After the Bitcoin halving, the market was neither good nor bad. The miners’ selling and leaving were not as serious as expected. On the contrary, the Runes ecosystem continued to be hot, and the burning of Gas made up for the loss of miners’ reduced income after the halving. The more people traded, the more motivation they had to stick to it. But more people felt that this bull market brought a different experience. The harder you work, the faster you will fall into it, because today’s industry has undergone several visible changes:

1. Early participation and the secondary market In the past, people could only buy coins in the secondary market. Now, 1/5 of users have begun to obtain coins through semi-primary market arbitrage and staking. They are not opposed to robbing, inscription, meme donation, and staking, but they just don’t buy coins. If this proportion increases, it means that fewer people buy coins in the secondary market, and more people want to sell coins at a low cost.

2: A wide range of choices. Although hot topics such as Restake, Inscription, NFT, Solana Ecosystem, Modularity, and Layer 2 Network have sparked heated discussions in this bull market, they have not attracted the participation of the whole people. This is completely different from the past. There is no joint force between funds and users. Each of them is fighting for its own interests, which seems to be scattered and disorderly. There are two reasons for this situation: first, the industry is getting bigger and wider, and it is almost impossible for one person to understand and master the entire industry; second, the entire industry lacks innovative products that can really inspire imagination again, and more of them are just micro-innovations on past innovations.

3. Good projects are weak in driving up prices. Now people have their own judgment on good projects and bragging projects. Good and cheap things are hard to buy. For example, the two second-layer network operations and arbitrage of Ethereum, these two projects were very popular as soon as they were launched. The current price is similar to when they were first launched 1-2 years ago, and the arbitrage price is even lower than when they were launched. Good things are not cheap, and good things and making money have become two different things.

There are four main reasons for continuous losses: 1. Lack of experience and patience
Since newcomers are unfamiliar with the market and have no operating experience to refer to, they always think about making profits immediately. After building a position, they will close the position as soon as there is a little profit. Such operations often miss out on bigger market opportunities, and even if they build another position, the returns will be greatly reduced.
2. Overtrading due to unstable mentality
During the investment process, newcomers tend to panic once they find that the market is not favorable to them. They only think about reducing losses, so they blindly open and close positions. Newcomers have no time to care about how many times they have traded and whether they have made a profit. Trading is not about quantity, but quality.
Some newcomers want to take advantage of the situation and invest all their money at once. If the market suddenly experiences a big shock, they will lose all their money. Some people start to make big moves to gain small profits, and increase their investment without regularity, which leads to a difficulty in the circulation of funds. You should leave yourself a way out in everything, especially in the ever-changing investment market of the cryptocurrency circle.

4. Unwilling to set a stop loss
Many newcomers are unwilling to set stop losses because they are lucky, but they watch the price deviate from their expectations. When they encounter a sharp drop or sudden rise, they are only sad and regretful. Some even act as ostriches, wishing that the price will turn around. In this case, it is better to turn back in time! In the crypto market, the US SEC issued a "Wells Notice" to ConsenSys, an Ethereum infrastructure development company, and accused MetaMask of operating as an unlicensed broker. ETH fell for a short time, but quickly recovered the losses and is now basically the same as yesterday. At the same time, PEPE entered the top of the Smart Money list, which means a high winning rate or potential institutional internal address purchases, and is optimistic about the subsequent PEPE trend.

Sector changes: Cross-chain track (W)

According to on-chain data statistics, the total number of transactions conducted by users using the cross-chain interoperability protocol Owlto Finance on Bitcoin ecosystem Layer 2 and other networks has reached 1,549,313, and users are distributed in 206 countries and regions; at the same time, the Wormhole project is also continuously updated. According to the official announcement, the native W token is now available on Solana, Ethereum, Arbitrum, Optimism and Base through Wormhole Native Token Transfers (NTT). The good news caused the price to rise in the short term.

Factors Affecting the Market Outlook

The subsequent roadmap of W shows that W has become a native multi-chain token and has completed the second phase of the W release roadmap. This release will bring the first multi-chain governance system MultiGov and W staking governance, which is expected to absorb tokens in the market. If the W staking growth effect is good, the selling pressure in the market will further decrease.

The new generation of popular meme coins that emerged in the recent Meme Season rebounded from oversold prices amid market upheavals. During the market crash, whale wallets and smart money bought the bottom and rose strongly during the rebound. MANEKI's price continued to rise after airdropping to solana saga phone holders.

Factors Affecting the Market Outlook

The new generation of popular MEMEs are all characterized by strong market control and high market attention. SLERF and BOME have whales absorbing enough chips during several sharp price fluctuations; MEW issued an airdrop worth up to 4 million US dollars in the post-TGE market, and the project has not yet made a profit on this asset. Therefore, the strong market makers of many new generation popular MEMEs have enough motivation to pull the market for these assets that have already received huge attention in the market. The market's enthusiasm for the entire Meme track and the timing of the market makers' pull will be the most critical factors for making profits in this track.

Sectors that need to be focused on in the future: AI sector

The market started to fluctuate this week. With the breakthrough growth of BounceBit TVL and the launch of Runes, the crypto market paid more attention to the second layer of BTC.

Specific currency list

ARKM: Arkham is a blockchain analysis platform that uses artificial intelligence to analyze blockchains and on-chain data. The secondary market price rebounded sharply;

NEAR: Recently, many AI projects in the NEAR ecosystem have been raising funds, and NEAR is expected to become the AI ​​hub of the future.

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