading strategies accordingly.

Bitcoin has recently experienced some notable price fluctuations. After falling below the 110,000 yuan mark, the market began to attempt a rebound. Yesterday, the price briefly touched around 109,900 yuan, followed by some ups and downs, dipping to a low of about 107,000 yuan. This morning, the price again fell below the 110,000 yuan level, catching many investors off guard with this series of fluctuations. Currently, the market is closely watching the key support level of 108900 yuan. If the price can stabilize above this level tonight, we may see further upward momentum, with potential target levels including around 110900, 111500, and 112600 yuan. In this scenario, investors who previously shorted may face greater pressure. However, if the price falls below the support level of 108900 yuan and shows a downward trend on the hourly timeframe, we need to be cautious of a possible further dip. In this case, the next support levels to watch will be around 108300, 107500, and 106500 yuan. The current market environment is filled with uncertainty, and investors need to remain vigilant, closely monitoring price trends and key technical levels. Whether going long or short, a clear risk management strategy should be formulated to cope with potential drastic fluctuations. Whether the cryptocurrency market can break through the current fluctuation pattern in September remains an unresolved question. Investors should stay rational, avoid blindly chasing prices or cutting losses, and also be prepared for various possibilities. In this rapidly changing market, timely adjustments to strategies and maintaining flexibility will be the key to success.

There are often people in the market who make predictions based on technical indicators, especially in the field of encryption currencies. Recently, many have mentioned that the weekly chart of Bit has formed a death cross, believing that this indicates an imminent big dump. However, this oversimplified analysis may mislead investors who are not familiar with technical analysis. In fact, historical data indicates that a weekly death cross is not always a precursor to a big dump. There are multiple cases where, after a weekly death cross, the price of Bitcoin not only did not fall significantly but instead rebounded from the bottom, followed by a notable increase. This shows that a single technical indicator cannot accurately predict complex market trends. Another perspective suggests that the current Bitcoin has formed a death cross at a high level, implying that $120,000 could be the top for Bitcoin. However, this statement is also open to debate. Market development is dynamic, and new highs may continue to be created. If Bitcoin breaks through $120,000 in the future, how should the currently perceived "high" death cross be interpreted? For ordinary investors, it is important to recognize the complexity of the encryption currency market. A single technical indicator should not be the sole basis for investment decisions. Instead, multiple factors should be considered comprehensively, including fundamental analysis, macroeconomic environment, industry development trends, and so on. In addition, continuous learning and maintaining an open attitude are also important. The cryptocurrency market is volatile, and yesterday's experience may not apply to today's market. Rational analysis and cautious decision-making are the wise approaches to deal with market fluctuations. Overall, technical analysis is indeed important, but one should not rely on it too much. Comprehensive market insights and a prudent attitude are equally indispensable when making investment decisions.