In this round of bull market, many people are increasingly disappointed with value investment and are more fond of meme and local dog.

Value investment is a waste, is meme the real value?

This is a bull market for many retail investors who are keen on local dogs, and this round of MEME is more durable.

The characteristics of meme coins and VC capital coins in the previous rounds of bull markets are that, except for a few MEMEs that can go viral, the hype time of most other MEMEs will be very short, generally within a month.

For example, the zoo in 21 years.

However, in this round of bull market, from the earliest inscriptions (inscriptions are objectively also memes), to the later SOL chain, base chain local dogs, and then to the mainstream MEME.

Overall, the shadow of MEME can be seen throughout the entire bull market.

Among the top 100 in market value, there are DOGE, ordi, pepe, shib, bonk, among which BOME, which ranks at the bottom, has achieved a market value of 4.5 billion in just two or three months.

In the bull market before 2018, except for DOGE, there was almost no meme in the top 100 market capitalizations, and only one shib did it in 2021.

At the beginning of 2023, BRC20 led a small bull market.

In October 2023, Inscription led a big bull market.

At the beginning of 2024, Sol Chain Tugou led a big bull market.

These two months have been a wave of meme bulls led by PEPE, and Tugou even began to lead DOGE.

On the other hand, VC coins are not satisfactory.

Since last year, Binance has launched more than a dozen "VC value coins", most of which have reached a climax as soon as they were launched, and then continued to fall for several months.

The so-called "king of public chains" ETH has only doubled its growth in the entire bull market, and its L2 performance is also unsatisfactory.

Led by ATOM, MATIC, and AOT, the once star public chains have continued to do nothing throughout the bull market.

The chain game sector, which is sought after by many capitals, has also done nothing and is stagnant.

Of course there are many more examples.

.......................

Why is this happening?

We will gradually find some reasons.

1. Inflation is too severe, and the entire market cannot rely on on-site funds to support the collective pull-up. It may take a clear message of interest rate cuts and water release before there will be a change.

2. There are too many project parties and too much output. In the past, there were only a few projects a month, but now there are dozens of projects a month. The publicity is good, but the performance is very poor, forming a vicious cycle. Retail investors have no hope for the credibility of VC coins.

3. In order to attract traffic, the current VC coins have issued too many airdrops. The project owners do not want the market value to be too low, so they often open high and close low, which is a helpless move.

In the bull market before 2018, I remember that many copycats were listed on second-tier exchanges, and their market value started at millions, and then slowly pulled up all the way to the first-tier exchanges.

Looking at the current projects, after listing on the exchange, the circulating market value is often several hundred million, and the total market value is tens of billions.

This makes the project itself overvalued. Even if it falls by 80%, many projects are still overvalued. It is equivalent to these projects skipping the same pull-up link as before, and going online directly to the climax, and then the project owners and private equity capital roll up the floor together, and the more they roll, the lower.

This ugly situation is not a precedent for a certain project. Even for projects with good performance like ONDO, the valuation is high when they are online.

This has led to the fact that many retail investors are not buying VC tokens in the secondary market, and the project owners can't pull it up, and all of them are playing badly. Jiaoliuqun+V: 2758624303

Speculating MEME instead of VC coins is the choice of retail investors and some big capital in the currency circle. It is understandable that they are unwilling to pay for traditional private equity capital.

This mentality is similar to the drama of GME fighting Wall Street capital.

At that time, Wall Street capital looked down on GME GameStop and shorted it crazily. Retail investors had been fed up with being controlled by capital for a long time, so they organized to resist and pulled up many Wall Street institutions.

Today, GME continues to pull up.

The reason for all this is that the former social celebrity Roaring Kitty returned to the X platform after a three-year absence.

Yes, it was the god-like man in the eyes of retail investors who wore a red headscarf and loved cats a few years ago.

He represents the image of retail investors, and GME is a bit like MEME, the kind of target that is not optimistic.

This time, the surge of GME also triggered the surge of related sectors of the US stock market, as well as the rise and fall of some local dog coins with the same name such as GME and WSB, and even pulled up the rise of MEME such as PEPE.

As the leader of meme, dog has been driven by it in the past two days.

It can only be said that the myth in the eyes of retail investors has not been forgotten, but has a greater influence.

The reason is very simple. Roaring Kitty represents retail investors, and GME stocks have been falling in the past few years after the last myth. There are also many retail investors who are trapped. These retail investors also want to get rid of the trap, so they are crazy about publicity.

Regarding this point, you can also refer to the past and present MEME coins to remind everyone that any myth, although it sounds good, is made up of the blood and tears of "one general's success is the result of the sacrifice of thousands of people".

GME stock has fallen from the 21-year high of $344 to nearly $10 some time ago.

The story of GME is still going on. This is the story of retail investors against Wall Street. Institutions that have shorted US stocks in the past two days are expected to bleed again.

The story of meme will also continue. This is also the dissatisfaction of retail investors with VC institutions, opposing their monopoly and the means of cutting leeks as they please.

At the climax, don't forget the "thousands of corpses" and make a good exit strategy.

VC tokens will have better performances like SOL and MKR, and there will also be very poor performances like ARB.

When it is down, you should also consider whether there are opportunities to buy low.

In the previous bull market, many people were full of fantasies about VC tokens. In the following bull market, I think if everyone can't tell whether the new VC coins are good or bad, stay away from them all.

Especially stay away from three types of projects: high market value, low circulation, and a large amount of unlocking within half a year.

Take Brother Wang as an example. Forget about the ones I bought before and wait for the bull market. Now all the new coins that are online will not be looked at again as long as they meet the above conditions. #美国4月CPI通胀数据即将公布