Crypto market transformation: Chip game dominance, platform becomes the new focus

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Crypto Market Current Status and Future Trend Analysis

In the past six months, the crypto market has remained in a consolidation phase, with overall trading volume sluggish. Although a few altcoins have attempted to establish independent trends, most have failed due to insufficient liquidity. Despite the surface-level similarities to mid-year market conditions, the actual flow of funds and the mindset of participants have undergone fundamental changes, and on-chain yield effects are gradually becoming apparent.

Since the beginning of this year, the fragmented trend of market sectors has persisted for more than half a year, and this change seems to have become a foregone conclusion. Currently, external factors such as the direction of the US and Chinese capital markets, the elections, and the upcoming Federal Reserve meeting have limited influence on the crypto market. From the perspective of funds and chips, unless a new major unexpected event occurs, the upward trend of cryptocurrencies is likely to continue. In this case, avoiding high-risk long-short bets during the late stage of fluctuations and holding onto assets while waiting may be a wiser choice.

Recently, the market trend has shown several important signals:

  1. The crypto market funds are returning to a pure chip game model, which further weakens the status of so-called "value coins". Currently, the industry's long-term main line still focuses on Bitcoin, gambling platforms, and payment (stacking) sectors.

  2. The underlying chips of Ethereum are showing signs of loosening and are facing severe tests. To reverse this downward trend, a significant injection of liquidity may be needed or innovative gameplay far surpassing the previous round of DeFi may need to emerge on Ethereum.

  3. The rebound of altcoins is not very ideal, with both success rates and trading volumes showing signs of fatigue. The flow of funds in the digital currency industry may have undergone a decisive change this year, which further limits the space for late-stage venture capital exits.

  4. The market fluctuations are becoming increasingly chaotic, lacking strong external influencing factors. In this situation, both long and short operations lack clear advantages, and investors should focus on price movements near support and resistance levels to avoid unnecessary losses.

Overall, the global capital reservoir consensus centered around gaming platforms is becoming a trend. Market participants need to adapt to this trend and seek the future development space of the industry within it.

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BrokenYieldvip
· 13h ago
ngmi lol, this market is pure gambling rn tbh
Reply0
GateUser-5854de8bvip
· 13h ago
The suckers who dare to rush in when they see the bottom are here.
View OriginalReply0
AirdropHunterXMvip
· 13h ago
Can this really rise? That's ridiculous.
View OriginalReply0
ForkThisDAOvip
· 13h ago
The market right now, just hold onto it.
View OriginalReply0
FudVaccinatorvip
· 13h ago
Here you are again being bullish, let's see what you can do.
View OriginalReply0
GateUser-c799715cvip
· 13h ago
Just let the long order stay still.
View OriginalReply0
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