Title: Exploring the Crypto Landscape: Rune, SATS, MEME, and More
1. My Top Picks for the Crypto Market
I maintain a neutral stance towards all cryptocurrencies and do not recommend buying any particular ones. Personally, I have only held onto airdropped tokens without selling them.
A reader asked about the positive impact of Magiceden supporting token trading. However, I believe that such positives have a minimal effect and can be easily overlooked. In a situation where the overall logic is filled with uncertainties, minor advantages are unlikely to be the main driver of asset growth.
If I had to buy any “altcoin” assets at this stage, I would perhaps consider ORD. However, if its price exceeds $50, I would not even consider buying it.
2. Insights on SATS
While this coin has decent fundamentals, I believe that compared to ORD, it carries higher risks. In situations with multiple uncertainties, ORD would be my first consideration.
3. The MEME Sector: Is It Worth It?
I still maintain that for any project to achieve long-term, sustainable, and stable development, relying solely on emotional value is not enough. A strong team and a consensus-driven community are essential.
The MEME sector is no exception.
Recently, the MEME sector has exhibited an interesting phenomenon: it often moves against the mainstream market trends. While the mainstream market experiences a general decline, the MEME sector manages to produce a few stars that capture everyone’s attention.
However, I believe that this is simply the effect of short-term market sentiment. As soon as the hype cools down or shifts elsewhere, these projects quickly fade away. Without continuous development by a team and community, I would not invest in such projects based on short-term market sentiment.
4. Areas of Focus for Me Recently
Recently, I have been paying more attention to the social and gaming sectors within the Ethereum ecosystem, including projects like Farcaster that I mentioned in previous articles. Looking back over the past year, I have realized that I am more interested in the Ethereum ecosystem.
5. CZ and BA: Any Dangers Ahead?
Although I rarely use exchanges nowadays, I believe that CZ and BA are unlikely to face significant issues in the future following the recent round of regulation by the US government.
However, if we look beyond exchanges, I believe that the influence of the crypto ecosystem has dwindled compared to the past (despite centralized exchanges still playing a crucial role in the ecosystem).
Recently, there have been criticisms of BA, particularly regarding the negative impact it has on the prices of certain listed tokens. This actually indicates that exchanges are losing their proactive control and influence over the market.
Furthermore, with the influx of off-exchange funds into ETFs created by traditional capital and the increasing inclusion of heavyweight assets in the regulated crypto ecosystem, the influence of traditional centralized exchanges will further diminish.
The mainstream assets within the ecosystem will be influenced more by traditional capital than by centralized exchanges.
Therefore, even if CZ and BA encounter unexpected events, their impact on the crypto ecosystem will become increasingly limited.
History is rapidly turning the page and entering a new chapter.
6. Will the Bull Market Arrive Despite No Interest Rate Cut from the Federal Reserve?
I believe that even if the Federal Reserve does not cut interest rates, the bull market will still arrive (with Bitcoin and Ethereum surpassing the previous bull market highs). However, the intensity of this bull market may not be as wild as the one fueled by interest rate cuts.
After all, when interest rates are lowered, capital rushes into various assets that are deemed valuable, and cryptocurrencies are undoubtedly among them.
