Now many people blame the failure of the cottage to rise because there is no interest rate cut, no liquidity, so they are looking forward to the Federal Reserve's dragon lord raising his noble hand to rain from the sky, but I think that even if the interest rate is cut, the cottage will not have any decent improvement. Now many people who are looking forward to interest rate cuts are path dependent on 21 years, and the 21-year global epic release is an important factor in the bull market, but more importantly, there are a lot of innovations in the currency circle, as well as the high belief in the so-called Web3 in all walks of life around the world.
Is there a relationship between the recent bull market in crypto stocks and interest rate cuts? It's not because of the scarcity of the target, why many people in the currency circle estimate the market value of Circle is ridiculously low, and finally opened four times and was shocked, not because the entire U.S. stock stablecoin concept can be bought in Circle, and the stablecoin in the currency circle, you can't say you can't buy it, you can't count it.
So now even if the water is released, where is the cistern? On BTC, at most some outflow to ETH and SOL, as for copycats? "Fuck, it's finally time to release the water, hurry up and issue coins!"
I have always felt that the dilemma of altcoins is not a liquidity problem, but that there are indeed few people who still believe in the "story" of leeks that can survive until now, even if the control rate is 99%, the fundamentals are not good, spend money to engage in mindshare, how to shout up by mouth, how to come down, and the buying orders brought by publicity may not be enough to cover the cost. But looking at Aave and Hyperliquid, these two hard ones are like they are still in a copycat bull market. This is quite similar to the US stock market, no matter how abundant the liquidity of the large market is, it will rarely flow to small and mid-cap stocks.
In the last round of VCs, they first looked at the project party's TO exchange ability, but even if they were lucky in this round, these projects really did not have the ability to hold the price.
It's good, whether it's a first-level VC or a second-level leek, they all have to return to the judgement of fundamentals in the end, and three things are indispensable:
1. Whether the product or service creates value for users
2. Whether there is revenue generation and growth
3. Whether the token can capture these revenue generation
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