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This might be the most boring end of the year in the past 5 years.
Looking back, there was no Meme wave, no inscription hype, no chain chain explosions, no NFT metaverse hype concepts, and no Bitcoin hitting new highs to boost the scene. It seems like there's nothing.
But if we compare it to 2019, there are some similarities—on-chain gaming platforms suddenly became active, and various crypto companies also announced plans to go public one after another. However, the stock performance of this round of IPOs has been mediocre, with no highlights. So this end of the year, there is neither excitement from a big rally nor drama from a big drop, it's just so peaceful.
Honestly, the poor performance of IPOs precisely indicates that the market is beginning to demand higher quality "consensus mechanisms" and is no longer fooled by storytelling tricks.
No drama, no drama. I actually favor this period of silence—accumulating efficiency is often more valuable than the excitement.
While things may seem calm, look at the complexity of node operation and maintenance; back in 2019, it was impossible to handle the current level of depth.
Hype cycles explode one after another, but the real infrastructure gets drowned out, which is the biggest pity.
The data is right here: this year's on-chain reliability indicators have improved by more than one level compared to last year, but no one is paying attention.
Honestly, no hype makes it more comfortable. Finally, I can take a good look at who is actually doing things.
IPO failures indicate that institutions also can't predict accurately. This might actually be a good time to bottom fish.
Fortunately, I didn't follow the trend and chase those memes, or I would be bleeding now. As an old hand, I feel particularly fortunate at this moment.
Wait, active on-chain gaming platforms? Is this another sign that they're about to start cutting the leeks...
The calmness is a bit eerie. Am I overthinking it, or is there really something coming?
Let's not rush to deny the underwhelming IPO; 2019 didn't seem promising either, but look at the result.
This quiet period is actually when major institutions are quietly positioning themselves. Less drama doesn't mean we should be less vigilant.
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Basically, everyone has lost enthusiasm, even the momentum for hype is gone.
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Wait, is on-chain gaming alive again? Isn't that a signal?
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I've experienced a similar end of 2019, and right now... it does feel a bit like that.
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IPO stock prices underperforming indicate that institutions are also watching, no one wants to rush in.
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Days without drama are actually the most dangerous; too peaceful, so we should be alert.
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Such dull periods often give birth to big market movements; history always follows this pattern.
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Is it true? The dullest in 5 years? Why do I feel the previous years were even more outrageous...
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Peacefulness has its benefits; at least fewer people are cutting losses.
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Keep an eye on those on-chain gaming platforms operating in the shadows; maybe this is the next main trend.
Boredom aside, the rise of chain game platforms behind the scenes is not simple.
IPOs are all risky; let's wait and see. Anyway, there's not much room for action at the end of the year.
Such market conditions are actually friendly to newcomers; no one is cutting you.
Compared to the chaos of last year, this calmness this year is quite soothing, honestly.