The current situation for Meme is not very good, so what sectors should we focus on next?
Recently, the Meme projects have shown signs of a pullback.
Although Musk has mentioned them multiple times, the related projects only experienced a brief surge before being dumped,
even with his support, the effect has been poor, indicating that the Meme market is in a declining trend.
It is recommended to decisively sell at high positions and not to hold onto too many illusions, as most will fail,
only a very few projects with strong communities and narrative abilities will survive.
Judging the potential of a project requires considering multiple factors,
such as Doge benefiting from Musk's promotion and market speculation,
attracting traffic and funds, leading to a continuous price increase.
It would be better if the project community team could take the initiative and push for listings on well-known exchanges,
like Neiro's previous listing. The power of market makers is also crucial, as project speculation relies on sufficient funds and traffic.
Although Bitcoin has pulled back, the altcoin market has recently surged.
This round of market activity is mainly concentrated on old coins on CEX platforms, with most old coins rising over 30% over the weekend, similar to the situation when large funds returned to CEX after the 2020 farm frenzy,
at that time, few people seized the opportunity, and many missed the CEX market after profiting in the DeFi field, this time is quite similar.
Today’s Bitcoin pullback has led to corresponding pullbacks in various coins, but there is no need to worry too much,
the bull market is still present; every market pullback is a good opportunity,
for example, priority should be given to leading projects, public chains, and DeFi/2, as these are key focus areas.