It has been a long time since I have seen a low market value and then value discovery all the way to billions of FDV, such as the former $OHM. The most indispensable thing in the cryptocurrency circle is the myth of getting rich quickly. The three idiots have raised everyone's appetite too high over the years, and the landing has proved to be a big deal. No wonder the circle has been feeling low recently.
Why can it become a god? Because it is a brand-new way of distributing chips. Most people don't understand it. A few people understand it and enter it, and then work hard to provide value discovery, and finally win the unanimous fomo of retail investors in the East and the West.
When a chip distribution method is understood by the general public, it is basically at the end of the game, and most people basically can't make money, such as the recent studio's airdrop was reversed.
To be honest, the entry threshold of the studio is much lower than in previous years, and the information and tools in the market are relatively transparent. Everyone is rolling with each other, forcing some shameless project parties to PUA and choose concubines. To put it simply, it is just a market supply and demand relationship.
Is the era of hair-pulling completely over? Maybe it is not complete yet, and it can move forward a bit by inertia, but it is undoubtedly not suitable for newcomers to break in. It is inevitable that a large number of studios will go bankrupt in the future, just like the studios that were everywhere after Arb launched the airdrop, but 80% of them died in less than a year.
It's time to expect a new way of playing in the market
The former originator of Defi $YFI
The former originator of airdrops $UNI
The former originator of Gamefi $AXS
The former originator of sports distribution coins $GMT
The former originator of inscriptions $ORDI
Liquidity is difficult now, but do you really not want to buy coins or have no money to buy coins? The problem is that we haven't seen the interesting, potential and low-market-value targets like OHM. People just don't want to take over some greedy and shameless VC coins.
I personally think the next great project should meet the following conditions:
1. Relatively fair distribution (may not be understood or fully exposed by the public at the beginning)
2. Low initial market value (no more than 10 million FDV)
3. Story logic can be accepted by both the East and the West
