The current wave of Chinese blockchain enthusiasm is truly different. MEME coins are collectively gaining momentum, and projects rooted in local culture are attracting more and more attention. Everyone is discussing how to hop on this train.
The market atmosphere is indeed very hot. Some say that the current narrative is driven by emotion and consensus, as evidenced by the performance of various Chinese MEME coins — their gains are astonishing. Some investors even describe this as a phase where "anything you buy doubles in value." Of course, this statement is somewhat exaggerated, but it does reflect the market's current expectations for Chinese original projects.
Regarding the hierarchy of coins, industry insiders have a simple ranking — leading projects dominate, followed by a batch of emerging projects. Each tries to find its place by aligning more closely with user-centric MEME culture. Such localization efforts have been relatively rare in past major coin competitions.
The key question is: can this enthusiasm be sustained? The cohesion and execution ability of the Chinese community should not be underestimated, but any market hot spot requires genuine fundamentals to support it. Purely emotion-driven trends tend to come quickly and go just as fast. However, integrating local cultural elements into the crypto world is itself an interesting experiment.
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The current wave of Chinese blockchain enthusiasm is truly different. MEME coins are collectively gaining momentum, and projects rooted in local culture are attracting more and more attention. Everyone is discussing how to hop on this train.
The market atmosphere is indeed very hot. Some say that the current narrative is driven by emotion and consensus, as evidenced by the performance of various Chinese MEME coins — their gains are astonishing. Some investors even describe this as a phase where "anything you buy doubles in value." Of course, this statement is somewhat exaggerated, but it does reflect the market's current expectations for Chinese original projects.
Regarding the hierarchy of coins, industry insiders have a simple ranking — leading projects dominate, followed by a batch of emerging projects. Each tries to find its place by aligning more closely with user-centric MEME culture. Such localization efforts have been relatively rare in past major coin competitions.
The key question is: can this enthusiasm be sustained? The cohesion and execution ability of the Chinese community should not be underestimated, but any market hot spot requires genuine fundamentals to support it. Purely emotion-driven trends tend to come quickly and go just as fast. However, integrating local cultural elements into the crypto world is itself an interesting experiment.