After each big drop, the iron curtain falls as the old and the new take over. At the same time, it is the beginning of another project where "the young are all brilliant". What we need to do is to take investment seriously and select carefully.
In fact, the rhythm is the same every time, but the protagonist changes: some projects basically ended their bull market journey before 519 in 2021, and a lot of time was spent on returning to the previous high, such as DeFi/DOGE\BNB/DOT/MATIC represented by UNI, etc.
Some projects are still as strong as ever after 519, and have gone on a long wave, which is 5-10X the high before 519. They did not peak until December 21, such as SOL/LUNA/SHIB/AXS/SAND, etc. So, from a personal perspective, what are you observing after this big drop?
1/ $SOL and its ecology, there is not much to say, you can never wake up someone who pretends to be asleep
2/ $SAGA and its ecology, modular L1, with its own ecological Buff, importing customers still faces challenges, let's see when the critical point will come
3/ SUI and its ecosystem, the technology is beyond doubt, MOVE and other L1, face severe difficulties in attracting customers, the long-term DAU is 2-5W, and the gap is getting bigger and bigger compared with SOL/BNB DAU 1 million, and new things and new brands are far less attractive to ordinary users than expected. Don't live on Twitter, live on the fundamentals of the project, sometimes you feel so hot, maybe it's just that there are more topics in your group/in your village, check the chain data, thousands of people around the world are playing, just playing house
4/ Clob order book. AMM's mission has been completed. High-scalability L1 requires better adaptability DEX, and the competition is fierce. UNI's V5 also seems to have an order book. Which one of Drift/Hyperliquid/RabbitX will come out? Does dual-token Purr have a chance?
5/ What will SocialFi become? $Friend /Fantasy/ What kind of crypto-native experience will DistrictOne bring? How to expand scale and retention is what SocialFi needs to explore further
6/ Will new AI projects have opportunities? When will they generate positive revenue? $NMT $DEAI $NOS We have seen that the US stock market is harsh and picky about the performance of AI companies, and will also give great rewards for real performance. Crypto AI will also have revenue. The question is how to expand the scale and build a moat
7/ RWA is indeed one of the PMF paths. You should stand up straight when you are beaten. I don’t quite understand how to select them. It requires collective wisdom$MKR $RIO
8/ MEME You thought the MEME you bought was rising all the way, but in fact it was extremely bumpy. You only saw the result and ignored the torture of the holding process (the tormenting $STAN/ $MONK / $GIGA ). Recently, it was quite interesting to see the dispute between the community cat representative $POPCAT/ $MICHI and the VC cat during the Elvis King competition. At present, the pure community MEME has won, and the anti-VC trend has blown to MEME.
