Author: 0xLoki; Source: Twitter @Loki_Zeng

The main line of this round has become relatively clear:

1. Memecoin and AI are the absolute main lines of the track

This year’s Memecoin and the past There is a big difference. It has broken away from the concept of "speculation of land dogs" and corresponds to the concept of DeFi in 2020. It is essentially a brand-new asset issuance method. All infra and services must rely on asset issuance, which is the leftist line of asset issuance. It’s Memecoin, The right route is RWA and VCcoin

The left route is a global opportunity, while the right route is more of a structural opportunity, such as the revival trend of DeFi, @ethena_labs + @SkyEcosystem + @ Old protocols such as MorphoLabs' Axis of Evil @CurveFinance @aave have also seen significant business growth; there are also some structural opportunities in BTCfi, CeDefi, and Payfi.

So I am still not optimistic about ETH. At present, ETH can still only carry side narratives. Although Coinbase will benefit greatly from the main narrative, in my opinion, it is more like the 18th princes trying to challenge Dong, each with their own agenda. It's not that the three heroes fought with Lu Bu with one heart and one mind. A very likely situation is that the ETH exchange rate cannot outperform BTC in the upper pair, Solana in the middle pair, and DeFi blue chip in the lower pair.

2. The influence of Western narratives has only exerted a small part

During the election campaign, Trump and Musk’s narratives have already exerted great potential. There are two bigger things next: ① officially taking office and ② replacing the SEC chairman. At the same time, ETH and MSTR have taken over the grayscale tasks of the previous round of cycles, and more enterprises and sovereignties will begin to allocate, and this time it will only be bigger than in 2020.

The West’s well-known long-term success story continues.

Under the combination of the above internal factors + external factors, the importance of ecology has been very clear. I will not go into details about the ecology that already has a strong consensus or a sub-strong consensus. I will talk about the two concerns that are still very low. Ecology:

3. Bittensor Ecology

I recommend Vitlik’s recent interview. It has nothing to do with ETH but some of the views in it are very interesting, including authoritarian monopolization of AI and thoughts on future AI symbiosis, Memecoin Big Beta There is no doubt that it is @ACTICOMMUNITY, and the answer to the Beta of the Alts sector is also very clear. Crypto AI can only be deAI or Fair AI, so @bittensor_ ＞＞ @worldcoin

It is worth mentioning that the media broke out last week The most promising candidate for the new SEC chairman is BakerHostetler, a partner at the law firm and co-head of the blockchain team.The person in charge is Teresa Goody Guillén, and she is also the legal partner of Bittensor’s first subnet @getmasafi. One week after the news came out, $MASA has still risen by about 30% despite the correction of BTC.

4. Near Ecology

As the saying goes, people eat meat one step ahead and eat shit ten steps ahead. This is the case with Near. When Solana Memecoin first became popular at the beginning of this year, Near’s Memecoin also quickly took over. On the Internet, there were two targets, Black Dragon and Yilong. Near founder @ilblackdragon also participated in Nvidia’s AI conference.

But for a period of time afterwards, Memecoin and AI were tepid. Now the wind of Memecoin and AI is finally blowing, and it has affected Solana, Base, SUI, and BNBChain, but the grass on the graves of Near players is three meters high.

But the good news is that there is a metaphysical theorem. From DeFi to X2E, to NFT and Inscription, Near can always catch the last bus and take the last hot bite, but it is later than Near. The chain basically can't keep up with anything. Near is the kind of person who eats but gets there, knows how to do things, and is more organized. I just took a look, and the three-meter-high Memecoin @dragonisnear and the five-meter-high inscription @inscriptionneat both have $7m left and very good exit liquidity.