The Road to Riches in a Shanzhai
Phase 1: Market bottoms out (late last year to a few months ago)
BTC finally began to rise continuously when retail investors expected it to fall even lower. Excellent top copycats ran out multiples, and hot money quickly switched among various narratives.
Phase Two: The Market Grows in Doubt (Now)
BTC finally broke through the consolidation area, the air force was continuously purged, low-market value and low-liquidity copycats were quickly pulled up, on-chain transactions showed a lot of profit opportunities, and projects with promising fundamentals were sought after
Stage 3: The market begins to experience FOMO (a few weeks to months later)
BTC broke through the market's psychological price of $50,000, and the counterfeits were sucked into stagflation or even fell back. BTC continued to break through the previous high at a pace beyond people's imagination. Then the funds flowed back to the copycats again, and the increase in ETH led many copycats to skyrocket. The market is extremely optimistic about head projects with certain types of narratives, projects with excellent token design, strong flywheel effect and skyrocketing data on the chain have the most exaggerated gains.
Phase 4: Market Climax (sometime in 2025)
The aunts who sell vegetables are recommending coins to you, and everyone is crazy about the good opportunities in the currency circle. A large amount of money begins to flow into MEME projects with simple logic and low-quality projects with extreme marketing. Cherish this stage, which lasts very briefly. This is also the best time for you to sell fake goods.
Stage Five: Market Crash
Wealth is transferred again, and blockchain is considered a scam
