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In the fast-paced cryptocurrency space, understanding the narrative is one of the keys to profiting. When a project starts to be discussed a lot, its price may rise rapidly; and when the topic becomes a hot topic among the public, its price may be close to its peak.
Analyzing data from Farcaster, an emerging decentralized social platform in the Web3 space, can help us better understand which projects and narratives are gaining traction and hopefully find the next market hotspot.
Well-known KOL Dan Zong (@CXO_no) commented at the end of April that the narrative of Farcaster/Base is not limited to memecoin, but also includes creator economy, AI, social and game play based on the Farcaster protocol, with a wide range of possibilities. He further predicted this week that Farcaster/Base will be more imaginative, waiting for a phenomenal "first project (the first project in the ecosystem that surprises you)".