Primary market coming back? 🤔
This screenshot sums up the past few feeks. While the alt season meme has been dead for over half a year, recently we have seen resurgence of lowcaps on non-centrlalized exchanges. Socks and tapes on uniswap, very little-known coins on IDEX, and so on. Some random stuff people are trying to gamble on, which shows more retail engagement all across the board. 4chan pumping and shilling an expired Opyn insurance, that was just next level lol.
But the question is: will it scale in volumes enough to accommodate more traders? X10 is cute, but on a $100 daily volume it meands nothing. Etheredelta could handle thousands of ETH.
As the primary market is driven by retail fomo, this continuous trend could bring in some of the primary market investors back, making the margin pyramid of seed-private-crowd work again. However, higher volumes are needed for it. Will this trend continue and bring in the primary money market back, or will it pop like most of the attempts of the last 2 years?
Post #828
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