Placeholder Partner: Despite BTC and ETH being in a consolidation phase, the long tail market still shows strong signs

Former ArkInvest crypto head and current Placeholder VC partner Chris Burniske stated on social media, "Despite BTC and ETH being in a consolidation phase, the market sentiment feels as if Satoshi Nakamoto has passed away. However, the long tail market is showing strong signs. At the same time, blockchain technology is gradually integrating into all aspects of society. Although for those who are impatient, this progress isn't fast enough. But I have no doubt that the future is bright. Mainstream coins are still in the same range as Q1 2024; infrastructure continues to mature; application experiments continue to expand (both in type and geographical scope), but market sentiment is completely opposite to Q1 - it's wonderfully extreme. What's not to like about this? Don't be scared."