I think the next bull market will definitely not be as crazy as 2021; the logic behind it is particularly stark.
Back in 2021, the entire cryptocurrency space was like a kindergarten, with projects that could be counted on your fingers. As soon as market enthusiasm picked up, no matter if your project was good or bad, they all soared. Now? Just Solana alone sees over 70,000 meme coins popping up daily; this isn’t development at all—it’s like throwing bombs into a cesspool!
Now there are still people shouting, "XRP is going to hit $100," which is infuriating to hear. Although I admit XRP does have its merits: the application scenarios for cross-border payments are not just talk, and they have deep connections with banks and governments, and they have recently won a few lawsuits. But the market environment has completely changed!
Now, retail investors are essentially panning for gold in a cesspool: everywhere you look, it's copy-pasted junk coins, and new retail investors are being misled by meme coins like Dogecoin, while legitimate projects are buried under a pile of memes. What’s even more disgusting is that the cycles of skyrocketing and plummeting are getting shorter and shorter; a project that surged 50% yesterday can get a knee-jerk reaction today.
So my conclusion is very simple and blunt: the next bull market will definitely be a process of sifting through the sand. Teams that only know how to copy code and issue air coins will surely reveal their true colors, and those that survive must meet three conditions: they can withstand the bombardment of massive junk information, have real-world applications, and are not scammers trying to fleece money and run away.
Just like XRP, at least they are genuinely helping banks with cross-border transfers; projects like this are worth holding onto for the long term. As for those 70,000 daily disposable meme coins? Let them go back where they came from! If we, as cryptocurrency traders, lack even this basic judgment, we deserve to be taken advantage of.
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