Regarding the "perpetual motion" scheme $snowball, which saw a 20x return in two days, it's worth playing, but don't become overly religious!
If you simply view Snowball as a "mediocre" scheme, it's definitely a golden opportunity recently.
The narrative of its "self-circulating" on-chain experiment is unique and captivating. There are no internet memes, no celebrity endorsements, everything is community-driven, and the mechanism achieves 100% automatic market making for creator fees, easily resonating with retail investors. In a good market, tens of millions would be easily achievable.
However, you must view it from a "mediocre" perspective. It's just that the story is well-told at this stage. Take profits and get out; don't be obsessed with the scheme's mechanism itself. This isn't the first time a scheme using this mechanism to attract users has appeared.
The longer you've been trading crypto, the clearer you should understand: there are no perfect mechanisms in the crypto world, only... Better arbitrage strategies, especially in the "earth dog" (a term referring to speculative trading) sector, are important. Mechanisms are merely a theoretical tool to attract capital, not the core factor determining market trends.
The secondary market is inherently a game of capital speculation; the "big fish eat little fish" principle is an age-old law. Rising prices are due to capital inflows, and falling prices are due to capital outflows.
Faced with powerful market manipulators, no matter how impressive the mechanism is, it will still manipulate the market. Every account's funds are there to profit, not for charity. When consensus collapses, 100% transaction fees cannot change the final market trend.
In short, play the game, but don't get carried away!