Binance life, I'm here, lobster, 4 The trend after going live on Binance, which one didn't peak upon launch? It can only be described as tragic. Although the liquidity in the primary market has a certain impact, the once holy land of the crypto world that attracted thousands has now turned into a new harvesting machine. In the past, MEME projects desperately wanted to go on Binance; now there's a joke in the circle: even sh*t coins feel ashamed to go on Binance. Launching = end of consensus.
Let's talk about the new coins launched on Binance in the past year. They almost all have the same trend: high opening and low closing. The market cap starts in the hundreds of millions or even tens of billions, the project teams cash out and leave, and retail investors are left lamenting everywhere. When you talk about faith, they talk about cashing out. At this rate, who still dares to believe in altcoins? Who is still willing to persist in this market?
It's not that the retail investors lack faith; it's that faith has been repeatedly ground into the dirt. It's not that the market lacks vitality; it's that vitality has been repeatedly harvested and exhausted.
In today's crypto world, what is lacking is never the hype, but rather a bottom line that makes people dare to hold and believe. Yet this bottom line has long been smashed into pieces.