Are retail investors still willing to believe the narrative? There are so many sectors in crypto now:
Defi
Memes
AI
L1/L2
RWA/Stables/Tokenization
NFT
Gaming
DePIN
DeFAI
AI Agents
BTC Ecosystem/BTCfi
Every institution is optimistic about 1. Stablecoins 2. RWA 3. AI
But the only sectors that can provide wealth effects and high speculative opportunities for retail investors are 1. MEME 2. Gamefi NFT 3. A few L1s,
The wealth effects of other sectors might not have much to do with retail investors.