Bijie.com reports:
From last year to this year, apart from some meme coins that have experienced a frenzy, there have been many projects with innovative mechanisms that have attracted a lot of attention and funds, such as Inscriptions, Pandora, and the recent X314. Different from typical ecological projects, these projects have completely changed the previous logic or mechanism in certain technical aspects, thus attracting a large number of followers. Coupled with the influx of funds, they easily become hot items.
After becoming popular, related projects have sprung up one after another like mushrooms after rain, and there are certainly projects that ride on the trend to exploit others. According to the Long 1 Law, there are very few or basically no projects that can surpass the leading one, which leads to the fact that the follow-up projects are easily affected by the price fluctuations of the leading project. It can be said that a slight change can have a significant impact.
Now, with the decline in the popularity of previous new mechanism projects, major sectors are also becoming calm. Although they have made many people wealthy, looking at the entire market, they have not brought about significant changes to the blockchain. The whole blockchain is still a game of financial capital, and the impact of technology is not as great as people imagine.
Those who have realized this point need to always maintain a sense of awe for the financial market. Projects that rise with certain gimmicks, without strong support in the future, will eventually fall into tranquility. It is important to take profits at appropriate points. Making money is the fundamental principle in the cryptocurrency circle, and discussions about consensus are only relevant when one has not earned enough money.
