With such a drop, it really feels like valuable coins can emerge.

For example, $CAKE , $PENDLE .

The trading volume of cake, along with the need to create a prediction market, currently has a total market value of 800 million. This means that if cake halves again, the total market value will drop to 400 million. Can we consider this a valuable marker? At that time, we just need the market to warm up, the blockchain to recover, and profits to flow in daily, leading to a surge in destruction.

The problem with pendle is that it doesn't repurchase and destroy; in fact, its staking return rate is not low. Of course, it may have benefitted from ena's expansion, as ena has shared quite a bit of profit with the pendle protocol. During the bull market, many people lived off points trading and airdrop trading, but now with airdrops cooling off and expectations shrinking, plus no repurchase mechanism, it is definitely on the decline. As soon as the market warms up, as long as there are still airdrops and points within the circle, pendle can still grab a share.

So, it's also a pretty good marker. Of course, what constitutes a good price needs to be judged individually; some people feel that below 2 is a good price, while others think it should be below 1.5.