Don't panic anymore. Now is the best time to build a position in value coins. The approval of Ethereum ETF may have different degrees of impact on Inscription and MeMe coins. RWA and Defi may take over the performance of Air and AI in the last round of market!
In July to September last year, Inscription and Meme were the focus of the market. At that time, ORDI fell from $17 on OkX to $2.8. PePe also had a lot of negative news, falling from a market value of nearly $900 million to $200 million, and the rise in the following months was nearly 30 times. The market sentiment at that time was the same as it is now, extremely negative, but some market makers such as DWF pulled the market to absorb funds during the downturn (this has been jointly named by exchanges and other market makers to prohibit operations during the market downturn)
Ethereum is also a cottage coin, but it is a valuable cottage coin ecosystem. In the past, there were a large number of Defi projects on Ethereum to maintain its coin price and provide liquidity to the entire crypto market. This is something Bitcoin cannot do. Compared with the vitality that Ethereum brings to cryptocurrencies, Bitcoin is currently just a simple technical storage tool with a high consensus on scarcity.
At this time, it is easy to be criticized for standing up for value coins and VC coins, but capital is profit-seeking, especially the capital in the currency circle is more consistent in pursuing profits, and will not give up the opportunity to hype Ethereum ETF, just like I was criticized for being bullish on ORDI and PePe very early. Once Ethereum passes, it will form a legal protection for the market for altcoins and a sample of its ecology. Cryptocurrency has always had legal problems and unlocking inflation problems, not just in the past few months.
Go and buy some new value coins with a small market value boldly, and hold the value coins of the new ecology of about 20 million to 200 million US dollars with confidence. When the next round of floods comes, they will definitely be overflowing.
Rwa has been just a warm-up in the past few months, which is also what I have been saying. When ONDO is listed on a large exchange, it may open a FOMO high point in the next round of market. This has always been my view.
