Regarding the future trend of $NIGHT, my judgment is as follows. From the previous short positions being pushed to the 0.12 level, retail investors have basically been wiped out. Moreover, the scale of the issued chips is there, and the market makers won't give you free price manipulation.

In the short term, I expect it to continue declining to around 0.6. During this process, don't think that a rebound will allow you to enter; the pattern has already been formed, so there's no need to keep fighting. If you can take action, do so; at this price, combined with the current market cap, it is already overvalued.

In the long run, it is definitely headed upward, but no one can say how long this long-term will take. There might be a chance for a rally when the spot market goes live, but that's a story for later.