At present, the secondary market
Bitcoin has not yet reached 70,000, and Ethereum has also reached 2,700 US dollars, and has not continued to fall. Of course, the most noteworthy thing is that there are signs of a round of increases in the cottage industry. I thought the game concept had a wave, but I didn’t expect that the winner was ape, which built a public chain and announced that it would join the meme pump. The price rose from 0.7 to 1.7. In fact, public chains and memes are not new things. The core of why the price can soar is the high degree of control + main force pulling. Since ape has successfully attracted market attention, it is estimated that other projects will follow suit
This wave of Ethereum performed well, especially when it fell below 2,500, I did not give up this target, but as far as I know, many people sold it. I have said before that when a target is cursed by thousands of people, it is likely that the price is at its lowest point, because it is likely to be the means of the main force, and the selling pressure caused by bad news is basically the last wave.
On the contrary, when a target is widely favored by the market, it is likely that the main force is singing bullish, and various publicity is favorable and how the future will be, the purpose is to make you take over.
In any case, objectively speaking, this wave of cottage hot spots is likely to be driven by the gameplay of ape. After all, everyone has public chain technology, and if you can hype it, there will naturally be traffic. However, in essence, this gameplay is currently speculative, and it is questionable how long it can last.
Now there are rumors in the market that some other projects are also going to pump. dYdX pulled 30 points in one day because of this news. As for the new pictures and new memes on the chain, it is even more of a wave. I would like to say hello to everyone in advance, don’t be blinded by fomo.
It is not easy to persist until now. The market has been volatile for half a year. The difficult days have come out, and good days will come soon!
