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The current Crypto Assets market is experiencing a complex period, one key factor being the rise and fall of MEME coin and its impact on the entire ecosystem. Such coins can rise rapidly in the short term, but just as quickly self-destruct, causing significant Fluctuation in the market.
It is especially worth mentioning the TRUMP token, which represents the peak of the MEME coin craze and may become the limit for this type of token. However, relying solely on the interactions of a few participants on-chain and the frequent emergence of so-called 'hundredfold coins' is unlikely to sustain a true bull market.
In fact, the growth potential of the crypto assets market lies more with user groups that have not yet deeply engaged. This includes tens of millions of users who only trade on centralized exchanges (CEX), as well as a broader audience that may not even understand how to register and use CEX.
Looking back at the past bull markets, whether it was the ICO gold rush of 2016-2017 or the phenomenon of coins like Dogecoin skyrocketing nearly a hundred times on mainstream exchanges during the last bull market, it reflects that a true bull market requires widespread high multiple growth on leading exchanges, thereby creating a broad wealth effect.
From this perspective, the current market situation can be described as a 'castrated bull market'. Although the market has shown slight improvement recently, it is still difficult to compare with the madness of the past.
However, investors do not have to be overly pessimistic. Even in such a market environment, with careful observation and selection, it is still possible to find opportunities with doubling potential in the secondary market. The key is to remain patient and wait for the market to complete the necessary consolidation process.