October 13, 2024
Recently, a popular way of playing in the MEME circle is not new, that is, transferring coins to Vitalik's wallet, especially when Vitalik sells it, it will bring a wave of traffic. Of course, the ETH Vitalik gets from selling MEME will be transferred to charity organizations, so it is not freeloading Vitalik, and the hype of MEME has more meaning.
In fact, I have never been very interested in MEME, nor do I know much about it. Take the case of Vitalik Buterin for example. We know that Vitalik Buterin has the same attitude towards any MEME transferred to his personal address: sell! According to normal logic, this means that Vitalik Buterin is not optimistic about it, so how can it stimulate more people to buy? Is this part of the so-called MEME culture? It's incomprehensible.
I don’t know if it’s because of the recent popularity of Meme, which has led to an increase in on-chain activity. Ethereum’s recent performance has barely stabilized, at least the exchange rate is still around 0.04 and has not fallen further. The price is also in the 2300-2500 range, which is still a little far from the previous low of 2100. Overall, it is a stable and volatile market with a tendency to bottom out.
As for the market, since Bitcoin fluctuates within a range, the volatility is very low. Unlike the previous belief that we must wait for a big drop, I think if it continues to go sideways this week, we can consider taking some positions for short-term trading. Previously, the short-term trend was bearish, but recently there has been a trend of sideways instead of falling. However, if you have spot goods on hand, you can continue to wait.
Thank you for your attention and likes.
