What should we do in the face of this current garbage market?
The cryptocurrency market is now a market that simply provides transactions. It has nothing to do with technology or innovation. You should study not the underlying technology, not the team background, and not the so-called innovative technology, how many problems it has solved. You should study the distribution of chips, the number of real currency holding addresses, the direction of smart money, etc.
Simply put, if the current market is going to rise, it will rise whether there is innovation or not. If the market is going to fall, you will fall even if you have 200 new technology innovations a day. The logic of the rise and fall of the cryptocurrency market has nothing to do with innovation.
When all the jcs begin to wake up, when everyone knows that VC coins are unfair, and when everyone knows that most of the prosperity comes from fake traffic (airdrops), the original storytelling model is over.
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When you understand these, the conclusion is relatively simple. The cryptocurrency market is a market driven purely by funds. It has nothing to do with projects and technology. Where the funds go, there will be rises, and where the funds are withdrawn, there will be falls. It's very simple.
