Many friends have left messages, saying that if the big coin pulls back, they are afraid that the altcoins, which have not risen much, will drop sharply. So let me share my views on the market.
1. The role of the big coin: It is to open up space, create a gap with the previous high, and expand its own market value space, thus opening up the overall upward space of the cryptocurrency market.
2. The role of MEME: It ignites emotions; only small market cap, high multiples can ignite emotions; only stories of getting rich can ignite emotions; only nonsensical surges can attract funds from outside the circle; stories? Narratives? It doesn't matter, we can create and fabricate them.
3. Now that there is space and emotion, what will the profit-taking of the big coin and MEME coins look like? What will the operating funds of other major cryptocurrencies do? Taking #BNB as an example, if at this time it doesn't engage in mining, doesn't stir things up, doesn't pump, as a centralized exchange, I would really question its capability. After all, #ETH can be a scattered sand, but BNB is the stock of a centralized exchange, and this exchange is the first in the industry.
4. Many people will be afraid of heights again, worrying that if the big coin pulls back, the altcoins will be worthless. But I still say, once a trend is formed, it won't change easily. The big coin may pull back, and the altcoins may follow, but I personally believe that once there is a wave of pullback, it will mark the beginning of the altcoin's bullish wave! #DOGE飞”狗“在天 #币安将上市ACT、PNUT #HaveYouBinanced #BTC连续破新高,你看到多少? #DOGE看涨情绪飙升