[Chain News] On September 3, news broke that crypto trader James Wynn stated on social media that the Solana ecosystem has become a "saturated market," filled with short-term speculators and farming behavior, making it difficult for crypto Meme coins to achieve long-term value. He believes that even FartCoin, which was once seen as successful, is just another Ponzi Scheme that may ultimately drop to zero. In his view, the only projects in the current crypto market with real blue-chip potential are Doge, Shib (though not entirely a "Meme"), and Pepe. Other projects exist but have almost no blue-chip possibility. He also mentioned that the past crypto community was able to remain active and successful during market fluctuations, but this trait is now fading.
He also pointed out that unless there are interest rate cuts in the future, the market reaches new highs in Q4, and retail investors strongly return, the overall crypto Meme coin market remains in a sluggish state.
According to news from yesterday, James Wynn opened a long position in ETH with 25x leverage.
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TestnetFreeloader
· 09-04 03:41
Can't get sol anymore, when will it go bankrupt?
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MeltdownSurvivalist
· 09-03 08:01
Pepe is the only true god.
View OriginalReply0
PonziDetector
· 09-03 07:58
The suckers that even Thoreau can't play people for suckers.
Solana ecosystem saturation Analysts optimistic about Doge, Shib, and Pepe
[Chain News] On September 3, news broke that crypto trader James Wynn stated on social media that the Solana ecosystem has become a "saturated market," filled with short-term speculators and farming behavior, making it difficult for crypto Meme coins to achieve long-term value. He believes that even FartCoin, which was once seen as successful, is just another Ponzi Scheme that may ultimately drop to zero. In his view, the only projects in the current crypto market with real blue-chip potential are Doge, Shib (though not entirely a "Meme"), and Pepe. Other projects exist but have almost no blue-chip possibility. He also mentioned that the past crypto community was able to remain active and successful during market fluctuations, but this trait is now fading.
He also pointed out that unless there are interest rate cuts in the future, the market reaches new highs in Q4, and retail investors strongly return, the overall crypto Meme coin market remains in a sluggish state.
According to news from yesterday, James Wynn opened a long position in ETH with 25x leverage.