《Shanzhai Edition》

Shanzhai coins have gone through more than half a year of correction, and the Shanzhai season index has reached an annual high of 65, entering a relatively strong phase for shanzhai, but it has not yet entered a fully fervent shanzhai season. The theme of this bull market is driven by the macroeconomic environment, with no new technological innovations or hotspots in between, which feels a bit monotonous. Simply relying on meme coins is not the future of blockchain; it is just that the market lacks the effect of making money.

The theme of the bull market is overly dependent on the macro environment, causing the market to lose the intrinsic driving force brought by technological innovation. The market, lacking hotspots, has turned to speculative trading of meme coins, leading to the phenomenon of meme coins. This trend superficially creates a profit-making effect, but now the profit-making effect of memes is also beginning to decline, lacking long-term value support, leading to a deterioration in market health. In the future, some technically strong shanzhai coins like ETH and SOL may continue to attract funds. Projects without practical application scenarios will gradually be eliminated and delisted from the market due to a lack of long-term support.

Currently, the trend of capital rotation indicates that there is still a lot of room in the shanzhai coin market. The sustainability of a comprehensive bull market for shanzhai coins requires new technological innovations and clear application scenarios to support it, especially projects based on the existing technology ecosystem. From a long-term perspective, the sustainability of the market relies on innovation at the technological and application levels. If a clear value logic cannot be formed in the future, this monotonous bull market may be difficult to sustain, ultimately needing to return to value. Personally, I am currently optimistic about the RWA sector, and I believe that the segment with $ondo $TRU will be a clearer direction for the bull market. I will provide a detailed article on this later, so please follow me to stay updated~