The Tragedy of the Crypto Market: Why Only 'Meme Coins' Can Make Money This Year?

1. The Difficulty of Making Money

This year, the difficulty of making money is arguably the worst I've seen in nearly 10 years of being in the industry.

2. Comparison of Opportunities from Previous Years

In previous years, even in a poor market, there were still plenty of opportunities on-chain or in the secondary market. Take the two major bear markets of 2019 and 2022 as examples; opportunities to make money were not scarce.

3. The Strange Phenomenon of This Year

However, this year, it seems that the only projects making money are memes.

4. Doubts About Memes

Don't people realize? 99.99% of memes will eventually go to zero; they are essentially worthless.

5. A Reluctant Choice

But the reality is, only these seemingly worthless coins have the potential to rise, even to the point of increasing a hundredfold. In contrast, the secondary market offers few opportunities to make money, with almost all projects incurring losses. People are truly left with no choice; if they want to make money, the only way seems to be purchasing these “junk coins” that could go to zero at any time, while value investing has turned into a futile endeavor. It can truly be said that “putting everything on memes to live in a palace” is quite lamentable.

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