💥 On-chain emotional analysis: Fast and furious, zero-sum game
The 'entertainment attribute' of meme coins is evolving into PvP-style speculation:
On the on-chain 'Dogecoin Selection' Moonshot platform, I have compiled the 10 recently launched tokens—average daily drop of 21.41%, average weekly drop of 55.7%. If you dare to take the risk, you will be rewarded.
I believe there are two major problems with current on-chain memes:
1️⃣ As soon as a FOMO hotspot emerges, there is a sell signal, like the $TRUMP personally tweeted by the president. After a short-term surge, funds quickly retreated, dropping 70% from the peak; after $Vine connected with major exchanges, it was all about selling, with endless orders and endless supplies.
2️⃣ Market value segmentation is severe; Moonshot's projects have averaged a nearly 60% drawdown, and the other on-chain projects are even worse. You might come back from the bathroom to find your investment has gone to zero; the on-chain environment has become a complete emotional meat grinder, and without a point of FOMO, it's just a straight path to zero.
💊 The 'wealth effect' on-chain has now weakened drastically, and a grand narrative is urgently needed to revive everyone's emotions; otherwise, the bull market of Bitcoin will be completely unrelated to retail investors.
📈 Unless you are an experienced player, the recent advice for operations is to watch more and buy less, waiting for a big narrative to stir up the on-chain excitement. Personally, I choose to continue waiting for $pain.
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