LIVEThe main problem of the current bull market is the scarcity of new blood and insufficient liquidity.
The market is circulating with old capital, and familiar faces appear again and again, like a group of elves who have experienced vicissitudes of life.
Investors look at each other, but they all know each other's details, and they can't cut each other, nor can they cut themselves.
A tacit smile flows between them, and everyone understands each other's old routines.
The project organizers can tell all kinds of fascinating stories, but it seems difficult to attract new investors, resulting in the poor performance of this round of technology coins.
New investors tend to believe those gorgeous promises and are easily attracted by high-tech concepts.
Experienced investors are already well-informed and will not be easily shaken by the so-called technical concepts.
They focus on the actual performance of the market, and only the technology that pulls up the market is worth paying attention to.
In their view, only the technology that can drive the market can be regarded as excellent, and those that cannot drive the market, no matter how superb the technology is, are just futile.
In the field of cryptocurrency, there is no technology that will eventually shine, because when the technology is ready to shine, the bull market may have already ended.
Therefore, meme coins have performed well in this round of the market. Following the footsteps of Bitcoin, they can create emotional value, which is the most powerful technology.
In the absence of new investors, it is difficult for senior investors to make profits.
Because there are no newcomers entering the market, the funds in the market can only flow between old investors. After all, the money everyone earns ultimately comes from someone else's pocket.
