#牛市进展
What kind of bull market is it now?
In this situation, people will laugh if you say it is a bull market. The rule of a four-year cycle? It has long been ineffective.
Let’s talk about altcoins first. They keep falling. Even if Bitcoin rises to 100,000 one day, they will just follow the trend and rise for a while, and then continue to fall. Why? Because these projects have been focusing on shipments from the beginning. Starting a business, issuing coins, and going public are all for cashing out.
Let’s talk about Meme coins. Now it’s completely a competition for the king of rolls. It’s about who runs faster, has stronger tools, and plays better on the chain. But to put it bluntly, this is a gambling game, and the original evaluation system has long been useless. Overseas big Vs shouting orders to harvest is also a simple routine, and it will collapse sooner or later. I don’t touch these Memes anymore, but if you have spare money and time, you can play a little bit, don’t take it seriously.
Speaking of value investment in Meme coins? Don’t be funny, Meme relies on following the trend, and everyone has to have money in their hands to follow. Most people in the market don’t have much capital now. Once they wake up, the market makers can’t pull the market up. In the future, just wait and see those strong memes repeatedly wash the market and fail to pull it up, the whales cut their losses and leave, and the retail investors slowly withdraw.
And the public chain is now a ghost town. There are a lot of infrastructure projects, but they are all prepared for the bull market. There is little new capital, many projects, and few users. There are a lot of problems. Those public chains tell stories to the sky, but in fact they are just talking about business. How much financing, how much valuation, how much listing, but what about users? What about value? What about the future? What benefits can holders get? Once you ask these questions, you will know.
The competition between ETH and SOL is also hard to describe. ETH says decentralization is the future, but the reality is that there are no users and no new stories. SOL says how awesome it is, but the chain is full of memes, and it is not really awesome. It is fun to make money by calling orders, but 93% of the transactions on the chain are fake. Once the leeks enter the market, all the problems will arise.
Finally, let’s talk about funds. The total amount of stablecoins has not changed. The market value of Bitcoin and altcoins is about the same as the high point two years ago, but the total market value of altcoins has been reduced by half. All the funds have gone to Bitcoin, and no one has followed the trend of altcoins. This market is difficult!
Intraday observation: BTC, ETH, TRB, BNB, BOME...
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