To be honest, those Dogecoin-like tokens that keep reaching new highs basically have no fundamentals, yet they can attract a large number of people to follow and buy in. What does this phenomenon indicate? It actually demonstrates the power of community consensus— as long as enough people believe, a token with only a concept can become a bridge connecting various retail investors. These 'faith-driven' assets are more mysterious and more attractive compared to projects supported by fundamentals. Anyway, from a certain perspective, this is another form of 'group resonance' in the Web3 era.
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SingleForYears
· 12-18 23:51
Basically, it's a casino; whoever ends up taking the last bet is the big loser.
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staking_gramps
· 12-18 19:01
It's pretty outrageous. Relying solely on faith to manipulate the market—it's about time I realized this is just a gambling game.
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SeeYouInFourYears
· 12-17 20:20
Basically, it's just the final celebration before the whale runs away.
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MoonBoi42
· 12-16 04:08
It's just a collective illusion, but those who make money will laugh last.
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AlwaysQuestioning
· 12-16 02:04
Damn, this is like hot potato, whoever ends up holding the bag is doomed.
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ruggedSoBadLMAO
· 12-16 02:00
Basically, it's a hot potato game—whoever ends up taking over is doomed.
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CryptoMotivator
· 12-16 01:54
Hi, consensus is faith, and faith is wealth.
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MEVVictimAlliance
· 12-16 01:52
This is a hot potato game; whoever catches the last one is doomed.
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SelfCustodyBro
· 12-16 01:43
Uh, isn't this just a Ponzi scheme disguised with a layer of Web3?
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GasFeeCrier
· 12-16 01:39
It's just a game of passing the parcel; whoever ends up holding the bag is the unlucky one.
To be honest, those Dogecoin-like tokens that keep reaching new highs basically have no fundamentals, yet they can attract a large number of people to follow and buy in. What does this phenomenon indicate? It actually demonstrates the power of community consensus— as long as enough people believe, a token with only a concept can become a bridge connecting various retail investors. These 'faith-driven' assets are more mysterious and more attractive compared to projects supported by fundamentals. Anyway, from a certain perspective, this is another form of 'group resonance' in the Web3 era.