The popularity of domestic concept coins remains unabated. Is it a new market trend or a "beautiful trap"?
A breakout of domestic concept coins? Don't rush to conclusions!
Cryptocurrency blogger Jin Lian will discuss domestic concept coins. Recently, have you felt that domestic concept coins are on fire? Projects that were once looked down upon, such as CFX, FIL, and PHB, have surprisingly become popular. What’s going on?
First, let’s clarify what domestic concept coins are. They are essentially a list of tokens. Some projects are indeed developed by domestic teams, but many are not. However, as long as domestic players like to buy and discuss them, they fall into this category.
Looking back from 2023 to now, the cryptocurrency market has seen various concept narratives changing rapidly, one after another. Concepts like AI concept coins, ZK Rollup, LSD, liquidity staking, Bitcoin ecosystem, and Meme coins are mostly just fleeting trends that heat up for a while before cooling down.
But "domestic concept coins" are a bit different. Even though Western voices dominate Twitter, Chinese concept coins can still maintain attention and popularity. Take the domestic version of Ethereum, Conflux, which I will analyze in detail later. However, overall, the reason domestic concept coins can maintain interest is worth exploring.
Nevertheless, some people question whether domestic concept coins are just pure speculation. This can't be entirely dismissed, as speculation is prevalent in the cryptocurrency world.
However, we shouldn't generalize; some domestic concept coins might actually have solid technical and ecological support. From my own observation, some domestic projects have indeed put effort into technical development and community building. We can't dismiss the entire domestic concept coin sector just because of speculation in some projects.
Therefore, when it comes to domestic concept coins, we should not blindly follow trends, nor should we assume they are all speculation. We need to keep our eyes open, carefully research the specifics of each project, and then make judgments.
Blindly going solo will never bring opportunities. Follow Jin Lian to explore tenfold potential coins! Top-tier resources!
