I mentioned before that the currency market’s copycat season may be mild. The mildness here refers more to the trend slope rather than the amplitude. I have thought about it carefully these past few days, and there should be a few points:
1. The overall market in 2023 is very strong. The good performance of BTCD basically shows that the market is pursuing certainty when the bear recovery period is uncertain. Moreover, the adoption of ETFs has further opened up the imagination space. At least the current market still has great expectations for the price of the pie. In this case, the flow of funds from the big pie to the small coins may not be so fast, and the corresponding decline rate of btc.d will not be very fast, and it may be a slow decline process.
2. Another one is the size: the market value of the pie in the last cycle, which exceeded 19,000, was only 400 billion U.S. dollars. During the same period, eth only had a market value of 60 to 70 billion U.S. dollars. bnb was even smaller, with a market value of only over 4 billion US dollars at the time. Many of the mainstream currencies recognized by everyone today, sol, avax, uni, and doge, had a smaller market value than hundreds of millions of dollars at the time. That’s why at the beginning of 21, bnb, doge, and sol experienced such amazing growth. In two waves, bnb’s market value rose from US$4 billion to nearly US$100 billion.
3. There is also the issue of old and new: there has always been a saying in the currency market that speculation in the new is not speculation in the old. This was very obvious in the last cycle. At the end of 2000, the top twenty of the currency market was still full of projects such as LTC, BCH, BSV, XLM, XMR, EOS, NEM, etc. It is estimated that many people have no understanding of it at all. Therefore, in the last cycle, a large number of new projects emerged quickly. These historical and old projects have been kicked out from the top of the market list.
Defi was the main narrative in the last cycle. They hyped DeFi on eth, then speculated on defi on bsc, then on defi on matic, and in the second half of the year, they speculated on defi on sol, avax, and ftm. At that time, the amount of defi funds in this wave The transfer of large and group-style charges is obvious. In the current market, some people are optimistic about this and others are optimistic about that, which has caused a serious division of funds. There are people who are optimistic about each sector, the development models are different, and the funds are severely divided. This has resulted in a grand scene where one sector collectively continues to rise higher. Basically, each sector leads the trend for two or three weeks and then puts down the flag to consolidate. potential.
An idea flashed across my mind as I wrote this. Apart from Ethereum and Ethereum, the most promising major currencies in this wave are sol and bnb, mainstream currencies with large market capitalization. When will the prices of these two currencies hit a new high and their market capitalization exceed 100 billion U.S. dollars (the previous wave) The ceiling of the market value of small coins) reaches a new height, which may further open up the imagination space of the market value of small coins as a whole.
3 cryptocurrencies you need to ambush before Bitcoin halving!
1.OP
Optimism ($OP) is a beacon of innovation in the Ethereum ecosystem, solving one of the network’s most pressing challenges: scalability. As Ethereum continues to gain traction as a platform for decentralized applications (dApps) and smart contracts, scalability issues have become increasingly apparent, with rising transaction fees and network congestion hampering user experience.
Optimism is a layer 2 scaling solution designed to enhance Ethereum’s scalability and efficiency. At its core, Optimism uses a technology called Optimistic Rollups, which enables off-chain calculations and batches of transactions before they are finalized on the Ethereum mainnet. This approach significantly reduces congestion on the Ethereum main chain while maintaining security and decentralization.
The $OP token serves as the governance token of the Optimism network, enabling holders to participate in key decision-making processes. This decentralized governance model is in line with Ethereum’s spirit of community-driven development, where stakeholders work together to shape the future direction of the platform.
2.LAND
Landshare ($LAND) embodies the intersection of traditional real estate markets and blockchain technology, providing a breakthrough approach to real estate investing. In an industry historically characterized by high barriers to entry and limited access, land sharing democratizes real estate ownership, making it more inclusive and transparent than ever before.
At the core of the Landshare platform is the Landshare Real World Asset (LSRWA) token, which tokenizes shares of real estate ownership. By fractionalizing property ownership, Landshare enables individuals to invest in real estate assets with minimal capital, starting at just $50. This democratization of property ownership not only expands investment opportunities, but also promotes financial inclusion and wealth distribution.
Landshare’s success is demonstrated by its ability to tokenize real-world properties and provide investment opportunities to a global audience. With the successful sale of three tokenized properties and a market cap of $6 million, Landshare has become a pioneer in the tokenized real estate market.
3. GHOST
Aave ($AAVE) is a cornerstone of decentralized finance (DeFi), pioneering innovative solutions for lending and borrowing within the cryptocurrency ecosystem. Rooted in the ethos of decentralization, Aave eliminates the need for traditional intermediaries, allowing users to interact directly with smart contracts on the Ethereum blockchain.
At its core, Aave is a decentralized lending protocol that enables users to lend and borrow a variety of cryptocurrencies without relying on a centralized entity. This peer-to-peer lending model offers many advantages, including lower fees, greater transparency, and easier access to financial services.
$AAVE tokens serve as the governance token for the Aave protocol, giving holders voting rights on important decisions related to protocol upgrades, fee structures, and asset listings. In addition, $AAVE holders can also receive incentives through various mechanisms, such as reduced fees and enhanced borrowing and lending capabilities, thereby promoting active participation and engagement in the Aave community.
