Rave once again brings attention back to fundamental analysis,
maybe coins that cannot be held for long are also not suitable for short play.
Rave can be compared to another meme coin MYX, both are capable of driving the market.
Both projects have launched on Binance Alpha, and Rave has even been listed on Coinbase.
┈➤ Products
First, in terms of product positioning, RaveDAO claims to be a global community that integrates music, technology, and philanthropy.
MYX is a Prep DEX and liquidity infrastructure.
In contrast, MYX's products are relatively easy to understand, while Rave is somewhat abstract.
MYX's products are usable and also have an ecosystem. Rave can connect to the Web3 ticketing platform RLVR, which has some ecosystems.
┈➤ Technology
MYX has a codebase with low update frequency, while RaveDao did not find an open-source codebase, only a white paper. (Wanted to take a screenshot, but there was really nothing to capture.)
┈➤ Audit
MYX has been audited 7 times by Peckshield and SlowMist, auditing the protocol's code.
Rave only has one audit report from PeckShield, and the audit object is the RAVE token. As for the specific audit structure, it may not be too important.
┈➤ Financing
MYX includes seed and strategic round financing, with investment institutions including Hongbin Capital, OKEx, Consenss, and many others.
Bee Brother couldn't find Rave's financing information on various platforms or through Google search.
┈➤ Final Notes
In contrast, Rave's narrative is somewhat abstract, and the product is basically a vacuum, raising doubts about the motivation behind the Rave project.
MYX, although the operation is somewhat similar, still has long-term development motivations and actions.
MYX has several institutional financings, and MYX, when operating, must consider the reputation and goodwill of these institutions.
However, Rave does not have this concern.
So we can see that RAVE and MYX are somewhat similar when rising. But they are completely different when falling.
MYX gradually declines, with second and third phases. RAVE has dropped completely, and it is still uncertain whether there will be a second phase.
Thus, this has always been Bee Brother's logic: if a coin cannot be held for long, it cannot be played short either.
maybe coins that cannot be held for long are also not suitable for short play.
Rave can be compared to another meme coin MYX, both are capable of driving the market.
Both projects have launched on Binance Alpha, and Rave has even been listed on Coinbase.
┈➤ Products
First, in terms of product positioning, RaveDAO claims to be a global community that integrates music, technology, and philanthropy.
MYX is a Prep DEX and liquidity infrastructure.
In contrast, MYX's products are relatively easy to understand, while Rave is somewhat abstract.
MYX's products are usable and also have an ecosystem. Rave can connect to the Web3 ticketing platform RLVR, which has some ecosystems.
┈➤ Technology
MYX has a codebase with low update frequency, while RaveDao did not find an open-source codebase, only a white paper. (Wanted to take a screenshot, but there was really nothing to capture.)
┈➤ Audit
MYX has been audited 7 times by Peckshield and SlowMist, auditing the protocol's code.
Rave only has one audit report from PeckShield, and the audit object is the RAVE token. As for the specific audit structure, it may not be too important.
┈➤ Financing
MYX includes seed and strategic round financing, with investment institutions including Hongbin Capital, OKEx, Consenss, and many others.
Bee Brother couldn't find Rave's financing information on various platforms or through Google search.
┈➤ Final Notes
In contrast, Rave's narrative is somewhat abstract, and the product is basically a vacuum, raising doubts about the motivation behind the Rave project.
MYX, although the operation is somewhat similar, still has long-term development motivations and actions.
MYX has several institutional financings, and MYX, when operating, must consider the reputation and goodwill of these institutions.
However, Rave does not have this concern.
So we can see that RAVE and MYX are somewhat similar when rising. But they are completely different when falling.
MYX gradually declines, with second and third phases. RAVE has dropped completely, and it is still uncertain whether there will be a second phase.
Thus, this has always been Bee Brother's logic: if a coin cannot be held for long, it cannot be played short either.