In the wave of cryptocurrencies, each significant market adjustment not only signifies the end of old projects but also represents the birth of new opportunities. Pima, the founder of Continue Capital, recently shared his profound insights into the current cryptocurrency market, pointing out that investors need to be more cautious and pay attention to projects that demonstrate sustained vitality when facing volatility.
Pima specifically emphasized that although the market fluctuations seem to follow the same rhythm every time, the major projects involved are constantly changing. Some projects have already reached their peak in 2021, such as UNI, MATIC, DOT, and others. So, what are the new opportunities worth noting in this recent market downturn?
Contents:
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Solana
SAGA
Clob Order Book
SocialFi
AI
Meme Coins
Pima pointed out that despite limited acceptance in the market, Solana (SOL) still shows enormous development potential. Solana and its ecosystem have matured at a technical level, but they still need further breakthroughs in the market to wake up those “sleeping.”
The new project SAGA and its modular L1 solution have development potential. Although there are challenges in attracting users, Pima is still closely monitoring its potential to reach a tipping point. Meanwhile, SUI has gained widespread recognition in the industry for its excellent technical foundation. However, in terms of attracting and retaining daily active users (DAU), SUI’s DAU has remained at 20,000 to 50,000 in the long term, which is inadequate compared 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 automated market makers (AMMs) gradually complete their tasks, high-scalability Layer 1 solutions need better adaptability to meet new market demands. Projects like Drift, Hyperliquid, RabbitX, and Purr have the opportunity to stand out.
The direction of SocialFi is currently unclear. Projects like Friend, Fantasy, and DistrictOne are worth attention, but Pima remains cautious about the future development of this track. He emphasizes the need for further exploration of how to scale and improve user retention in this field.
The application of AI in the cryptocurrency field is also one of Pima’s focus areas. He foresees that as traditional markets demand higher performance from AI companies, the key question in the cryptocurrency field will be how AI projects can generate revenue and expand their scale.
Regarding meme coins, Pima warns that investors often only see 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 showing advantages in market competition.
