The 2023 bull market has a 200% increase, but has only rebounded to 44% of the peak of the previous bull market. Neither the increase nor the rebound is enough.
Most of the copycats have not performed yet. Even the leading ones, such as LDO RNDR CFX SSV ARB OP HIGH MAGIC, did not increase much and later fell back.
Shanzhai represents the market sentiment. If the market sentiment is not rising, no matter whether it is retail investors inside or outside the circle, they will not come in to participate in the transaction.
Many people will ask, why do we need to mobilize the emotions of retail investors to participate? The answer is very simple. The main force needs liquidity to sell. How to improve liquidity? There is only one answer, a large number of leeks come to take over.
A sharp rise is followed by a sharp fall, and a slight rise is followed by a slight fall
How to understand it? Crashing the market requires money and energy. Only when there is enough profit can there be enough energy to smash the market. If the increase is too small, the profit is not enough, and the energy is not enough to smash the market deeply.
So the trend has not ended yet and the market is still there.
If the rebound in 2019 reaches 70% of the previous bull market, then the highest point in 2023 may be around 48,000, usually in July. This is just a personal guess. If you guess right, you are lucky. If you guess wrong, it is normal.
Continue to be bullish in the medium term!
The bears were just showing off yesterday, shouting the slogan of Bitcoin 10,000. After a nap, they are back again. Short-term contracts make money by grasping the rhythm. Those who talk about trends probably won’t say anything.
As for copycats: Hong Kong is finished, Apple VR is finished, and Cancun upgrades will be in October. Lsd sector looks strong again, Ldo is ridiculously strong, Fis is also rising, pay attention to them if there is a pullback, and there are also fxs, etc. Do short-term
History tells us that when any black swan event occurs, we will climb back to where we fell. Of course, this does not mean that we have to go through another big waterfall and a long time to get back up. I just want to say that every event is just the main force digging a pit for retail investors to step into, making them feel desperate and run away at a loss.
Don't panic and sell every time something happens. This is obviously irrational. You should pay attention to subsequent developments and market conditions. Will there be a continuous decline or will the news be digested in a short period of time? This will indeed make investors feel frustrated, but it will not lead to despair.
Don't forget that there is a Federal Reserve meeting next week, and the market generally believes that the probability of suspending interest rate hikes in June is very high. It can be used as a life-saving straw to reverse the current situation. Let's take it one step at a time. I think it is too early to admit defeat or make a final conclusion so quickly. I believe that there are miracles in the cryptocurrency world, and that things can change in a very short period of time, just like Bitcoin was still at $17,000 at the end of last year. Who would have thought that it would return to $30,000 in three months? The cryptocurrency world is a resilient market. The harder it falls, the higher it rises.
The crypto market needs a constant stream of new narrative drivers. If you want to make 10x to 100x in the next bull run, here are 10 future trends you must keep an eye on!
Modular blockchain
Monolithic blockchains like Bitcoin and Ethereum have been around for over a decade and have three core functions: consensus, data availability, and transaction execution.
Modular blockchain splits the above three tasks into smaller ones instead of performing all of them at once on L1. This task fragmentation helps the blockchain scale without compromising security.
Project: CelestiaOrg
DeFi Derivatives
Binance’s 24-hour derivatives volume was $33.6 billion and its spot volume was $7.4 billion, with derivatives volume being 4.5 times that of spot volume.
With the development of DeFi and the improvement of liquidity, capital efficiency, etc., more users will migrate from centralized exchanges to decentralized exchanges.
project:
synthetix_io、muxprotocol、dYdX
Decentralized Exchanges
In recent years, almost all CEXs have been regulated or cracked down. The collapse of FTX and the FUD of BN have caused a shock in the crypto market. In this context, decentralized exchanges have once again come into people's attention. Decentralized exchanges DEX are the pillar of DeFi and provide a new channel for us to trade crypto assets.
project:
traderjoe_xyz、CurveFinance、mavprotocol、ThenaFi_
Account Abstraction and Wallet-as-a-Service
Account abstraction is very powerful. You can abstract away various aspects of interacting with a wallet, such as gas fees, seed phrases, authorizations, etc. to create a simple wallet that appeals to the next wave of users.
On the other hand, Wallet as a Service refers to enabling wallets to enable users to communicate with other wallets through chat, access markets, etc. The wallet will become easier to use while providing more functions and services.
Real World Assets RWA
This is also the hottest concept in recent times. Relying on blockchain technology, real-world assets such as commodities, real estate, and luxury goods can obtain unprecedented liquidity, transparency, and accessibility.
project:
galileoprotocol, ClearpoolFin, centrifuge, and NEX_Protocol continue to be bullish in the medium term!
The bears were just showing off yesterday, shouting the slogan of Bitcoin 10,000. After a nap, they are back again. Short-term contracts make money by grasping the rhythm. Those who talk about trends probably won’t say anything.
As for copycats: Hong Kong is finished, Apple VR is finished, and Cancun upgrades will be in October. Lsd sector looks strong again, Ldo is ridiculously strong, Fis is also rising, pay attention to them if there is a pullback, and there are also fxs, etc. Do short-term
History tells us that when any black swan event occurs, we will climb back to where we fell. Of course, this does not mean that we have to go through another big waterfall and a long time to get back up. I just want to say that every event is just the main force digging a pit for retail investors to step into, making them feel desperate and run away at a loss.
Don't panic and sell every time something happens. This is obviously irrational. You should pay attention to subsequent developments and market conditions. Will there be a continuous decline or will the news be digested in a short period of time? This will indeed make investors feel frustrated, but it will not lead to despair.
Don't forget that there is a Federal Reserve meeting next week, and the market generally believes that the probability of suspending interest rate hikes in June is very high. It can be used as a life-saving straw to reverse the current situation. Let's take it one step at a time. I think it is too early to admit defeat or make a final conclusion so quickly. I believe that there are miracles in the cryptocurrency world, and that things can change in a very short period of time, just like Bitcoin was still at $17,000 at the end of last year. Who would have thought that it would return to $30,000 in three months? The cryptocurrency world is a resilient market. The harder it falls, the higher it rises.
The crypto market needs a constant stream of new narrative drivers. If you want to make 10x to 100x in the next bull run, here are 10 future trends you must keep an eye on!
Modular blockchain
Monolithic blockchains like Bitcoin and Ethereum have been around for over a decade and have three core functions: consensus, data availability, and transaction execution.
Modular blockchain splits the above three tasks into smaller ones instead of performing all of them at once on L1. This task fragmentation helps the blockchain scale without compromising security.
Project: CelestiaOrg
DeFi Derivatives
Binance’s 24-hour derivatives volume was $33.6 billion and its spot volume was $7.4 billion, with derivatives volume being 4.5 times that of spot volume.
With the development of DeFi and the improvement of liquidity, capital efficiency, etc., more users will migrate from centralized exchanges to decentralized exchanges.
project:
synthetix_io、muxprotocol、dYdX
Decentralized Exchanges
In recent years, almost all CEXs have been regulated or cracked down. The collapse of FTX and the FUD of BN have caused a shock in the crypto market. In this context, decentralized exchanges have once again come into people's attention. Decentralized exchanges DEX are the pillar of DeFi and provide a new channel for us to trade crypto assets.
project:
traderjoe_xyz、CurveFinance、mavprotocol、ThenaFi_
Account Abstraction and Wallet-as-a-Service
Account abstraction is very powerful. You can abstract away various aspects of interacting with a wallet, such as gas fees, seed phrases, authorizations, etc. to create a simple wallet that appeals to the next wave of users.
On the other hand, Wallet as a Service refers to enabling wallets to enable users to communicate with other wallets through chat, access markets, etc. The wallet will become easier to use while providing more functions and services.
Real World Assets RWA
This is also the hottest concept in recent times. Relying on blockchain technology, real-world assets such as commodities, real estate, and luxury goods can obtain unprecedented liquidity, transparency, and accessibility.
project:
galileoprotocol、ClearpoolFin、centrifuge、NEX_Protocol
LSD
Calculated by TVL (total locked value), liquidity staking is currently the largest area of DeFi, and it will continue to grow healthily in the foreseeable future.
Its biggest advantage is composability, which motivates developers to develop innovative products every week (this is one of the reasons why everyone is optimistic about it).
project:
Rocket_Pool、LybraFlnanceLSD、tenet_org、pendle_fi、parallaxfin
zkEVM
Among the various scalability solutions emerging every day, zkEVM is the best solution in terms of privacy, security, and scalability in the next few years. ZK Rollup is a great technology and one of the directions that Vitalik is optimistic about.
project:
0xPolygonDeFi，zksync
ERC-6551
In simple terms, ERC-6551 allows NFTs on Ethereum to become wallets. By connecting NFTs to use DApps instead of wallets, this opens up many new use cases and greatly reduces the threshold for users to enter Web3.
Finally, there are still many things that are not written down, such as specific opportunities and specific decisions. These things are often not something that can be summarized in one article.
