Why is it difficult for the current bull market to reproduce the myth of hundred-fold growth?
The root cause lies in the profound changes in the market ecology. In the past bull market, the initial market value of hundreds of times coins was often only tens of millions, and it became a legend that it could easily double to one billion. Nowadays, the listing of new coins can easily reach billions or even billions of US dollars, directly entering the track of opening high and moving low. The "leek harvest" mode is started immediately after listing, followed by continuous lock-up and release, and bankers and institutions swarm When entering, the strategy is renovated, making it difficult for retail investors to guard against it.
The change in market wind direction is particularly significant. Investors prefer to "like the new and hate the old", but this happens to be a sharp weapon for bookmakers. They frequently launch new coins with huge market capitalizations, the frequency of listing is dizzying, and capital diversion is serious, exacerbating market instability. In this round of decline, funds retreated rapidly, with many new currencies falling by more than half. Even investors who had previously made profits would inevitably fall into losses if they did not withdraw in time.
The project side upgraded its strategy, taking advantage of information asymmetry and the cognitive limitations of retail investors to carry out high-dimensional attacks. Opportunities for new projects, airdrops and short-term arbitrage appear frequently in the primary market, while the secondary market is relatively quiet, with few high-quality projects and the quality of most new coins is worrying. Therefore, investors need to be extremely cautious when choosing.
Another important factor is the extreme fragmentation of chip distribution, the endless emergence of new concepts, the flow of capital like guerrilla warfare, and the lack of patience and belief in long-term deep development projects. Capital is the core force driving the rise of projects, and its attitude directly determines the fate of the project. Against the background of the withdrawal of capital, it is difficult for retail investors alone to leverage the miracle of hundred-fold growth. A true 100-fold project must be based on the dual support of broad consensus and abundant capital.
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