“Even the old coins that couldn't rise have risen, which indicates that this is the final madness.” Is this statement true or false?
Let me explain the logic behind it. Take XRP and ADA, those old coins with such a large market cap, over hundreds of billions in market value. If they double, do you think that’s the final madness?
Right now, retail investors are completely wanting the market to drop because they still want to buy in at a lower price, but they are also afraid of the market dropping, creating a contradictory mindset.
Look at ORDI, it has risen dozens of times; what is its current market cap? Look at those meme coins, how many times have they risen? What is their market cap?
With a market cap of several million, a rise of dozens of times is only a few billion; a rise of hundreds of times is only several billion. However, retail investors think that since the inscriptions and memes have risen, and they've seen large rises, they believe that a big market trend has already ended.
But they are only deceived by appearances. Coins like inscriptions and memes that were highly controlled before rising don't actually require much capital to pump.
Everyone is saying that there is no money in the crypto circle, that there is no bull market, but no one ever thinks about why old coins like XRP, Doge, and ADA, which have large market caps, can double quickly.
Do you think that market cap is just a number? Changing 100 billion to 200 billion is just changing 1 to 2?
The crypto circle is a financial market, and it is currently the most brutal global financial market. Don’t apply your inherent thinking and assumptions to what is obvious.
So those who say that the crypto market is not good, that it doesn’t provide opportunities to make money, that the global economy is poor, that there is no money flowing into the crypto circle, and that a short-term bull market will not come, should first clarify why old coins have recently risen.
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