These past couple of days, some people have been spreading a viewpoint that made me laugh: "Even old coins that can't rise have risen, which means this is the final madness."
I really don't understand how these people's minds can be so whimsical.
Take XRP, ADA, and other old coins, with such large market capitalizations, over hundreds of billions, doubling, do you think this is the final madness?
Right now, retail investors are completely wishing for the market to drop, fearing a drop, and then finding all sorts of reasons to satisfy their own thoughts.
Previously, the inscriptions sector rose, and then the meme series rose, that's what we call temptation.
Go take a look at ORDI, it has risen dozens of times, what is its market cap now? Go take a look at those meme series coins, how many times have they risen? What is their market cap?
With a few thousand million in market cap, pulling dozens of times is just a few billion, pulling hundreds of times is only a few tens of billions.
However, retail investors believe that since inscriptions have risen and memes have risen, seeing such large gains, they think the big market has ended,
but they are just being deceived by appearances; coins that had highly controlled distributions before the rise of inscriptions and memes do not need much capital to pump.
So at that time it was just market players competing with each other.
Everyone is saying there's no money in the crypto market, no bull market, but no one ever thinks about why old coins like XRP, DOGE, ADA, which have large market caps, can double quickly.
Do you think that market cap is just a number? Changing 100 billion to 200 billion is just changing 1 to 2?
The crypto market is a financial market, and it is currently the most brutal global financial market. Don't take your inherent thinking and understanding for granted.
So those who say the crypto market is doing poorly, not giving opportunities to make money, that the global economy is bad, that there is no money flowing into the crypto market, that a short-term bull market will not come, those who say these things should first clarify why the old coins have risen recently.
