Sharing an idea for a project I am ambushing, which is relatively stable and has a guaranteed lower limit.
First, let's look at a set of data: In March 2024, media outlets conducted a price review of 15 tokens that underwent brand reshaping within the past year, finding an average maximum increase of nearly 200%. Typical cases include Bounce Brand, Gravity, and others.
"Just a name change," why is there such a strong rally effect? I believe there are several reasons:
① Hotspot effect, as funds always chase new narratives and hotspots.
② Old projects have undergone sufficient wash trading, and most of the tokens have been unlocked, eliminating sell-off pressure.
③ Self-fulfilling narrative, the previous surges of several renamed tokens have set expectations in the market.
④ Narrative upgrade, projects leverage resource and capital reorganization to reposition and update their brand.
Therefore, when Mines of Dalarnia announced its brand reshaping to DAR Open Network, and the token $DAR migrated to $D, I decided to ambush a bit. From the results, the decision was wise, as $DAR increased by 52% within the week.
The following will discuss the events and my expectations for DAR Open Network.
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