Today is May 29, 2024, Wednesday. BTC fell yesterday due to the unusual movement of the Mentougou compensation wallet. After a day of retracement, it received obvious support near 67,300 yesterday. I personally think that the market will continue to consolidate for a period of time before the second wave of relatively large market will start. After all, the more fully adjusted, the smoother it will be when it rises. The current adjustment time is not long. After all, it has only been a month since BTC was halved. In the short term, I personally think that opportunities will focus more on cottages. After all, many cottages have performed well recently. Of course, one thing to note is that you should not look at many cottages that have risen more, but there are not many who can really eat the increase, because most of the market may be buy the dips and are still halfway up the mountain. What we need to do now is to keep the chips in our hands, don’t change positions at will, and don’t wait for the currency in your hand to rise, but your chips are no longer on the car! Overall, the market continues to see shock consolidation in the short term. After all, many currencies have risen more recently, so you can pay attention to the rotation of funds!
These few large MC memecoin shared here may come out a hundred times more
This round of bull market in the crypto will be a bull market for On-Chain meme. The hot tracks can rotate very quickly. Today, L2 is still being hyped, sometimes modular blockchain, sometimes fan coins and sports coins. If you are not careful, you will be trapped. However, the On-Chain meme memecion track is the only track that will run through the entire bull market.
The leading local on-chain meme in the BTC ecosystem before was Ordi Sats. In the short term, I personally believe that there will be no new expectations for BRC20, so Rune can only take over the baton. Otherwise, it is unreasonable that Rune has been brewing for so long without a bull wave.
As for Rune Protocol, there are currently only three possible on-chain meme that can emerge, DOG, X and runescion. Judging from the market value, DOG is currently the leader, so in the BTC ecosystem, we have to choose one of these that has the potential to become the leader. If one can emerge as the leader, it may have a super multiple of less than 50 times.
The leaders of the Ethereum chain, currently doge and shib are considered the leaders of the last bull market. This round, a new king of local on-chain meme in the Ethereum ecosystem will emerge, most likely pepe, then floki, toad TURBO or people.
Next are the sol chain, bome and wif, which have already spread out of the circle. These two are considered the current leaders.
How to configure the callback? Choose a chain from here. I personally think that there are still opportunities in the meme track in the future, so I will share with you some principles for playing memes to get big results.
1. Build positions by investing in batches, don’t wait to buy the dips
We need to know the characteristics of on-chain meme . On-Chain meme in the crypto are a magnifying glass of market sentiment. When it rises, it can soar to the sky, and when it falls, it can step on the bottom or even smash through the floor. If you want to wait for a certain position to buy the dips, there are only two results, either you can't catch it, or you buy it halfway up the mountain. Therefore, if you want to play on-chain meme, I personally think the best way is to build positions in batches. If you can build positions in batches and go all All In at any time, you can beat 99% of people in the crypto just in terms of mentality!
2. Hold on to the middle and late stages of the bull market
Many people may have made money on On-Chain meme, but they may have run away after making a few dozen points, and then judged the thigh. I think most people who play On-Chain meme think that this thing has no value, and the best way is to run away as soon as possible. Little do they know that valuable coins in the crypto are not easy to rise, because the chip distribution is obviously unfair. In other words, the low-cost or even zero-cost chips are in the hands of the dealer, waiting for retail investors to take over so that the dealer can ship them out. How can we retail investors afford to play this?
But it is different on-chain meme, which is fully circulated and has a fair distribution of chips, so it will be easier to promote. So as long as you can hold on to the bull market or the middle and late stages of the bull market, your returns will basically outperform BTC and Ethereum. Of course, pay attention to the title, I am talking about the middle and late stages. The so-called middle and late stages can be seen as the moment when BTC breaks through the previous high and doubles. At this time, you must retreat anyway, otherwise you may have to return to where you came from.
3. Once you start selling, you should sell it gradually. Don’t chase the price increase after selling.
It is a very normal thing for on-chain meme to sell at a high price. If you don't sell at a high price, you may not be able to get out. No matter you make a few dozen points or several times the profit, you should not chase it anymore, because once you chase it, there is a high probability that the profit will be vomited out, and even the principal will be trapped, and it may return to zero...
If you can't help but short your position and feel uncomfortable holding the profits, please remember that only the BTC is your destination. It's okay to be trapped for a few years, it will always come back, but on-chain meme will not, the next round will be a new love.
In short, follow the three principles mentioned above, and basically the results will be good! I hope to help more partners eat the big meat of this round of crypto On-Chain meme Da Niu meme On-Chain meme track.
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