Can’t you just consolidate a bit, Big Pancake? It's hard to rise, but it’s quite easy to fall; that’s the situation now.
Except for a few AI projects, the market sentiment feels almost non-existent.
Really, don’t touch the altcoins on exchanges; the liquidity is getting worse, and there’s basically no popularity left.
It’s better to look more at on-chain data; at least there’s a chance to participate in the primary market or early projects.
Take Morpho, for example; it’s one of the rising stars in this round. Its token has also increased several times recently, almost catching up to Pendle.
A few leading DeFi projects are also quite good; they really have potential.
However, many altcoin projects really don’t have any actual empowerment, and the protocol fee switch is not working well.
Small DeFi projects, the second-tier ones, basically have no buying value.
Unless you see a change in fundamentals, where the top project becomes garbage and the second project starts to see data growth, then there’s an opportunity.
Just like DYDX, which initially held a large share of the perp market, but was later overtaken by Hype and ultimately got beaten down.
I still hope BN can play the role of a big brother and support the market’s hotspots.
The rest are really just noisy distractions.
After CZ supported DeFi, some on-chain DEXs did rise; putting them on BN is basically enough, but something like the first The has more room for growth.
That Bio project; who will take it over? It has also dropped to 0.6.
Sometimes I wonder, if I miss it, can I really never get on board again? The market is not short of new coins; why chase after something I missed?
If you want to make money, you still need to be patient.