Let's talk about the valuation method of the currency circle
My conclusion is that only things without benchmarks are good things. Why are the prices of many new coins on the market almost the same as after they are launched?
Because there are benchmark assets, for example, when STRK is launched, the market and FDV of ARB and OP can be used for benchmarking, and when ZK is launched, STRK can be used for benchmarking.
For example, the market value of TIA, which is known as the latest modular blockchain leader, is only a few billion at most, because it can still be benchmarked. How to play is also one of many expansion plans.
You will find that technology and data are getting more and more powerful and more beautiful, but the market value and valuation are getting lower and lower. ETH is not as good as BTC, but ETH is much better than BTC. SOL is not as good as ETH, but ETH's market value is much higher than SOL.
The core is that as long as you dare to say that I am surpassing and correcting someone, you will naturally have a tight ring on your head. Therefore, Cao Pi's value in the game can never exceed Cao Cao, but is Cao Pi really weaker than Cao Cao?
You will find that many people predict the engine of the next bull market, such as new DEFI, more fun GAMEFI, better prediction market, etc. If this is the case, the growth rate of the currency circle can only be lower and lower, and the narrative can only be more and more lacking.
Improved things are never interesting to the capital market. Only those that have never been seen, are brand new, imaginative, and have not yet verified their actual value are worth speculating.
So in this round, how many people have you heard of making a lot of money playing GAMEFI? How many people have made a lot of money playing DEFI? Only those who play Bitcoin ecology and MEME can make money.
In the currency circle, you must have capital thinking. There are many positive factors, but you must distinguish whether it is favored by capital and whether it is on the narrative point. Otherwise, you will become an old leeks who can neither make money nor lose money in minutes.
