Analysis of the BTC Ecosystem

Many people view the BTC ecosystem as an on-chain 'junkyard,' complaining about its high gas fees, low efficiency, slow transactions, and many other shortcomings. However, experienced players who have been in the game for years have a different perspective on these complaints.

When the ETH ecosystem was just beginning, it also faced a lot of criticism. Ecosystem development takes time and inevitably has its bubbles.

Looking at the long term, it is highly likely that a 'giant' project will emerge on the BTC chain; the key is vision and the ability to hold steady.

In a bull market, the BTC ecosystem, as a rising star, is receiving a lot of attention, with absurdly low valuations; the total market capitalization of the entire ecosystem is still less than that of individual cryptocurrencies in other sectors. However, being at the forefront, the potential for a price surge is significant, and this bull market is expected to be one of the most profitable sectors.

When funds are ample, as long as a little spills over into this 'value pit,' the profit-making effect will be very strong, growing like a snowball.

As for NFTs, the NFT model on the BTC chain is very pure and is expected to redefine collections; its total market capitalization will eventually far exceed that of ETH's database NFT model.

Previously, in the BTC ecosystem, apart from Ordi, other coins had been falling for over a year, with declines of 90%, but when the bull market arrives, an upward trend is inevitable.

Let us wait and see and allow time to verify the development of the BTC ecosystem.