Why does it feel like the bull market is coming but not coming?
In the current bull market, the scarcity of 100x coins actually reflects a deep-seated change, that is, the transformation of market mechanisms. In the past, the market value of a new coin might only be 10 million when it was launched, which provided it with a relatively large room for growth. However, it is different now. As soon as the new coin was listed, it was raised to one billion or even several billion US dollars. The resulting high opening and low movement caused more and more retail investors to be cut at the beginning.
Furthermore, this phenomenon of high opening and low movement has become the norm, and mechanisms such as airdrops and lock-up are constantly being used. In this case, the role of dog dealers has become more and more obvious. They control the inflow and outflow of market funds by creating the illusion that the new coin is in short supply, so that the funds are withdrawn quickly and the prices of newly listed coins fall sharply. Some coins have even fallen by as much as 50%, which not only wears down the confidence of retail investors, but also implies the instability of the market.
In addition, dog dealers have also begun to use the investment psychology of retail investors to make money for themselves. They attract retail investors by listing high-value new currencies, and then sell them at high prices to maximize profits. Therefore, in this market, investment in new currencies must be more and more cautious.
If we want to obtain stable and long-term returns in this market environment, we should pay more attention to the new airdrops and haircuts in the primary market, and avoid following the trend of the secondary market. In comparison, investment in the primary market is more stable and the returns are relatively considerable. In general, although there is a scarcity of 100-fold coins in the bull market, in the long run, choosing high-quality long-term currencies, investing and holding them steadily is still a feasible strategy that may bring stable returns.
