$ETH The bull market in the cryptocurrency circle, to put it bluntly, is driven by the money from outside the circle coming to "join in the fun". Take the ICO craze in 2017 and the NFT craze in 2021, for example. It was the influx of funds from outside the circle that "stirred up" the market. New users come in with money, and the market heats up. This is just like using an air pump to inflate a balloon. The more air, the bigger the balloon.

Speaking of this, we have to mention the CX (pyramid scheme/fission) model. Although many people in the circle sneer at it, this thing's ability to attract users from outside the circle is amazing. Take Pi Network for example. It relies on the trick of "zero-cost mining + social fission" to attract batches of users from outside the circle. Even if people in the circle think this is unreliable, it is undeniable that the traffic brought by this model is like a flood, surging.

In fact, the key to whether the market is active or not is whether the funds can be mobilized and whether new users can come in. This is also true in the traditional investment market. If there is no continuous entry of new users, the market will lose its growth momentum, just like an engine without oil, which can only stare blankly. Therefore, the entry of new users is the "fuel" of the market engine. Only with it can the market run.