Bull Market Research Records-pepe
The first coin is pepe
Pepe is a meme coin. Meme coins have no practical use. Their recognition mainly relies on avatars or celebrity promotion.
In the future, there may be some meme coins of big IPs, such as SpongeBob SquarePants. Global IPs will be better.
As a pure speculation object, this kind of coin needs to be exited in time after the quarrel, otherwise the retracement will be huge.
It is very difficult to hype this kind of coin, especially since there are so many meme coins. It is very difficult to choose and trade them after choosing.
The cryptocurrency world is a place that places great emphasis on communication. For many coins, only by activating the fomo effect can a large number of people enter, and then this wave of market trends ends with a landmark event.
It can be seen that this coin started in April, and then more people bought it, and it rose hundreds of times in a short period of time. This also boosted the market of the entire meme coin. It takes a lot of courage to participate in this market in the short term. The best way is to be like the legendary 40u God of War, buy it and then double the principal, and finally have as much as you have left.
After Pepe entered the cryptocurrency circle, he learned how to spread the knowledge to the extreme. After a meme coin was listed on several larger exchanges, all the leeks could see the coin and trade it. Only then could those who had hoarded a large number of chips sell them calmly.
Pepe reached his peak in the first hour after the upper circle, and then completed the exchange of chips.
Another trading opportunity is in the late bull market.
Meme coins are very similar to junk stocks. They will have very high valuations during IPOs, and will rise sharply when chips are concentrated. After the chips are distributed, there will be a long consolidation period, and finally a second round of market conditions will occur in the late bull market or when liquidity is particularly abundant.
We review the market of Dogecoin and perhaps get some inspiration.
Dogecoin was launched in January 2021. Before that, the price of the currency was very sluggish and the trading volume was scarce. During the same period, Bitcoin had already seen a certain increase.
Moreover, in the later stage of the bull market, the power of Dogecoin is the greatest.
However, the difficulty of using coins like Shib is still very high, and you need to be careful when participating. In the late bull market, liquidity, fomo sentiment, and communication are the triple blessing, which is most suitable for meme coins. It is best to participate at this time.
Since Dogecoin and other coins have been greatly manipulated by Musk, the next round of meme coins are more likely to be shib and pepe, which have already had advanced money-making effects, or new memes.
I looked at some coins last week, and I still can't imagine what the market will be for some of them, such as BTTC and LUNC.
Let’s talk about BTTC first. This coin is a tool used by Brother Sun to harvest, and its purpose is very simple. I don’t know why people currently hold BTTC. Maybe one day Brother Sun will use it for other things. After all, it is just for seeding. It was priced at 0.08 US dollars when it was listed, and I don’t even want to calculate the price now.
Another lunc, this one was originally luna, the big sponsor of Doll Sister. After changing his name, he came out to cheat people. Give up.
Another one is FLOKI. This coin is a meme like Pepe. This coin is not so bad, and the increase is also small. It has a certain popularity on Binance, although the IP is quite far from Pepe. It is my alternative target.
The last one is leverage, which is an over-the-counter currency that specializes in leverage. I understand that the convenience of this leverage is higher than that provided by various trading platforms. At the same time, the essence of this currency depends on circulation. When will it circulate? Of course, it will be in the bull market.
It can be seen as a leveraged platform coin. It can be seen that the current trend is somewhat overlapping with BNB, but the volatility is larger. It will start earlier than the meme coin, and it will explode in the middle and peak at the same time as Bitcoin. If the project party is reliable, I think this can be participated in as a flexible variety.
Recent thoughts in the cryptocurrency world:
1. The new Ethereum protocol that emerged in this cycle will slowly explode in the next cycle. The ERC721 hype that emerged in the 2017 bull market really exploded in 2021, and ERC20 exploded in 2020. The next cycle will start with the Ethereum protocol.
2. In this cycle, the Ethereum ecosystem will rise first, and ALT-L1 will explode in 6-12 months. In the next cycle, ALT-L1 will have a market three months after the Ethereum explosion. Because the public chain in the previous cycle was not usable, this cycle has cultivated user habits. No matter what chain you are, you will quickly understand it if there is a wealth effect. Anyway, it is the same thing.
3. The public chain team that is ready now should quickly integrate resources and copy a set after Ethereum releases new things in the next cycle, so that everyone will be happy when they make money.
4. If I have to choose between BTC and ETH now, I will choose ETH. Ethereum is like a big Curve, and various L2s are the projects above. Regardless of whether these projects can take off, they will burn themselves and have their value captured by Ethereum.
5. In addition to Ethereum, I am also optimistic about Dogecoin. In fact, the transaction volume of meme coins has been very high this year, especially the top memes with liquidity. Compared with other sectors, Sale and CX are still good. I have a dream, and I hope Musk will not be ungrateful.
6. Full-chain games or Onchain Games, it seems that they are only made for a small circle of hardcore players. For 90% of users, they just want to speculate and leave. The fun and threshold are related. If the audience is too small, it will be difficult to sell. Users do not care about technical superiority, but how fast, good and economical.
7. The real long-term GameFi is called airdrop hunting. How long has this game been played? Now it is basically dead. This game has a lifespan of three years. Here is the microphone for airdrop hunters: Do you know how you survived these three years?
8. My interest is still in DeFi. I feel it is more practical to work on DeFi projects. In the next cycle, DeFi will evolve into middleware. Moreover, the life cycle of DeFi is very long. Other projects such as NFT and GameFi can only exist for a short time, appearing and disappearing quickly. If the project exists long enough, the market will give corresponding rewards.
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