LUCA

Cryptocurrency market: A value discovery system driven by consensus

1️⃣ The underlying logic of price growth: the three major consensuses determine long-term fate
The value of crypto assets is not solely driven by price fluctuations, but by a system constructed from three major consensuses:
Sentiment consensus, application consensus, value consensus.
The three interact with each other, collectively shaping the asset's 'short-term volatility' and 'long-term direction'.

2️⃣ Sentiment consensus: the flame of short-term rises, but the least stable.
Market confidence and investor sentiment can quickly elevate prices in the short term,
However, this power is often fragile and easily manipulated by speculators.