The recent local dog market is really lively, attracting many newcomers to enter the market. From the neiro incident to Mars City, waves of stories of getting rich quickly have exposed many newcomers to the risk of being cut off.
Here are a few tips on how to correctly participate in local dogs:
Don't believe in narratives: All stories and cultures are designed to attract buyers. The key is to judge how many people will take over later, rather than being confused by narratives.
Observe the market value: If a MEME project has a market value of only 500,000, and you find that a well-known KOL is promoting it, it may quickly rise to 10 million. At this time, you can consider buying it. If the market value is already 5 million, look at the enthusiasm of the participants and the potential of the narrative. If there are hot discussions at home and abroad, there is also a chance that the market value will reach 100 million.
Emotions are the core driving force of the market. The neiro incident directly stimulated market sentiment and promoted the popularity of projects such as Mars City. But how long this sentiment can last is still unknown.
In short, judging the final market value of emotions and whether the participating KOLs can maintain their enthusiasm is the key to profitability. Although some people claim to earn 100 times the profit, my personal experience is only 2-3 times. When investing in local dogs, you should be rational and not blindly follow the trend. This market is essentially a joint game between the banker and KOL, and everyone should face it soberly.