Have you ever thought about what you are speculating in when you enter the cryptocurrency circle? I believe that many people in the cryptocurrency circle have not thought about it. Do you think you are speculating on the value of the token? Or the future of the project? In fact, neither. Cryptocurrency speculation in the cryptocurrency circle is actually a new way of asset issuance🔥

We look back on the history of the cryptocurrency circle for more than ten years and carefully study each hot spot:

1. In 2008, the emergence of #BTC, a new asset issuance method based on electricity and computing power. When everyone gradually understood BTC, the price of BTC was no longer affordable. Various things that appeared later, although they could be hyped for a while, eventually went to zero.

2. The emergence of#ETHin 2017 led to ICO, a new asset issuance method. When ETH first appeared, V God personally stood on the platform to sell it everywhere, but no one was interested. But when ETH increased by a hundred times, various ICOs emerged like mushrooms after rain.

3. From the end of 2017 to 2018, with the emergence of #BNB, the concept of platform coins became popular, and major exchanges launched their own platform coin activities, which is also a new way of asset issuance.

4. In 2019, Binance innovatively launched a new asset issuance model using BNB, which once gave birth to 100x coins such as BIT and MATIC. Exchanges such as Ouyi and Huobi have also followed this model to empower their own platform coins. However, by 2024, except for BNB reaching the peak of the last bull market, most platform coins have trapped people.

5. In 2020,#DEFIis another blockchain development. The governance tokens of leading platforms such as UNI, COMP, and AAVE were once popular in the last bull market, and various imitations emerged in an endless stream. Is anyone still playing now?

6. In the big bull market of 2021, Musk brought the MEME dog concept to the forefront in the first half, and the hot spots in the second half were#NFTand #GAMEFI, all of which are a new way of issuing assets. All the first wave of people who entered made money, and those who entered later were deeply trapped.

7. The BTC ecosystem that is popular in 2023 has all kinds of inscriptions and runes that are the same. The currency circle will have a new so-called "hot spot" every one or two years, which is actually a new asset issuance method. But most hot spots are unlikely to last more than 1 year. Most leeks either leave after losing all their money or survive and become old leeks. After the old leeks have experience, they will no longer be deceived by the old routines until a new asset issuance method emerges.