Today is the 513th day since I started posting dynamically, without a single day of interruption. Each post is not done half-heartedly, but is carefully prepared. [微笑] If you think I am a serious person, you can follow me, and I hope the content every day can help you. The world is big, and I am small, so please follow me to avoid difficulty in finding me. [微笑][微笑]

The big pancake is looking to see if it can successfully stabilize at 110,000 USD this week. If it can stabilize, then it will re-enter an upward trend starting next week, and altcoins will also welcome a true recovery season. If it cannot stabilize, then it will need to adjust for about a week. Regardless, starting from mid to late November, there will be a wave of market activity.

The altcoin market seems to be waking up, but in this wave of price increases, you'll find that the older, more severely beaten coins are surging the most. Yesterday, UNI also doubled; privacy, storage, Layer 2, and DeFi are all rotating, but it feels like there’s no real increase in the market—funds are just circulating internally. This proposal from UNI is merely revisiting old issues, indicating that older projects are getting anxious; if they don't innovate, they will be eliminated by the market. To put it bluntly, there are no new plays or narratives in the crypto space right now. The profit margins at the infrastructure level have already been squeezed dry, and there are no breakthroughs at the application layer. Everyone is just going in circles, merely trying to break even, which can hardly be called real wealth appreciation.