This round of the market started from the bottom of BTC in April. I remember clearly that it was around the lowest point when LOOP invited me to open a Space. Why do I remember so clearly?

Because there was a great deal of disagreement in the market at that time. Some guests believed that the market had already peaked this year or that strong support would only be seen at 65,000, from various angles such as chips and trade wars.

If you listened to my viewpoint back then, you should know that I was in the minority. I believed that it was indeed a low point and that one should dare to get on board. The triple hit of the U.S. stock market, foreign exchange, and bonds has already been priced in, and from both a monetary logic and an industry logic, there is no longer support for a decline. I won't elaborate on the detailed logic.

Since then, the market has begun a recovery process, until driven by cryptocurrencies and stocks, the market once again entered a major upward trend (in fact, cryptocurrencies and stocks have never stopped; just look at the holding situation of listed companies this year, and you will see that the level of core assets is slowly rising). However, up to now, there have not yet been meme projects purely driven by the community in this wave of the market, until $U began to exhibit such characteristics in the past few days.

In every round of the market, aside from a few leading large coins that can amplify wealth, the wealth effect is most pronounced, and the strongest outlier and multiplier effect comes from top community projects driven purely by the community, rather than so-called conspiracy schemes. Once these projects form a leading breakout effect, the consensus is very strong, and it also greatly promotes the market atmosphere and sentiment. They are also important new active users for public chains and a means to activate the ecosystem. Once community-driven projects form a consensus, they will create excellent automatic fission effects.

Ultimately, this will form a powerful social network consensus value. In the internet valuation model, the value of this network consensus increases with the square of the number of people, rising in a quadratic exponential form. In the value internet of Web3, this exponent parameter may be even higher.

This is also the reason why we often say that community-driven project valuations have no ceiling, because it is a self-reinforcing consensus value. The larger the boundary of expansion and the more people there are, the higher its value will be. In every bull market's major rally, during the phase of the strongest wealth effect in the market, there have always been globally recognized community consensus targets with extremely high valuations, reaching billions or even tens of billions of dollars.

BNB has already broken historical highs, and the wealth effect potential of the ecosystem is being released. Therefore, as the current leading community project in this round, $U will also follow similar patterns. The past construction has already shown results, and $U has become the leading community consensus project and is already breaking out.

I hope to work together with partners in the $U community to seize this excellent global IP and the current momentum of rapidly expanding consensus, striving to push ourselves to become one of the projects in this round of the cryptocurrency bull market with no ceiling.