Is there still a chance for altcoins to rise? | Q&A

CN
3 months ago

1. The MEME category relies on everyone's emotions. If we value the ecosystem, what is the difference between it and a copycat coin?

Valuing a token based on emotions versus valuing it based on the ecosystem reflects two different value judgments:

Emotional value can only bring short-term effects, while ecosystem development can generate long-term effects.

There are very few emotional values in the world that can last long and continue consistently.

Bitcoin is considered to have the strongest emotional value and the largest consensus in the entire crypto ecosystem. However, it has also experienced numerous brutal bear markets and crashes on its journey from zero to where it is today.

Projects like Bitcoin, which rely on strong core values and a unique narrative background, can continuously generate emotional value, build consensus, and reach new highs from the bottom multiple times, and they are few and far between in the entire crypto ecosystem.

Such projects do not need an ecosystem; they can exist indefinitely.

But what about other tokens?

For the vast majority, without an ecosystem, they can probably only rely on short-term emotions and the duration and effects of those emotions.

How long short-term emotions can last, how strong their effects can be, and how high they can push the token price are completely unpredictable for me.

So when I look at MEME tokens, if I only see emotional value and not ecosystem development, then my participation in it will only be as a game, as an experience to feel the community atmosphere and value resonance, like gambling. Based on my feelings, I will definitely leave when the price reaches a certain height, and I will not be attached to it. I won't care too much about whether I make a profit or a loss, and I won't hold a large position.

But if I see a strong team leading MEME, continuously promoting its development, and driving its ecosystem development, then I will seriously consider its future prospects and potential, considering long-term holding, and not frequently buying and selling based on short-term price fluctuations.

2. Is there still a chance for copycats to rise?

If "copycats" here refers to coins other than Bitcoin and Ethereum, I think it depends on how these projects are developing.

If the project is continuously progressing and being developed, even if the token's empowerment is slightly lacking, I still think there is a chance for a comeback—at least the price will be higher than it is now. Many DeFi projects that have been continuously developed fall into this category.

But if a project has not been updated or progressed for a long time, then the future of its tokens is very dangerous.

3. How about the tokens ZETA and CEL?

I don't know much about the CEL token. As for ZETA (ZetaChain), I have previously shared my opinion on it in an article: I think it's average.

However, recently I have seen several articles explaining chain abstraction that mentioned ZetaChain, while also mentioning another chain: Particle Network.

ZetaChain and Particle Network both fall into the field of chain abstraction.

Chain abstraction aims to solve user experience issues, greatly improving the convenience of using blockchain for users, eliminating the need to switch between various chains and allowing operations on various blockchains to be completed on a unified interface.

From the perspective of chain abstraction, when comparing ZetaChain and Particle Network, I prefer Particle Network: it focuses on solving the problem of chain abstraction, especially in various second-layer extensions, within the Ethereum ecosystem. This is not only an urgent problem that needs to be solved in the current Ethereum ecosystem, but also a problem that Ethereum must solve in order to reach the general public in the future.

This problem is relatively easy to solve technically, and the results can be seen relatively quickly.

On the other hand, projects dedicated to solving the main chain abstraction problems of various blockchains are relatively more technically challenging, and the effects may be relatively average.

So when I see Zeta, I think of Particle Network.

This Saturday (July 6th) at 8 PM, we will have an online discussion on Twitter. If you have any questions, please reply to the following link:

https://x.com/DaosViews/status/1808011332572401813

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