0xSunNFT

Thank you crypto!

This wave of market reminds me a lot of last year's March and April, when BTC broke through a new high of 73k in mid-March, then retraced to 60k, and returned to 72k in early April. However, many altcoins entered a long-term downtrend after peaking at the end of March. Currently, it seems that many altcoins peaked between May 10-15; even if BTC reached a new high on May 22, most altcoins did not return to their highs.

In the last wave, the strongest WIF increased more than tenfold in a month, and the relatively strong coins in this wave have shown similar performance from their lows, for example, Moodeng 17 times, Fartcoin 8 times, Virtual 6 times, and many small to mid-cap altcoins also had increases of 2-5 times. However, from the sentiment on Twitter, everyone is still eagerly awaiting the altcoin season.

The reason for this is probably still due to the disconnect between BTC and altcoin performances. The altcoin season that everyone is looking forward to may be initiated by a clear signal of Bitcoin reaching new highs, but the reality is that most altcoins had already completed their increases before Bitcoin's new high, and what remains is just a continuous decline amid Bitcoin's ongoing fluctuations.

In the past three months, aside from the short-selling frenzy from early February to early April, overall it has been in a semi-rest state. I haven't been deliberately staring at the blockchain, and I have made very few moves. However, I still check the popular coins of the day to understand the market trends.

The accuracy of my purchases during this period has been quite high, but because I didn't put too much thought into it, I missed some opportunities. This post is a simple review of the coins that left an impression on me.

Coins I bought:
$Ghibli: The Ghibli-style images that exploded in popularity after the launch of Chatgpt-4o went viral on Twitter and WeChat Moments. At that time, the blockchain was also quite dull, and such a hot event usually has a few days of continuity for the meme with the same name.

$Gork: A sarcastic version of Grok. Early clues like the four-letter handle, shared interest from XAI employees, and high-frequency tweeting without restriction from Twitter basically indicate that it is an AI project with official backing. Thus, I am not worried that this Twitter account will release coins to exploit, and given its easily spread sharp style, there is a high probability of interaction from Musk. The meme coin with the same name is a relatively certain opportunity.

$Supfriend: After the Clout platform rebranded to Believe, it was one of the projects heavily promoted in the early stages. I bought some when it dropped to 500k. At that time, $Dupe also dropped below 1M, but I chose Sup due to a preference for AI and didn't take the time to research thoroughly. Later, the price increase was nowhere near that of Dupe and the platform coin, which is quite unfortunate.

$Startup: A meme that fits my taste, launched on the Believe platform, which emphasizes products and practical uses, full of irony. Like $Fartcoin and $Useless, it belongs to the category of crypto nihilism, and since it was heavily promoted by Him, it saw a second wave of growth.

Missed opportunities:
$RFC: From a Twitter account that Musk often interacts with, used to mock and spread 'stupid' clips. The reason I didn't buy is that I mistakenly thought it was just a Web2 account with many followers but low quality, not realizing Musk's frequent interactions.

$House/$Titcoin: Both belong to Culture Memecoin. Projects of this type tend to grow slowly with the community's expansion, and this has never been my strong suit, so missing it is normal.

$Launchcoin: This is a topic I am more skilled in, but the first project, Clout's token and product performance were very poor, so I selectively ignored it.

$Useless: This is a type of meme I quite like. Bonkguy is someone I have known for a long time and followed back. I understand his capabilities well, but the reason I didn't buy is that the early logo of this coin was directly modified from Bonkguy's avatar, which made me feel it had too much personal color, which is quite unfortunate.

Some large truck presales: I didn't participate in any and don't feel regretful. Most of them either lost money or broke the initial offering. The only one worth mentioning is IBRL; I saw Toly retweet it and then delete it, plus the project team repeatedly emphasized that the first coin was just a test, so I didn't pay attention to it anymore. If considering the project team's background, it might be appropriate to invest a bit in a low market cap situation.

Overall, there are still some good opportunities on the blockchain recently, but the overall liquidity cannot be compared to last year's AI boom before Trump's coin launch. To play well on the blockchain, one still needs to invest time and effort; otherwise, it is difficult to gain a cost advantage and make accurate analyses considering various factors.