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[Market Signals Brought by BRC20 MEME Coin]
From $AIDOG , $SHIBAI the continuous rise of several MEME coins, to the current stage of $PEPE , $ORDI and other BRC20 dogs The token is hot, the local dog of the currency circle The cycle is coming again. Although Dogecoin is not a good long-term target for long-term stable investors, with high risks and short duration, it is still necessary to understand the meaning behind it. The rise of Dogecoin may be just a signal! twitter.com/BTW0205/status/165...
📢The short-term popularity effect of Bitcoin narrative is obvious, BTC NFT scored twice
1⃣BRC20 has upgraded Dogecoin. Although BRC20 can only issue MEME coins and there is no contract application construction, to some extent it can prevent risks such as Rug Pull and bravery. The moment players enter, they will directly start the secondary market In the game, you only need to consider the risks on the board, helping players save a layer of security screening process
2⃣Dogecoin does not have a narrative supported by technology. Compared with tokens that rely entirely on community consensus and market enthusiasm to hype, the degree of decentralization is higher. For example, Doge is a typical case. The secondary market is fairer for players
3⃣BRC20 connects the narrative of Ordinals. BTC inscription NFT is easy to cause consensus and is more decentralized. Although BRC20 tokens are hyped as homogeneous MEME coins, they have brought great heat and traffic to the BTC ecology, at least many Everyone has started to use BTC wallets, which has a good foundation for the development of the future ecology
Although it has the above advantages, it does not mean that the BRC20 MEME coin is a long-term narrative worthy of investment. It is only based on the short-term wealth creation effect and lacks technical support. At present, it is only catching up with the lack of hot spots in the market and the need for liquidity. , after all, BTC NFT is also a plate of old wine in new bottles, and the ecological development of BTC still needs a long way to go
📢From the perspective of the currency circle industry, there is a serious shortage of industry narrative hotspots, and the technology application sector lacks upward momentum
1⃣The most direct way to arouse popularity in the currency circle is to convince people by rising, but this method will be used to attract funds and traffic without a good narrative. There is no technical support behind MEME currency, and it can only be achieved through ruthless rise and community consensus Hype, thinking back to SHIB in 21 years, the plot seems to be a bit similar, just wait until the MEME coin peaks
2⃣Taking ARB as an example, the original market narrative has lost momentum. If you want to maintain or increase the popularity of the ecology, MEME currency has become the best choice, and AIDOGE was born, which shows that the ecological development has encountered a bottleneck and it is difficult to innovate , if you are a local dog player, it is a good opportunity to invest in the first MEME coin of the ecology
3⃣Altcoins used in mainstream currencies and other sectors need to be positive and follow the trend, while Tugoucoin does not need a reason, only a consensus, especially in the absence of better innovations and new narratives, Tugoucoin is undoubtedly a very A good outlet for capital flow, but this is not sustainable, it is just a continuation with no practical effect, and the reality gap that may be faced after the epiphyllum passes will be even greater
Toucoin is a good opportunity for investors to make money in the short term. If you seize the opportunity, it may take off in a wave, but this wealth creation effect is very time-limited. The normal cycle indicates that the big market may peak. The scale of this Dougou craze Compared with 21 years, it is still far behind. Lao Ba still hopes that the market will usher in a big breakthrough this year, but even if it cannot be used as a reference for the peak cycle, it cannot ignore the industry problems that are reflected on the side, and be prepared for emergencies at any time
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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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