Market speculation is generally divided into two modes. One is artificial narrative, which generally pushes a leading token to an independent market, such as SUI.
The other is the brewing, emergence and outbreak of innovation. This innovation may be a fun Ponzi, or it may be a narrative that largely meets market demand
A big problem in this round is that "there is no narrative that can guide liquidity in and out like the previous round", and liquidity is the key to asset pricing.
If the narrative cannot guide liquidity, it will be difficult for asset speculation to rise. Everyone is speculating on memes, and attention is also on memes. As long as there are some disturbances, related memes will quickly appear. But meme narratives are also the easiest to make investors tired, and eventually a mess
