People always say to follow the hot money, which is true, but only those who can survive round after round of hot money are the winners.
As far as the Bitcoin ecosystem is concerned, more than half of the various small inscription communities and small protocol communities that were pushed every day and had KOLs calling for orders everywhere in the past few months have disappeared.

Many protocols appeared at the same time as Atomicals, and there were also several that were said to be strong competitors of Atomicals. I won’t mention their names. What about now? Many so-called “competitors” have completely dried up their liquidity. That is the kind of real drying up that is beyond redemption.

Atomicals ecosystem can survive, or we are willing to stick to the construction and have confidence in it, because there is a big reason: when the so-called "inscription" and "Bitcoin ecosystem" were generally deserted, we saw OKX and Binance Wallet support the Atomicals protocol and open the ARC20 exclusive market section from February to April (even in the trough of the ecosystem), which is really of great significance.

In the past, when we talked about "listing on an exchange", we said that the exchange would choose to list a coin. Only if this coin can make money for the old users of the exchange and is of great help to the coin itself after listing, can it be said that the exchange has done it right and users will have more confidence in the exchange.

The same is true for OKX and Binance's Web3 wallets. If the ecosystem comes to an end after ARC20 is launched, it will be a mistake made by two top exchanges at the same time. Is it possible? In the past few years, such a thing is unlikely. When the top institutions jointly support an extremely small ecosystem, the total market value of all tokens and projects in the entire ecosystem is less than 200 million, and it can even be easily surpassed by a new coin issued on runes for one day. The market value of the entire ecosystem, how can it not be supported?

It does not include those that have not yet been launched, or those that are "supported" but do not have independent market function sections.
OKX Wallet has now only developed markets for three protocol ecosystems in the entire Bitcoin ecosystem, Ordinals (tokens + NFTs), Atomicals (tokens + NFTs), and Runes.
Binance Wallet has now only developed markets for two token standards in the entire Bitcoin ecosystem, Ordinals (BRC20 tokens) and Atomicals (ARC20 tokens).

Sedimentation, this is sedimentation.
If, after a wave of hype, an ecosystem loses its internal community and external supporters, then it is not settling down, but rather it has ended. However, if, after a wave of hype, the internal community of an ecosystem continues to persist in building, and external supporters gradually gain strength, then it is truly settling down.

The second half of this bull market will definitely involve the Bitcoin ecosystem. So what should we choose within the Bitcoin ecosystem? It’s actually quite obvious.

“Too big to fail” is the current status of the protocol that I have always emphasized. Atomicals have been accepted by the mainstream, but it just needs to go through different periods and play different narratives to spread to the public and the entire Web3.
Ecosystem is ecosystem because of infinite possibilities. I have no worries about the future of Atomicals. If AVM comes out, it will be a huge icing on the cake, but before that, what is wrong with Atomicals?

It is still a bull market, and the hot money in the bull market is in the billions. Before the hot money comes, a 50% up or down is called sideways trading.
In the last wave of craze, there were so many coins that increased by hundreds or thousands of times, and no one complained that the prices were too high; as long as the bull market continues, the next wave will only be hotter.

What stage is it now?
From consensus to value, and then develop new consensus; from hot money to sedimentation, and then attract new hot money.

The priority is to survive, and then wait for a spark that ignites the market.

#Atomicals #arc20 #quark #atomarc

(Originally written by Leaper from Quark Community on 2024.04.21)