There is less and less fun in altcoins
(1) Let’s take a look at memes
The major public chains are following the old path of Sol. Tron and BSC launched the meme market before, and now Sui is vigorously developing the meme market.
Do you public chains that imitate Sol have the strength to do so? Before Sol launched meme, there were many well-known projects in its ecosystem (Jup, Pyth, Helium, etc.), but for Sui, except for Cetus and Scallop, I can’t think of any for the time being.
The popularity of memes on Sol is based on its complete ecosystem, while other public chains currently just want to artificially create memes with high market value to attract new users.
But it doesn’t matter. As long as the price goes up, we can embrace it.
(2) Let’s take a look at altcoins
There is even less to say about altcoins. Now that China and the United States are jointly releasing water, the Chinese stock market has rebounded strongly, and the US stock market continues to hit new highs. The stock markets of both countries will suck the funds of altcoins.
After all, more funds will overflow into the cryptocurrency market only when the wealth effect of the stock market is insufficient. With the current crazy situation of A-shares, altcoins will definitely be sucked dry for a while.
As for Bitcoin, it will be an eternal bull market, following the long bull and short bear of the US stock market.
