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Wang Feng: If the price of Bitcoin breaks the previous high today, the market value of meme stocks could still see triple the space, Doge/Shib/Pepe may be difficult to stop

Wang Feng: If the price of Bitcoin breaks the previous high today, the market value of meme stocks could still see triple the space, Doge/Shib/Pepe may be difficult to stop

Bitget2024/03/05 08:08

Wang Feng((@wangfeng_0128))'s Twitter post discusses adjusting strategies in the crypto market during a bull run:

Memes like Doge/Shib/Pepe may continue to rise if Bitcoin breaks previous highs. The market favors assets with mainstream appeal over technical complexity. Newcomers are entering the market, focusing on popular concepts like AI and avoiding overly specialized sectors initially. Patience is key for holding valuable assets despite sector rotations. Ordi may rise eventually but not currently reliant on memes or the current bull market, rather on Coinbase listing for growth potential. Market simplicity contrasts with personal biases and fears of being stuck in old mindsets.

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