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In the past, when $ETH rose, it would trigger a round of rotation in the Ethereum ecosystem, with MEME coins, DeFi blue-chip layer2, Non-Fungible Token, GameFi, and narratives such as ZK and modularization taking turns to start, truly a hundred flowers blooming;
Now that $ETH is taking off again, the market has completely changed its flavor. People are no longer focusing on Ethereum's native ecosystem innovation, but instead seeking TradiFi stocks with encapsulated ETH assets, and even disregarding the underlying nature of these institution/company tokens disguised as stocks.
Alright, BTC has repeatedly hit new highs, and ETH is also poised to break new ground, but will that long-missed native crypto meme market return? Does the new round of RWA integration led by traditional finance really have more opportunities than traps? Is the crypto retail market we're familiar with - full of wildness, innovation, opportunities, volatility, and imagination - still here?
The copycat season will come. It’s late but it’s here.
Late but Arrived
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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