Do altcoins still have a chance to rise?

1. MEME itself relies on everyone’s emotions. If you focus on building an ecosystem, then what is the difference between it and altcoins?

Whether the value of a token comes from emotions or from the ecosystem reflects two different value judgments:

Emotional value can only bring short-term effects, while ecological construction can produce long-term effects.

There are very few emotional values ​​in the world that can last forever.

Bitcoin is widely recognized as the token with the strongest emotional value and the greatest consensus in the entire crypto ecosystem. However, it has also experienced countless brutal bear markets and crashes from scratch to today, and it has not been advancing all the way to today.

Bitcoin, with its strong core value and unique narrative background, can continuously generate emotional value, build consensus, and reach new peaks countless times from the bottom. It is rare in the entire crypto ecosystem.

Such a project does not need an ecosystem, it will last forever.

But what about other tokens?

In most cases, if there is no ecosystem and we only rely on emotions, we will most likely only be able to see how long and what effects short-term emotions can last.

However, how long short-term sentiment will last, how strong its effect will be, and how high the currency price will be pushed are completely beyond my judgment.

So when I look at MEME coins, if I only see the emotional value in it and not the ecological construction, then I will only treat it as a game, as an experience to feel the community atmosphere and the resonance of values, just like gambling. I will definitely leave when the price reaches a certain height according to my own feelings, and I will not fight to the end. I will not care too much whether I lose or gain, and I will not hold a large position.

But if I see that MEME has a strong team leading it and continuously advancing its development and promoting its ecological construction, then I will seriously think about its future prospects and potential and consider long-term holding, rather than frequently buying and selling because of short-term price fluctuations.

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

If the "copycat" here refers to other currencies besides Bitcoin and Ethereum, I think it depends on how the projects behind these currencies develop.

If the project continues to advance and build, even if the token is slightly lacking in capabilities, I think there is still a chance for it to make a comeback - at least the price will be higher than it is now. Many DeFi projects that have been under construction are of this type.

But if a project has not been updated or progressed for a long time, the future of their tokens will be in danger.

3. What about the two tokens ZETA and CEL?

I don’t know much about the CEL token. I have previously shared my views on the ZETA (ZetaChain) token in an article: I think it is average.

However, I recently saw several articles explaining chain abstraction that mentioned ZetaChain. At the same time, they also mentioned another chain: Particle Network.

ZetaChain and Particle Network are both projects in the field of chain abstraction.

Chain abstraction aims to solve the problem of user experience. It can greatly improve the convenience of users using blockchain. There is no need to switch between chains, and operations on each blockchain can be completed on a unified interface.

Comparing ZetaChain and Particle Network from the perspective of chain abstraction, I prefer Particle Network: its focus can solve the problem of chain abstraction in the Ethereum ecosystem, especially in various second-layer extensions. This is not only an urgent problem that the Ethereum ecosystem needs to solve at present, but also a problem that must be solved for Ethereum to reach the general public in the future.

This problem is relatively easy to solve technically, and the results are relatively quicker.

Other projects that aim to solve the abstraction problem of the main chain of each blockchain are relatively more technically difficult and the results may be mediocre.

So when I saw Zeta, what I thought of was Particle Network.