Talking about Shanzhai:

First, the conclusion: this round will not see a massive rise in coins, nor a season of collective celebration in the Shanzhai market.

Reasons:

1. The cryptocurrency market is maturing, and the survival of the fittest is a natural law; worthless coins are being eliminated to zero, and the rise of truly valuable coins is an inevitable result of market maturation. The crypto market has always been about cycles of eliminating garbage and the emergence of new innovations;

2. Composition of participants: the current participants in this circle are mostly mature traders, and the characteristics of these traders determine that they will not buy anything like the extreme beginners in the coin circle; the MEME vs. VC is the result of market participants voting with their feet;

3. Looking at the TOTAL3 indicator, although most coins are at low points, the overall volume of the indicator has already reached the range of the 2021 peak, indicating what? Although coin prices have decreased, the number of coins has increased.