The market entered the correction phase on April 1st, and by the end of this month, it will have been a full six months of adjustment. During these six months, I have been suffering just like everyone else and have been baptized by this market.
Back and forth, what is tested more is human nature, patience, and whether we can bear the torment brought by the wash! Many friends cut their losses and left the market in this process. There is no other way. Maybe most of them need to make a living, and not many people really use their spare funds to play.
BTC is now around 63,000 and ETH is now around 2,600. BTC is about 15% higher than its highest point of 73,777, and ETH is still about 35% higher than its highest point of 4,093.
Over the past week, the on-chain market of the ETH mainnet can no longer be described as simply "lively". Bao's interest rate cut has revived the already active on-chain market: there is a large MC memecoin every day, and on weekends there are two or three waves of market in a day. The mainnet Gas also soared to around 70Gwei at one point, and it was expensive to even breathe on the chain.
As for the recent on-chain market, it is more accurate to describe it as a “separatist melee”. The weekend, which is fleeting in the eyes of workers, is quite saturated for on-chain players.
However, as the market has evolved to the point where new concepts are clearly not enough to satisfy the enthusiasm for PVP, the Meme market has upgraded from “finding concepts” to “rolling angles”: as soon as a new hype concept appears, various tokens with the same name emerge like mushrooms after a rain, and all kinds of new, old, big and small self-consistent angles take turns to appear.
The rotation of various narratives has brought about a market value of tens of millions of yuan one after another, and various myths of getting rich quickly have also appeared one after another. However, in the on-chain market, there are stories of "getting rich quickly", and naturally there are also stories of "getting rich quickly".
Some so-called "narratives" that arise in an instant are often untenable. The fragile enthusiasm generated by a celebrity's words can also be extinguished immediately because of a single word.
However, this "fragility of narrative" was precisely exploited by the conspiracy group, who set traps for players one after another to manipulate human nature during this passionate weekend.
The circle is really sad now. Since the clean-up phase of more than half a year, people have become more and more disgusted with VC copycats with high market value, but there are always people in the MEME circle. It is really sad when a circle has only one narrative. Now the copycats really have no stories to tell.
This wave of market may be bigger than you think, and the opportunities to get rich quickly all start from on-chain meme.
Probably in the first half of last year, the more powerful institutions invested all their money in star projects in various tracks, only to find that the current market liquidity could not meet the requirements of these projects. So far this year, institutions have lost money, big investors have lost money, and retail investors have lost even more money.
Therefore, the exchange must choose to save itself. A few days ago, BN listed three on-chain meme at once, and the wind direction changed obviously. Because there is no money in the market, only opening contracts can increase the bubble. Without volatility and money, listing projects with large valuations is seeking death. Therefore, the simplest, most profitable and most easily spread method to activate the market was chosen, which is to list on-chain meme. When the remaining funds in the country saw it, the exchange began to change its thinking and stopped listing projects. So local on-chain meme became the best choice.
The market is really out of money, and needs the get-rich-quick effect to attract funds. The money in the circle cannot support the general rise of copycat products, because there are too many copycat products to buy. On-Chain meme has made a good MEME and has gone viral. Only when funds come in can the bull market of copycat products continue. So don’t hesitate, you must seize this wave of on-chain meme opportunities and strive to create a shib myth!
As for MEME in the secondary market, many coins have basically bottomed out, but they are still divided into strong and weak ones. PEPE, WIF, FLOKI, BOME, and MEME coins are recommended.
These coins have also experienced several deep wash-outs in the past six months, and the bottom is relatively clear at this stage. As long as the BTC continues to rise, these coins can be bought in batches on dips. I believe they will reach new highs, and there is at least a 5-fold room for growth.
The wealth-creating effect on the chain is indeed greater than that of the secondary market, but the risks are also much greater. Individuals hardly play in this field because it is quite different from their own investment style and is suitable for small funds to gain big returns.
The bandwagon effect in this sector is very obvious, and it requires long-term investment of time and energy to grasp the trends and hot spots at the first time. Otherwise, when people on Twitter and in groups start to FOMO, it is often the time for liquidity.
Friends can pay more attention to the popular coins on the chain. There are indeed myths of making wealth hundreds or thousands of times, but from the moment you enter the market, you must also be mentally prepared to return to zero. The bigger the storm, the more expensive the fish.
To make money when the market is good, no matter how many times you want to make, you must invest in it. Only then can you have a better mentality for profit. Otherwise, your mentality will collapse when there is a pullback, especially when MEME fluctuates too much.
(I plan to ambush some low-market-cap coins with good news in the near future to help everyone recover. The current market situation is not stable. I will take 30% in the short term. The next password will be announced soon!!)
Number of people: Temporarily limited to 50 people, mainly spot goods
This is the end of the article. I will do a more detailed analysis in the communication group. If you want to join my circle, please contact me directly through the WeChat below!
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