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I feel like there's a faint bullish market vibe these past couple of days, is a "shanzhai festival" coming?
After looking around, most have returned to their historical lows or new lows, and the mainstream ones have been stagnant for so long, maybe they've bottomed out.
But there have been too many token projects these years, peaking right after TGE, and everyone’s afraid of getting cut. Liquidity isn't very strong, so even if the market turns around, it will come quickly and go just as fast.
Earlier, MEME tokens were flying around wildly, and shanzhai meme coins were rampant, often followed by a wave of price increases. These days, the rotation has shifted to these old memes. Since the SEC has given the green light to the DeFi sector, will the next wave be for DeFi?
It's best not to chase after those with high FDV and little actual income. Many high-revenue projects are now quite cheap; you can compare their P/E ratios within DeFiLlama to get a reference. Don’t get caught in the shanzhai trap again—if you’re caught, it’s over!