The higher you go, the stronger the wind. I don't know how it is, but on the chart, it indicates an upward trend, but there are hidden reversals in there, guys. It’s probably because I'm scared, so I see it like that 😌. The spot has been weak, doubled without locking in, and now I'm in the red again. Yet it keeps rising steadily.
It’s also easy to understand. The alt market is now too diluted. Hundreds, even several hundred billion coins are flooding the market, market cap diluted, and new investors are fixated on a few meme coins and Bitcoin. Therefore, Bitcoin rises while the coins you hold still lag behind. It’s quite frustrating.
Honestly, finding a real, high-quality user ecosystem like Sol is very difficult now. I’ve had a brief experience with Sol, and it’s alright. The goods haven't been touched yet, but from what I've seen in reviews, it’s also decent. Sol is opening up very strongly. Recently, it stood out in the web3 space. There were even representatives from Sol visiting universities (HUST - Hanoi University of Science and Technology) to promote this. Through this, I see that Sol is truly spreading and creating value for the community. I haven’t tried the other ecosystems like Sui, Op, Arb, but they seem quite difficult to approach outside of the FOMO news for unloading coins.
This article is not intended to promote any coin, just sharing personal thoughts.
So currently, holding to die can be considered foolish (ETH and BTC are acceptable for now). You see, Om cap was once 8 billion, now it’s only 200 million, ZKJ, KOGE... are dumping horrifically. The concept of top coins with large market caps is no longer accurate, guys.
Now in my mind, there are only two things - 1 FOMO trend, and 2 a real ecosystem, to have a vision and step firmly into the future. It’s very difficult.
If you have any suggestions, I’m always ready to listen.