According to TechFlow, cryptocurrency KOL arndxt expressed his opinion that the current market is close to the bottom, generally showing fatigue and low sentiment. He pointed out that only 42 projects have outperformed Bitcoin this year, and 11 of the top 15 projects are meme coins.

Arndxt said he strongly feels that the market is about to turn, and expects that momentum will begin to accumulate by the end of September, and October may become an important month for the cryptocurrency industry. He predicts that new and promising projects will rise in the future, especially considering the upcoming token generation events (TGE) of multiple projects that can really add value.