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Trader Eugene: The Cryptocurrency Reserve Frenzy is the final opportunity of a large-scale altcoin bull market, currently nearing the peak but not yet over
BlockBeats News, August 4th, trader Eugene Ng Ah Sio posted in his personal channel expressing cautious optimism towards the DAT "Decentralized Asset Trusts" craze. He believes that this craze is nearing its peak but has not ended yet, presenting a possible final opportunity for meme coins to enjoy a large-scale bull market with the help of global capital.
It is now evident that most capital either cannot or is unwilling to cross the cryptocurrency divide through direct token purchases. The current DAT is a suboptimal (but similar) replica of meme coin ETFs. We have not truly seen DAT drive significant capital inflows into any meme coin yet, but I believe that given the traditional finance's enthusiasm for Ethereum, this possibility is quite high. In theory, these inflows should outshine the performance of other crypto-native projects, but the market has not yet fully appreciated this. While I think DAT may be nearing its peak, the craziest event is yet to unfold.
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