In the wave of cryptocurrency, each significant market adjustment not only signifies the end of old projects but also symbolizes the birth of new opportunities. Pima, the founder of Continue Capital, recently shared his profound insights into the current cryptocurrency market, emphasizing the need for investors to be more cautious in the face of volatility and to focus on projects that demonstrate sustained vitality.
Pima particularly emphasized that although market fluctuations seem to follow the same rhythm every time, the main projects involved are constantly changing. Some projects have already reached their peak life cycle in 2021, such as UNI, MATIC, DOT, and others. So, what are the new opportunities worth noting in this market downturn?
Contents:
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Solana
SAGA
Clob Order Book
SocialFi
AI
Meme Coins
Pima pointed out that despite limited market acceptance, Solana (SOL) still demonstrates enormous development potential. Solana and its ecosystem have matured on a technical level, but further breakthroughs are needed in the market to awaken those who are “sleeping.”
The new project SAGA and its modular L1 solution have development potential. Despite challenges in attracting users, Pima is still closely monitoring its potential to reach a tipping point. Meanwhile, SUI is widely recognized in the industry for its excellent technical foundation. However, in terms of attracting and maintaining daily active users (DAU), SUI’s DAU has remained at 20,000 to 50,000 for a long time, which pales in comparison to Solana and BNB Chain’s millions of DAU. Pima reminds investors to pay more attention to actual on-chain data rather than social media hype.
In addition, Pima also discussed the importance of the “Clob Order Book” for decentralized trading platforms. As the tasks of automated market makers (AMMs) gradually complete, high-scalability layer-one solutions need better adaptability to meet new market demands. Projects such as Drift, Hyperliquid, RabbitX, and Purr have the opportunity to stand out.
The direction of SocialFi is still unclear at the moment. Projects like Friend, Fantasy, and DistrictOne are worth noting, but Pima remains cautious about the future development of this track. He emphasizes the need for further exploration on how to scale and improve user retention in this field.
AI’s application in the cryptocurrency domain is also one of Pima’s focal points. He foresees that as the traditional market places increasing performance demands on AI companies, the key question in the cryptocurrency field will be how AI projects can generate revenue and expand their scale.
As for meme coins, Pima warns that investors often only focus on the price increases and overlook the risks and volatility during the holding process. Furthermore, from the current market preferences, community-driven meme coins are gradually demonstrating advantages in market competition.
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