A successful meme requires only three elements, but none of them can be missing:
1. Institutional participation and leadership
2. A community that combines Chinese and Western elements
3. A founder who has seen money and has a vision
Without institutional participation, it will be pvp. Without a diversified community, it will be difficult to become a phenomenal meme worldwide. If the founder has never seen money, he will have no vision and will want to run away after making a little money.
On-chain fees exceed Ethereum, is SOL really going to replace ETH's position?
Recently, with Goat, Pnut, Act, and other Memes consecutively launching on Binance, the Solana ecosystem is experiencing a new wave of excitement. According to Blockworks Research statistics, after October 19, 2024, Solana's on-chain daily fees have consistently exceeded Ethereum's for several days, and on October 24, revenue even surpassed $10 million. The popularity of the Meme sector has led various funds to continue entering the Solana ecosystem, making it the hottest ecosystem in the circle right now.
It must be said that Solana is indeed the hottest chain in this round of the bull market, with more than half of the star projects from the DePin craze originating from the Solana ecosystem, followed by waves of Meme trends, making it quite lively.
The ETH/BTC exchange rate continues to decline, perhaps the most important thing has been overlooked.
Since this market cycle, Bitcoin has been soaring, making Ethereum and some older 'value projects' increasingly weak, with ETH/BTC once hitting a bottom. This has become the strongest 'unresolved emotion' for many seasoned crypto enthusiasts, without exception. Both the bull and bear markets have been experienced, yet there remains an inability to let go of the stagnant ETH. It seems that dissatisfaction with ETH in the crypto community has reached its peak.
01 Has Ethereum's original intention changed? Although ETH and BTC each have different paths and there is not much direct conflict, most long-term holders of ETH since the bear market hope that ETH can outperform BTC, meaning they expect a good return on ETH/BTC. Based on previous experiences before this bear market, ETH has managed to outperform BTC most of the time.
🇨🇳🇨🇳Amid the dismal Memecoin scene on Binance Smart Chain, a new phenomenon has emerged - BabyCate! Our mission is clear: to reinvigorate the memecoin scene on BSC and walk the red carpet for the triumphant return of the beloved King of Finance, Changpeng Zhao. We believe that memes are more than just fleeting trends. They have the power to build communities, inspire creativity, and even drive innovation. With BabyCate, we are fostering an environment where fun and potential are intertwined. As we eagerly await CZ’s return, BabyCate is more than just a symbol; we are a passionate community, a movement dedicated to showcasing our unwavering support. Think of us as the ultimate welcome back gift, a testament to the excitement and anticipation surrounding the King’s return. But our journey doesn’t end here. BabyCate will make Binance Smart Chain great again!
Ethereum's largest DApp launches its own business? Is this the last straw that breaks the camel's back for ETH?
Recently, Uniswap Labs officially launched Unichain, an Ethereum Layer2 network based on OP Stack, and launched the testnet. As the mainstay of the Ethereum ecosystem and DeFi field, the crypto community has paid close attention to the important progress of Uniswap. Vitalik and other KOLs have expressed different opinions, but the most concerned about this matter may be those old Ethereum FUDers, who have begun to analyze the death countdown of ETH after the "defection of the largest DApp in Ethereum"...
01 Is Unichain really Uniswap's "defection" route? According to official information, the purpose of Unichain's launch is mainly to solve some challenges of DeFi, such as cost, efficiency, and the need for seamless cross-chain swaps with fragmented liquidity. Simply put, the Uniswap project will continue to improve the user experience and competitiveness of its own products by customizing a unique Layer2 network.
Da Lan, an internet celebrity with millions of fans, has his account blocked. Is he the one everyone is looking for when they lose money? #股票 #a股 #今日a股现状 #
The higher Bitcoin goes, the more scared they are that Satoshi is still alive?
Recently, the world-renowned pay TV network HBO announced that it will reveal the identity of Bitcoin founder Satoshi Nakamoto through their documentary. Although I think this is another meaningless marketing campaign using the traffic password "Satoshi Nakamoto" to hype up. However, no matter what, HBO's documentary promotion has successfully triggered a great discussion in the crypto community and the financial world. We have to admire that it chose such a special time point to provoke everyone's sensitive nerves...
01 Searching for Satoshi Nakamoto This year, the approval of the Bitcoin ETF has made it officially a mainstream asset. Bitcoin has since entered a wider public view, and global financial institutions have become increasingly interested in this "alternative asset". As an experienced producer of TV programs, it is not difficult for HBO to dig out "Satoshi Nakamoto", the ironclad traffic password for many years.
If a game on YouChain is not fun enough and has no playability, what kind of bugs will appear?
If a game on YouChain is not fun enough and has no playability, what kind of bugs will appear?
Now the chain's path is:
First, you need to have a good team, and then a good game. At least a promotional video and some playable things, and then build a community around this game to attract interested players in the Web3 market. Then start selling NFTs or other products.
Through this process, you can gradually build a community with effective stickiness, cultivate some loyal players, and then start internal testing, let these users to debug bugs and do testing. Eventually, the game will get better and better.
Jiu Zi Li Huo Grand Luck, today begins the Jia Xu month, the water reservoir is closed, the fire reservoir is opened, metal and water are out, wood and fire are on stage, the stars in the universe are all energy bodies, people who have accumulated virtue will come to the fore, the day of reckoning has come, and the next thing will be completely different, the gears of fate begin to turn, get ready for a new beginning
Vitalik Buterin is addicted to selling coins. Selling coins has become a good thing. Whatever you sell will increase in price. The last one he sold was Neiro.
The stock market has ushered in the best turning point in history, and it is likely to usher in a bull market similar to the one-in-a-decade bull market in 2015. The main reasons are as follows: 1. First of all, of course, it has been almost a decade since the bull market in 2015. Everything will go to the extreme. If it rises too much, it will fall, and if it falls too much, it will rise. Especially after the sharp decline last year, the bottom is enough, and there is no room below. Or the main chips have also been obtained.
2. It is precisely because the economy is not good and everyone is unwilling to consume, and the national economy or GDP actually relies mainly on bulk or large-scale consumption. This is also the reason why the real estate market exploded in the past. At that time, the state released money and all flowed into real estate. As a result, housing prices soared all the way, but the stock market was very bleak. However, it is different now. You have some common sense and you know that real estate is no longer good now. It is impossible for rich people and ordinary people to buy any houses. So what you can see is that bank interest rates continue to decline, forcing everyone to spend money, but the total amount of bank deposits continues to reach new highs, because the rich save money and ordinary people also save money, so how to force the money of the rich and ordinary people out and flow into the market? In the past, the bulk of the money was real estate, but eating, drinking and having fun actually didn’t cost much, so it was only bulk. So the best way for Chinese people to take out the bulk of their money is currently the stock market #大A香还是大饼香 #加密市场急跌
Ethereum is on the verge of collapse. Is there still a chance?
Recently, there have been more and more criticisms of Ethereum due to its long-term performance falling short of expectations. Coupled with the fact that the Ethereum Foundation has been inappropriately caught up in the “shipping” storm, it is like a wall falling and everyone is pushing it down. This has once again made people worry about the “future” of Ethereum. So this time, can Ethereum successfully overcome this “hurdle”?
01 Debate: Ethereum’s “Seven Deadly Sins”
It seems that every time the market goes bad, some projects or institutions will be "attacked". This time, it is unexpected that Ethereum, which has always been ranked second in market value, is the target. Recently, when you open social media, there are many well-known institutional partners, well-known KOLs, etc. who have made various "complaints" about Ethereum, and there are also some Ethereum diehards who argue. Today, let's take a look at the "seven sins" of Ethereum that are being debated. Which one is right and which is wrong:
Ethereum killer Solana has become stronger again, will it succeed this time?
In 2024, the "Ethereum killer" Solana is unstoppable. In the week of July 22, Solana's main chain weekly total fees exceeded its competitor Ethereum for the first time, with revenue of about $25 million, while Ethereum's revenue was $21 million. On July 28, total fees exceeded $5.5 million, a three-month high. And just after the crypto market plummeted across the board on Black Monday this week, as the market regained its sanity, Solana's price soared by more than 35% in less than 48 hours, surpassing Bitcoin's increase.
It can be said that after experiencing the ups and downs of the past two years, Solana and its ecosystem have once again become the focus of the market. This time, the momentum is about to surpass Ethereum. However, many projects that were previously called "Ethereum killers" have failed in their challenges. Can Solana finally succeed in its challenge? Today, let's review the birth and rise of Solana and the latest development status of Solana's ecosystem, and perhaps find some clues...