#预测市场 This wave of IPO hype really tests risk appetite. Projects like Upheaval, Yield Basis, and Limitless each have their own gameplay, but I have to say— the more pronounced the wealth effect, the more you need to stay calm and diversify.

Looking at Upheaval, an oversubscription of 870% is already a signal, and the price gap in the Bonding Curve has been flattened by later entrants, which means the difference in returns between grabbing the top share and entering later can be significant. Yield Basis is different; with the Curve founder backing and integration with Kraken, this kind of project with real-world application support is worth paying close attention to, but the valuation soaring from $50 million to potentially hundreds of millions also means bubble risk should be considered.

The prediction market track of Limitless is indeed hot, but the controversy over "刷交易量" (faking trading volume) still lingers, and whether this type of project can maintain its popularity remains uncertain. Goated's cash flow model is the most solid—already generating stable income, which gives me a reason to participate, and the initial market cap could far exceed the fundraising amount.

My strategy is this: allocate main positions to Yield Basis and Goated, as they have solid fundamentals; use Upheaval as a testing position, participate during the public sale but strictly control the amount; wait for the financing details of Limitless before making a decision. Big projects are easily driven by FOMO, but stop-loss is always more valuable than chasing highs.