Without considering long-term factors, DeSci can be regarded as a relatively outstanding sector within the MEME domain. Compared to other MEMEs, DeSci has more prominent narrative characteristics.
Although the celebrity effect is difficult to maintain for long, it exists due to the support of actual scientific research projects, thereby providing a fundamental backing.
Any innovative achievements in scientific research and the development process of products will further strengthen the depth of its narrative. The biomedical sector typically benefits from an abundance of fundraising, and the novelty of this field increases its potential for integration with the crypto space.
Moreover, DeSci also has the potential for breaking through influence, with the current celebrity effect in the sector mainly concentrated within the crypto industry, represented by figures like Vitalik Buterin and CZ. Celebrities from traditional medicine and research fields have yet to get involved, and large institutions have not yet appeared in significant numbers, which also expands the space for future narrative development.
Returning to the perspective of the macro market, whether it's animal themes or artist themes, driven by AI or validated through scientific research, it can be seen that MEME has already become the main gathering place for market capital.
However, the main recipients of wealth during that massive wave were altcoins.
Looking solely at the altcoin market, as Bitcoin climbs from $10,000 to nearly $100,000, the upward effect of Ethereum has noticeably weakened, with the overall performance of altcoins mostly showing a downward trend. Among the top ten crypto assets, only SOL and XRP have seen an increase, and the once-common explosive growth of altcoin seasons seems difficult to reproduce.
Essentially, the shift in capital flow is the core point.
In the traditional transmission model of bull markets, the usual path is to gradually spread from high-stability assets to low-stability assets, activating high-yield preferences from low-yield sources, meaning mainstream coins move first, followed by altcoins, then MEME coins, and finally other sectors. However, this year's transmission path is different from the past.
Now, with the entry of institutions and the saturation of project numbers, large-scale new liquidity from the outside will only flow into the Bitcoin ecosystem, while the public chain ecosystem lacks strong applications, and altcoins are deeply trapped in a crisis of supply and demand structure. Bitcoin has become the absorber of capital in the entire ecosystem, with funds from other sectors also being attracted, and only MEMEs, which have a fast trading rhythm and significant wealth effect, can stand out, turning the original altcoin season into a MEME season.
If anyone feels confused due to market fluctuations, unsure how to deal with being stuck, or feels misled during their operations, feel free to communicate!
I am Old Li.