Recently, a large number of Meme coins and Ton mini-game projects have appeared in the market. Users blame Binance for this phenomenon, believing that it has "corrupted" the market atmosphere. However, in fact, not only Binance, but the entire crypto market is undergoing a profound adjustment. Binance has become the focus of everyone's attention due to its great market influence. Whenever the market is in trouble, it naturally becomes the biggest target.
Author: JiaYi. Ported by: Bosen Quantitative Consultant Xiaosun (bosen0722)
The current status of the industry with accelerated liquidation
Since 2023, Meme coins have become popular, and people have invested in this currency that has no value but can bring wealth. The change in the flow of funds in the Crypto industry reflects that the market is more inclined to short-term gains rather than long-term value. This trend has caused an overdraft of trust in project parties and exchanges, and users' trust in the market has gradually disappeared. The voices criticizing Meme coins are getting louder and louder.
The embarrassing role of exchanges
Exchanges are not the judges of the market, they can only follow the market trend. When the market focuses on Meme coins and small games, exchanges will naturally follow these popular projects to avoid missing opportunities. Although this approach caters to market demand, it leads to the burial of truly valuable projects, and there is a problem with the underlying logic of the market.
Industry Breakthrough Tripartite Cooperation
To get out of the current predicament, project owners need to truly focus on creating valuable projects rather than pursuing short-term interests. The community should also support these potential projects more, and exchanges should make rational decisions based on the real needs of the market. Only when the project owners, communities, and exchanges work together tacitly can the industry get back on track.
Worst-case scenarios and new opportunities
Even when the market is going through its darkest moments, it will bring new opportunities. After this storm, the protagonists may change, but the market will continue to operate. Every cleansing may give rise to new development opportunities, as long as the project owners, communities and exchanges can work together to promote the progress of the industry.
What should ordinary people do?
[No investment and financial advice, the cryptocurrency world is risky, so be careful when investing! ]
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