A few words about A-shares. As a market that has been "criticized" by the people of the country for many years, under the strong promotion at the national level, the remarks of some people who are pessimistic about it after only "rising for a few days" are really untenable.

A-shares are a national tool. Just a few days after a national tool is launched in multiple resonances, you assert that it is over? This is obviously unreasonable. Just like trading, you have to enter the market first to know whether this wave of market is at the hourly level, daily level, weekly level or even monthly level. Don't wait until the bull market has run for more than half, and you haven't even opened an order, just researching there. Are you here to make money or do scientific research?

Although the crypto market has now gone through more than half a year of baptism, everyone has been exhausted. The narrative in the circle also seems to be exhausted, and VC coins have become an existence that no one cares about, and can only be barely supported by MEME coins. But if you are the original capital of the currency circle, at the moment when the world is competing for liquidity, the only way to break the circle is to use altcoins, and they must be altcoins that can make people rich and create myths.

Market speculation is generally divided into two modes. One is artificial narrative, which usually promotes a leading token to go out of independent market, such as SUI. The other is the brewing, emergence and outbreak of innovation. This innovation may be a fun Ponzi scheme, or it may be a narrative that largely meets market demand.

A big problem in this round is that "there is no narrative that can guide liquidity in and out like the previous round." Liquidity is the key to asset pricing. If the narrative cannot guide liquidity, it will be difficult for asset speculation to rise. Everyone is speculating on meme coins, and attention is also focused on memes. As long as there is a little wind and grass, related meme coins will quickly appear. But meme narratives are also the easiest to make investors tired, and they often end up with a mess.

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