Orange Evening Interpretation 7.15 Pump compared to ICO to maintain about 50% of the profit is quite remarkable, the main theme of this round of market investment is two extremes, either the ultimate useless, or the ultimate useful, Pump as the initiator of the MEME market, indeed in line with the latter, but this does not mean that the short-term will soar, I am not mistakenPump market maker is Winter Lonely, Winter Lonely's market-making style is known to everyone, the summary is to wash first and then pull pump officially opened last night, and the current price remains around 0.006, compared to the ICO price has increased by 50%, Although this trend is not compared with the previous bull market, especially yesterday's cake was also ath, It can be said that the market sentiment should be pushed to the top, if it is the background of the cottage season, this project may come out directly 5x\10x, but there is no way that this round of cottage sentiment has not been mobilized, and even many cottages are still in the historical low range, The previous several first-level projects were hard at the beginning of a day or two, and then began to fall endlessly, such as the $sahara $frag $la $newt $spk daily level is almost all the way down, and now it is basically on the edge of breaking or even breaking, so pump in the context of the overall environment of the cottage is not good, it is already quite good to be able to maintain a 50% increase in this small half a day, and this plate is still so big, but it is difficult to say whether the follow-up can go further, After all, this pump team also invited Winter Lonely to make the market, Winter Lonely market-making style everyone knows, the opening first sideways, and then a long wash, washed clean will pump up, this is still all the good situation in the market, so my suggestion is to play new players should be withdrawn, the second level on the car I default is long-term optimistic about the pump, then be prepared to take more than 3 months to eat meat, if 3 months later the pie as desired to 15 or even 20, Pump, as the leading project with the biggest narrative in this round, still has a very big opportunity, and I am still very optimistic about the long-term fundamentals. Speaking of copycats, everyone should also feel that after the copycat market has experienced three rounds of bull markets in 2015, 2017, and 2021, the narrative has completely changed. All kinds of so-called smart contract platforms came out, and everyone began to roll performance, volume security, volume privacy, of course, there are various applications at this stage, such as CDN platform, gaming, storage, domain names, etc., but at that time, the market was the protocol was king, that is, the fat protocol, and the upper-level applications were almost all dead, and in this wave of bull market in 2021, various DeFi, lending, and stablecoins came out, which greatly increased the playability of the market, and this wave attracted many institutions outside the circle to enter the market. And there is an explicit evaluation indicator such as TVL, this stage is the stage where protocols and applications fly together, and there are many middleware that also stand out, such as $link It can be stepped on in almost every outlet, and 2021 can be said to be a copycat bull market with a hundred flowers blooming, and it is also the easiest round of bull market for everyone to make money. And this year, there is almost no innovation in the agreement, the pattern of the public chain has basically been decided, and it is difficult to do any new project that wants to be valued at a hundred million yuan for financing, because you started late, and people have already begun to study for a doctorate, and you said that you want to cultivate talents from kindergarten, so it is difficult to succeed, and now in this round of copycat market, the market needs two extremes, one is the ultimate uselessness, such as $fartcoin $trump This kind of top meme, the other is the ultimate product , that is, to establish mature products on mature public chains, who masters killer applications, who can capture the most funds, such as this round of several projects that have reached tens of billions of FDVs $hype $jup $jto $ena $ondo and so on, and there is a meme platform, $pump $bonk $launchcoin etc., these are the most important applications in this round, and now the market funds only recognize these two extremes, and many old coins on CEX are in the middle. The market does not have so much money to pay attention to them, if they do not change themselves, such as mixing the circle with US stocks and ETFs, taking the initiative to move closer to institutions outside the circle, or transforming to create products that meet the market, and compete for the attention and flow of the currency market, then these old coins will eventually be eliminated by the market, so I always say in the article that this round of investment is to buy a leader, either buy an application leader, or buy a meme leader, if you don't want to take risks, then any time the cross allocation pie is correct.