I just don't understand, what does the increase in tariffs by the United States have to do with the cryptocurrency market? The cryptocurrency market has been following the rise and fall of the US stock market, what is it really after? $ETH
$SOL is done, too tired, one moment it's news from South Korea, the next it's Trump raising tariffs, and the MicroStrategy CEO is calling for orders every day. I can't see the future, and I have no confidence in trading, the whales have withdrawn.
The big pancake can only rely on Wall Street, young people can't afford the big pancake
加密白丁
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Based on this, the altcoin season can't possibly come.
On March 26, the blockchain storage protocol Walrus of the Sui ecosystem completed a $140 million financing round, led by Standard Crypto, with participation from A16Z and Franklin Templeton, selling the token $WAL, with a total valuation of $2 billion. This valuation is comparable to the Sui public blockchain, but why should a sub-protocol be worth this price? To be honest, I am somewhat tired of new projects this year being valued in the billions or even hundreds of billions. With such valuations, the altcoin season can't possibly come; let me simply share my views:
The mismatch between the value and valuation of these projects stems from the 'concept cycle' in the crypto world: innovative concepts attract incremental funds, over-investment in technology drives up valuations, and when bubbles burst, funds become stagnant. New concepts like ICOs, DeFi, NFTs, etc., innovate profit-sharing mechanisms, bringing in fresh liquidity.