Now it is the end of May 2024!
Looking back at the bull market before 2018, except for DOGE, there is almost no shadow of meme in the top 100 market capitalizations, and only one shib has done 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. The so-called "king of public chains" ETH has only doubled a little more than the entire bull market, and its L2 performance is also unsatisfactory. Led by ATOM, MATIC, and AOT, the former star public chains have continued to do nothing throughout the bull market.
Why is this the case? Slowly we will find some reasons.
1. Inflation is too severe, and the entire market cannot support collective pull-ups by relying on on-site funds.
2. There are too many project parties and too much output.
3. In order to attract traffic, the current VC coins have issued too many airdrops. The project parties do not want the market value to be too low, so they often open high and close low. This is a helpless move.
So, what other reasons do you think there are? Welcome to leave a message in the comment area!
