Author: Blockchain Says
1. MEME itself relies on everyone’s emotions. If you value the ecology, what is the difference between it and altcoins?
Valuing a token based on emotions versus based on ecology reflects two different value judgments:
Emotional value can only bring short-term effects, while ecological development can generate long-term effects.
There are very few emotional values in the world that can last long and continue.
Bitcoin is considered to have the strongest emotional value and the largest consensus in the entire crypto ecosystem. However, it has gone through countless brutal bear markets and crashes from scratch to where it is today, not always advancing smoothly.
Projects like Bitcoin, which rely on strong core values and unique narrative backgrounds, can continuously generate emotional value, build consensus, and reach new highs from the bottom countless times, which are rare in the entire crypto ecosystem.
Such projects do not need an ecosystem to survive.
But what about other tokens?
For the vast majority, without an ecosystem, relying solely on emotions will likely only last as long as the emotions can sustain and have an effect.
How long short-term emotions can last, how strong of an effect they can have, and how high they can push the token price, are not things I can judge.
So when I look at MEME coin, if I only see emotional value in it and not see any ecological development, then my participation in it will be just treating it as a game, experiencing the community atmosphere and the value resonance, like **, estimating the price based on my feelings and leaving once it reaches a certain height, without getting attached. I won’t care too much about gains or losses, let alone holding a large position.
However, if I see a strong team leading MEME, continuously driving its development and promoting its ecosystem, then I will seriously consider its future prospects and potential, consider long-term holding, rather than frequent buying and selling due to short-term price fluctuations.
2. Is there a chance for altcoins to rise again?
If by “altcoins” you mean coins other than Bitcoin and Ethereum, I think it depends on how these projects are developing.
If the project is making progress and being built upon, even if the token’s empowerment is slightly lacking, I think there is still a chance for them to rise again – at least the price will be higher than it is now. Many DeFi projects that have been continuously developed fall into this category.
But if a project has not been updated or progressed for a long time, then the future of their tokens is very dangerous.
3. How about the tokens ZETA and CEL?
I don’t know much about the CEL token. As for the ZETA (ZetaChain) token, I have shared my opinion on it in previous articles: I think it’s average.
However, recently I came across several articles explaining chain abstraction that mentioned ZetaChain, along with another chain: Particle Network.
Both ZetaChain and Particle Network are projects in the field of chain abstraction.
Chain abstraction aims to solve issues related to user experience, greatly improving the convenience of users using blockchain, allowing them to operate on various blockchains on a unified interface without switching between different chains.
Comparing ZetaChain and Particle Network from the perspective of chain abstraction, I prefer Particle Network: it focuses on solving the problem of chain abstraction in the Ethereum ecosystem, especially in various second-layer extensions. This is not only an urgent problem that the Ethereum ecosystem needs to solve now but also a problem that Ethereum must solve in order to reach the general public in the future.
This problem is relatively easy to solve technically and can have quicker results.
On the other hand, projects dedicated to solving the main chain abstraction problems of various blockchains may face greater technical difficulties and their effectiveness may be relatively average.
So when I see Zeta, I think of Particle Network.
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