The market is once again trapped in a lack of narrative, with funds competing among niche projects!

A lack of narrative can lead to "funds lacking a unified point of speculation".

Currently, the market lacks new narratives and can only speculate on memes from multiple angles. Memes have various sub-sectors, such as AI meme, Sotheby's meme, election meme, and zoo meme.

Narratives can be big or small. Big narratives include: the high gas fees of Eth in 2021, and the narrative at that time was whether L1 altcoins could solve this issue;

Facebook's rebranding to Meta sparked aspirations for the metaverse, leading to a surge in interest in the metaverse; the launch of ChatGPT brought the narrative that AI is changing human life to the forefront of the crypto space.

Smaller narratives revolve around Eth's technological upgrades, such as the Shanghai upgrade enabling staking ETH withdrawals from the beacon chain, leading to speculation in the LSD and LRT sectors; the Cancun upgrade reduced L2 gas fees, resulting in market speculation on L2.

Currently, there are no attractive targets in the blockchain + AI space, and the crypto world has no new direction in big narratives. The price of L2 coins in the Bitcoin ecosystem is on a downward trend, appearing to be a false proposition.

It seems we can only focus on future technological developments. The Pectra upgrade is scheduled for Q1 2025, during which the EIP - 7702 proposal will allow regular wallets to temporarily act as smart contract wallets during transactions, enabling batch processing of transactions and allowing third parties to pay gas with different tokens.

The Pectra upgrade is divided into two phases, with the first phase focusing on improvements such as account abstraction and validator upgrades.

Therefore, the "account abstraction" and "chain abstraction" sectors may see speculation in the future.

That's all for the text. I'm Lin Sen. If you like it, please give a thumbs up and support by following! #土狗 #AI爆发 #memecoin🚀🚀🚀 $NEIRO $DOGE $WIF