2026-01-12 19:33:27

I want to record a few recent transactions.

The logic is actually quite clear—after looking at several projects in the same sector, most have a market cap of around two billion. Comparing them, I feel this project's valuation is indeed a bit overestimated. So yesterday, I decisively chose a short strategy.

Today, I saw a leading exchange launching $FOGO as a pre-TGE project. The next focus is on monitoring its public fundraising price range—if the final pricing turns out to be relatively low, I still plan to participate using the same approach. Mainly, it depends on whether the valuation logic is solid enough.

#DYOR

FOGO-11,9%

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BetterLuckyThanSmart

· 01-15 00:47

This valuation is indeed a bit outrageous. You can see it by comparing it to similar projects in the same industry. Wait until FOGO's pricing is announced; if it's low, then get in. Valuation logic is the key; everything else is irrelevant. Shorting this wave is still safe; act once the logic is clear. Pre-TGE projects are most afraid of inflated pricing; observation is needed. Starting with a 200 million valuation, how does this project dare to sell at this price? It feels like everyone is just hyping the valuation now; no one is looking at the fundamentals. Once the pricing is out, compare immediately; if it’s below expectations, act. This approach is correct; just keep repeating it.

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SignatureLiquidator

· 01-13 19:46

Valuation logic is the key, otherwise it's just gambling.

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DegenWhisperer

· 01-13 11:26

Valuation really needs to be examined carefully; you can't just follow the trend. A couple of days ago, I was also thinking about this round of FOGO, and I feel that the pricing should be based on the issuer's true intentions. Hopefully, it's not another round of cutting the leeks.

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CafeMinor

· 01-12 20:03

Valuation benchmarking really requires thorough understanding; with a 200 million market cap sitting right there, why does this project have such a high premium... The short-selling strategy isn't flawed. Wait, if $FOGO 's pricing really drops, there could indeed be an opportunity this time—just depends on how the public offerings are priced.

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NFT_Therapy

· 01-12 20:03

Brother Xing, this round's valuation comparison is quite aggressive. The logic of comparing a 200 million valuation is indeed tough. If $FOGO's pricing is too soft, I also want to join in—it's all about how the exchange prices it. The short-selling strategy still bets on fundamentals. As long as the valuation theory holds up, there's nothing to be afraid of.

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VibesOverCharts

· 01-12 20:03

Wow, I like the valuation benchmarking approach, but are two billion market caps really overestimated? There are plenty of projects like this in the market. I'm also keeping an eye on the $FOGO pricing, just worried it might turn into another trap to cut the leeks. Actually, what I fear most is when the valuation logic seems solid, but once launched, it breaks the peg. If the pricing is low, it's definitely worth grabbing, but what about the trading volume in the early stages? Why is everyone thinking about shorting? Is it really harder to make money now than trading new coins?

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PessimisticLayer

· 01-12 20:01

Is the valuation correct? You can tell at a glance. The real question is whether you're willing to go all in.

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LiquidityWhisperer

· 01-12 19:57

The bearish outlook is still clear, but be careful with the two-billion market cap comparison, there might be pitfalls. Let's wait until FOGO's pricing is announced. There are indeed many opportunities for low-cost entry, but don't fall for tricks. A solid valuation is the key, I agree with that.

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MagicBean

· 01-12 19:41

Overestimating valuation and going short directly—that's the right approach. I'm just worried that FOGO's pricing might play tricks again later, and we'll have to recalculate everything.

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