Recently, Huobi HTX new column "Huopart 1+1" invited Baili, Sunova Taichu, Yuanliu, Da Cousin and other encryption KOLs, with the theme of "Take the pulse of the market: Challenges, Opportunities and Future Outlook", and shared their views on topics such as mainstream market trends, opportunities and challenges of Meme coins.

When talking about the recent market, guests generally believe that there is a sense of caution and even pessimism, and describe it as an "emotional bear market" or "emotional low in a structural bull market." This sentiment mainly stems from factors such as insufficient liquidity in the macro environment, the impact of US stock trends, potential risks and a decline in trust. Baili pointed out that on-chain liquidity has also been locked in due to "holding the currency and waiting for the rise", which has exacerbated the sense of exhaustion. Sunova Taichu also mentioned that the "Fear and Greedy Index" has fallen to the fear range, showing the market's risk aversion mentality.

In this context, most guests recommend a defensive strategy. Both Big Cousin and Yuanliu are reserved for most Meme coins, believing that they lack intrinsic value, and suggesting that they "hold the currency and wait and see" at this stage and wait for a better opportunity to buy at the bottom. Yuanliu added that even projects supported by VCs face difficulties in landing and should not blindly participate. For on-chain players, you can explore some emerging tracks.

However, the guests have different opinions on the core issue of "whether the bull market is still there":

Petervious view: Baili believes that the current liquidity cannot support a full-scale bull market, Bitcoin can only fluctuate at a low level, and altcoins are weak in following the rise and are even "blood-sucked". The market needs to break the current state before we can develop.

Structural optimism: Despite pessimistic short-term sentiment, Yuanliu, Sunova Taichu and Da Cousin still believe that the foundation of the bull market is still there. Yuanliu insists on investing in Bitcoin in a fixed-term, believing that although the poor performance of altcoins has disappointed users, the logic of the bull market has not changed. Sunova Taichu believes that the continuous buying of ETFs and the cost line brought by Bitcoin halving can form support, and the current decline is more like accumulating energy for subsequent new narratives. The big cousin not only firmly believes that Bitcoin’s long-term target price will reach a high level (over 300,000 US dollars), but also observes that institutions have increased their holdings in BTC against the trend in the recent (March 24-30), which is in contrast to the selling of retail investors. He judges that the bull market is still there, but emphasizes that the bottom may need to form a "double W bottom" pattern and predicts that this round of "there must be no copycat season."

In terms of specific track selection, while being cautious in the short term, the idea of ​​long-term layout still exists. Sunova Taichu clearly stated that although Meme coins provide low-threshold entrances, it is more optimistic about RWA and AI+Blockchain with long-term value, and believes that these directions can enhance the financial attributes and real-life application potential of Web3.

Meme coins fanaticism: opportunities and challenges coexist

In the discussion of Meme coins, Sunova Taichu believes that opportunities and challenges coexist. Opportunities lie in low thresholds, high communication and retail dominance, especially Trump-related events have attracted outside the circle. But the challenge lies in information asymmetry and zero-down risks. He admitted that he "dare not to stay overnight dogs."

Yuanliu points out that a successful Meme coin needs to be interesting, strong community consensus and magical in communication. He believes that the opportunities for Meme coin always exist because it represents a decentralized culture and is the only way for players on the chain, but participants need to have strong judgment.

Baili believes that Meme coin should be the "flavor" of the market rather than the mainstream. If it cannot be implemented and implemented to reflect core values, it will eventually become a PVP (player battle) game.

Regarding the future trend of Bitcoin and Ethereum, Yuanliu believes that Ethereum has a promising long-term value, because the talent of V God may bring new breakthroughs. However, this round of Ethereum performed weakly, and the migration of Meme craze to Solana and BNB Chain was the main reason. He revealed that institutions are still increasing their holdings, and suggested that investors participate with the mentality of hunters rather than prey.

Baili analyzed from a logical perspective that Ethereum has laid the foundation for the crypto ecosystem due to smart contracts, extending NFT, DeFi and other gameplay. As long as these ecosystems exist, Ethereum will not die.

The big cousin predicts that Bitcoin will fluctuate upward, and Ethereum has not bottomed out but may drop to triple digits. The big cousin stressed that he is full of expectations for Huobi HTX to return to the three major exchanges.

Sunova Taichu believes that Ethereum carries countless dreams and efforts and will not die, but the price trend is driven by macro narratives and market expectations. He currently does not have a heavy position in Ethereum, but maintains confidence in its ecological advantages.