The narrative hype in the crypto space is increasingly resembling a mirror of the stock market. It's difficult for copycat narratives to play out. Today, another meme from labubu has emerged, which is a reflection of Pop Mart, and a bunch of influencers are advertising this coin looking for someone to take over. The KOL economy might take a short break; even strong KOLs like Brother Sun are starting to transition into doing real work. On the contrary, some genuine scam projects are transitioning towards the KOL direction, and you should know what they are thinking.
However, thinking about it, the world economy is still largely homogenous. During the pandemic, the gaming concept was incredibly hot, and it might be hard to replicate that in gaming history. During that time, the crypto space synchronously introduced metaverse, gamefi, and defi to complement it, benefiting quite a few people. Similarly, gamefi is unlikely to regain that level of attention and fervor.
In connection with traditional industries, currently, we can only see the concepts of BTC, US Treasury bonds, and US dollar stablecoins. These two are actually two extremes: BTC is extremely decentralized, while the US dollar and US Treasury bonds are absolutely centralized.
If altcoins want to position themselves, they should still choose targets that are highly correlated with the US dollar and stablecoins.
