No one is talking about airdrops anymore!
No one is talking about new listings anymore!
No one is talking about contracts anymore!
No one is talking about VC coins anymore!
No one is talking about DeFi anymore!
No one is talking about NFTs anymore!
No one is talking about GameFi anymore!
No one is talking about Restaking anymore!
No one is talking about the BTC ecosystem anymore!
Since September 17th, Bitcoin has surged from 57,000 to nearly 70,000, bringing significant confidence to the market during this period.
However, Bitcoin only corrected to 65,000 and then fluctuated between 65,000 and 68,000, causing people's enthusiasm to gradually fade. But why is the meme market so hot?
It's because participants in the crypto space haven't had reliable projects that allow them to make money for a long time. If there's no profit, one has to find ways to make money, and other markets can no longer provide short-term returns. At this moment, the short-term profits of memes attract everyone!!
However, this also brings significant losses to those who don't know how to play memes. I hope everyone pays attention to the risks! (For example, I experienced a loss that vanished in seconds)
Is there really no project at this stage?
Not really; there are projects, but everyone has a pessimistic attitude towards the entire market. Currently, there is a loss of confidence in the market, and people are reluctant to participate casually, feeling pessimistic about the upcoming market conditions. At this point, people's desire to buy is very low, and some want to keep their funds. Therefore, it’s very possible that they will sell off assets they don't feel positive about, creating an imbalance in supply and demand, resulting in a weak market trend!
Is there no capital in the market? There is! Otherwise, any meme pool could easily have a market value of millions or even billions!
If Bitcoin breaks through the previous high and charges straight to 80,000, then everyone will have their own profit expectations for the upcoming market. At that point, people will start looking for projects to participate in, and the supply and demand relationship will change!!
If Bitcoin hits 80,000, which sector will respond first? Among the sectors mentioned above, which one will provide feedback to the upcoming market first? I'm looking forward to it!!!
