Nobody cares about fundamentals anymore
Not shilling a specific token but just as an anecdote, Chainlink just announced integrations with S&P Global, Wisdom Tree, UBS, Coinbase x402, the Central Bank of Brazil & Honk Kong Monetary Authority, FTSE Russell, and more, and nobody seems to care at all. I am sure other projects also have had big announcements but the market no longer concerns themselves with real adoption or any kind of fundamentals, all the retail capital seems to funnel into hype and manipulated coins chasing pumps vs. looking for long term real investments.
At some point I think we will have a reckoning moment where all the things that weren't speculated on simply start increasing in price due to the adoption and people wake up and they all go parabolic, but right now the market is asleep at the wheel and the broader market looks more like the shitcoin casino where all capital floods into one thing, it dies off and they move on to the next thing shilled on Twitter.
submitted by /u/OhWiseWizard
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