Will the bull market come if the Fed does not cut interest rates?

Source: Daoshuo Blockchain

1. Recommend a few runes I am optimistic about

I have a neutral attitude towards all runes and do not recommend buying any runes. I just hold the runes that were airdropped and did not sell them.

A reader asked if Magiceden supports rune trading. Is this also a positive for runes?

I think the role of this positive is very small and can be almost ignored. When the whole logic is full of too much uncertainty, some local and subtle positives are difficult to become the main force driving assets upward.

At this stage, if I must buy a "copycat" asset that I think is valuable, I am afraid I will only pay attention to ORDI. Of course, if its price exceeds $50, I will not even have the slightest thought of buying it.

2. About SATS

The fundamentals of this coin are actually good, but I think it is still riskier than ORDI. In the case of more uncertain factors, I will still consider ORDI first.

I bought some SATS earlier, but I haven't bought them since then.

3. How about the MEME sector?

I still believe that any project that wants to develop in a long-term, continuous and stable manner cannot rely on emotional value alone. It must have a strong team and a community with strong consensus.

The MEME sector is no exception.

There is an interesting phenomenon in the MEME sector recently: it often goes against the wind - when the mainstream market falls, it can jump out one or two stars and attract everyone's attention.

But I think this is all due to the short-term market sentiment. As long as the hot spot cools down or shifts a little, the project will immediately become quiet again. There is no team and community to continue to build.

I will not buy such projects because of these short-term market sentiments.

4. Which sectors have I focused on recently?

Recently, I have been paying more attention to social networking and blockchain games in the Ethereum ecosystem, including Farcaster, which I mentioned in the previous article.

Through a review of the past year or so, I found that I am still more interested in the Ethereum ecosystem.

5. Will CZ and BA be in danger this time?

Although I rarely use exchanges now, I think that after this round of supervision by the US government, the possibility of CZ and BA having accidents in the future is not very high.

But if we jump out of the vision of exchanges, I think the influence of the crypto ecosystem has been far less than before (although centralized exchanges still play a very important role in the entire ecosystem).

Recently, there have been some criticisms against BA, focusing on the negative impact of BA on the prices of these coins. I think this shows that exchanges are less and less active and in control of the market than before.

Moreover, as more and more OTC funds enter ETFs created by traditional capital, and more and more heavyweight assets in the entire crypto ecosystem are brought under supervision in the future, the influence of traditional centralized exchanges will be further weakened.

The mainstream assets in the entire ecosystem will only be increasingly influenced by traditional capital rather than centralized exchanges.

So in this case, even if something unexpected happens to CZ and BA, the impact on the crypto ecosystem will be increasingly limited.

History is turning a page quickly and entering a new page.

6. Will the bull market come if the Fed does not cut interest rates?

I think that even if the Fed does not cut interest rates, the bull market will still come (Bitcoin and Ethereum both broke through the highs of the previous bull market), but the madness of such a bull market may not be as fierce as the bull market brought about by the interest rate cut.

After all, after the interest rate cut, capital will rush into all kinds of assets they think are valuable, and crypto assets are definitely one of them.