The bull market is the influx of new people and new money outside the cryptocurrency circle, not the internal circulation of old people and old money within the cryptocurrency circle.

The logic of the bull market is definitely different from that of the bear market, but the market is still full of a large number of the internal circulation mode of the past.

Personally, I think that the next SHIB will not appear on the smart chain and base (because it is still the old internal circulation mode), but it is possible on Solana and Ethereum L2 (but it will not appear on Base, which is beyond Vitalik's expectations, and the outbreak of meme itself is beyond Vitalik's expectations).

The bull market is the moment to turn the table.

The logic classification of the surge of 100-fold coins:

● Hard-core product narratives, such as GMT, AXS, PENDLE;

● Star public chain narratives, such as SOL, ETH and other public chains;

● Market sentiment surges, such as SHIB, BOME, PEPE, ORDI and other meme coins