Let's focus on memes tonight.
Old Li dares not say this is the peak.
Overall, the heat of this round seems to be higher than the previous one.
In the last round, memes were in a stage of being established in a niche market. In the previous cycle, there was only Doge, but in the last round, Shib and more relatively low market cap meme coins emerged.
From what I've observed in the Chinese community and among those trading memes domestically, they are mostly familiar faces, long-time participants on the blockchain. From trading volume data and the situation in the West, especially the United States, as well as the Middle East and Europe, the penetration of memes has significantly increased.
In the previous round, memes only had a short phase, specifically in April, May, and November of 2021, when they attracted considerable attention. The main reason, as someone just mentioned, is the profit-making effect; the profit-making effect of Doge and Shiba Inu was extremely hot.
At that time, it was relatively simple, consisting of the zoo series, such as Shib, Dogecoin, and smaller coins like pigs, snakes, etc., which were relatively homogeneous.
In this round, the entire meme sector has developed more comprehensively, with various meme bots and other relatively sound infrastructures, as well as trading tools that perform well on the web, on-chain tracking and analysis tools, and counter-strategies for following and countering on-chain addresses, all of which are quite mature.
In the last round, everyone's gameplay was relatively simple; they just bought what they were optimistic about, and the understanding was quite similar. In this round, many people, including several institutions, have deeply participated and created many different things.
For example, the recently popular Murad, whose list is more inclined towards cultural and cult attributes of memes, which was absent in the last round. This is also related to the overall industry background. I also mentioned in previous discussions that there are too few new things in the current market, unlike the last round with new things like DeFi, NFT, and GameFi emerging.
However, a lot of hot money has flooded in, and everyone can only chase the direction with the most concentrated attention, letting money flow to these areas.
If you want to grasp this round of the bull market, learning on the fly is definitely too late; it’s best if someone can guide you to get started quickly.
I am Old Li, welcome to communicate!
