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To be honest, after being in the crypto for so long, this is the first time I've felt so pessimistic because I can't see any innovative or revolutionary things emerging. Back then, we had DeFi, GameFi, stablecoins, inscription, memes, and so on...
What innovations are possible in the future? Perhaps my imagination is lacking, or maybe the crypto has reached a bottleneck in recent years. After all, the crypto is essentially an accelerated version of real-world finance. (The remaining text appears to be a series of seemingly unrelated characters and symbols, possibly a corrupted file or a corrupted file.) The moment it came out, everything was shattered. Now it's just a casino and a trading platform. Even on Binance, some coins have 3M contracts. The newly listed Chinese cryptocurrencies only have a 7M market capitalization. I don't know how to evaluate all this; it's just heartbreaking. Many KOLs have probably lost hope in the crypto. Their Twitter feeds are almost entirely just promotional posts and reposts, or they've switched to the stock market. How to put it? They're all forced into this situation by the market. I can understand everyone; after all, survival is difficult enough. The current crypto is like a ship in the Arctic without rescue in a movie. If you don't eat people, someone else will. Either you quit, or you eat others. This ship doesn't know when it will break the ice. Perhaps if the market gets even colder, it really needs a break. Xiangzi thought until his death that he hadn't tried hard enough. All we can say is, hang in there, and hopefully things will get better.
The crypto has always had a casino atmosphere; GameFi, gacha, inscriptions, and memes are bubbles, not innovations; desperate KOLs are like locusts, just let them go.
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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