These potential projects will receive high attention in the next bull market

保护我的钱包 · 2023-07-17T03:01:05.000Z

After two years of bear market stage, the next round of bull market is about to start in 2024. These potential projects will unconsciously be noticed by the market and become the main force as first-line projects. If 2023 is a year affected by interest rate hikes, then interest rate hikes are expected to be suspended in 2024, and the market economy will begin to regain its vitality. Coupled with the BTC halving countdown, the bull market period next year will even be much higher than the expectation of $69,000. 【Optimism-OP】 Introduction: Optimism (OP) is a Layer 2 project on Ethereum. It mainly focuses on a more complex and powerful development environment. It is aimed at the development of its own projects rather than for more new entrepreneurs. It is one of the largest expansion solutions for Ethereum, TVL Over $2 billion, with the largest derivatives trading markets being Synthetix (SNX), Uniswap (UNI) and Velodrome (VELO)

After two years of bear market, the next bull market will begin in 2024. These potential projects will unconsciously attract market attention and become the main force as first-line projects.
If 2023 is the year of interest rate hikes, then 2024 is expected to be a year of pause in interest rate hikes, with the market economy beginning to recover. Coupled with the countdown to BTC halving, next year’s bull market will even be far higher than the expectation of $69,000.
【Optimism - OP】Introduction: Optimism (OP) is a Layer2 project on Ethereum, focusing on a more complex and powerful development environment. It is developed for its own projects rather than for the ecosystem of more new entrepreneurs. It is one of the largest expansion solutions of Ethereum, with a TVL of more than 2 billion US dollars. The largest derivatives trading markets are Synthetix (SNX), Uniswap (UNI) and Velodrome (VELO)
Reason: BASE Chain developed by Coinbase, the largest crypto exchange listed on Nasdaq, has entered the mainnet deployment stage. Its underlying technology is developed using OP-Stack. It has joined the OP full-chain development team, and a certain amount of income generated on BASE is directly transferred to the Optimism contract.
Current stake: $880 million
Market value: $980 million
【Pendle -  PENDLE】Introduction: Pendle is a protocol that enables tokenization and trading of future returns. By creating a new type of AMM that supports assets that decay over time, Pendle provides the optionality and opportunity to exploit them.
Reason: Pendle has been running on the chain for 2 years and has an independent ecological project foundation. Most users have achieved high returns by using Pendle. Although it was exposed some time ago due to user funding issues, and then the founder was kicked out of the team, it did not cause serious consequences to the project and users. The project is positioned as CRV in the niche DeFi project. After the launch of BINANCE, the liquidity has expanded, the user group is larger, and the lending system.
Current stake: $143 million
Market value: $180 million
【Lybra Finance -  LBR】Introduction: Lybra Protocol is a groundbreaking decentralized protocol based on LSD (liquidity pledge derivatives). It initially uses ETH proof of stake and stETH issued by Lido Finance as the main components, and plans to support more LSD assets in the future. The main goal of the protocol is to provide the cryptocurrency industry with a safer and more decentralized stablecoin eUSD, providing stable interest to its token holders.
Reason: LBR is a new force project in the LSD sector, more like a small-cap LDO. Its special pledge mechanism also brings high returns to more users. The market value of eUSD has reached 194 million US dollars. The market value of independently issued stablecoins is also rapidly expanding its territory. The value of eUSD will directly affect the price of LBR.
Current stake: $382 million
Market value: $14.36 million
【Bitget Token - BGB】Introduction: Bitget Token (BGB) is Bitget's native utility token. The BGB token was launched in July 2021 and aims to provide platform users with a form of payment within the ecosystem. Bitget's utility token can be used by traders for staking, social trading, profit sharing, or obtaining transaction fee discounts.
Reason: BGB is similar to BNB in ​​token code, the only difference is the G and N in the middle. It can be said that BGB is developing in the way of imitating BNB. The difference is that BNB has a larger ecosystem and more complete infrastructure. However, BGB is also promoting its goal to become one of the four major platforms headed by BINANCE and use BINANCE as a competitor.
Disadvantages: It is not recommended to enter the market for the time being. It is too dangerous to raise the price by using event content. There is a high possibility that there will be a big correction or even a halving before you can hold on to the market.
Market value: $661 million
【Ordinals-ORDI】Introduction: Ordinals is the first inscription token born from BRC-20 and the first derivative token project of BTC ecosystem. Inscription does not require the use of separate tokens, side chains or changes to Bitcoin; what the Ordinals protocol does is to write information to each Satoshi, such as text, pictures, audio and video, etc. Due to the size limit of Bitcoin blocks, the main information of inscribe (i.e. mint) is mainly text and pictures in the form of NFT and tokens.
Reason: ORDI is a derivative project of BTC. As a derivative directly related to BTC with a low market value, it is also one of the objects of capital attention. Although ORDI is meaningless, it still provides certain technical value. At present, there are also projects that use this type of coin issuance method and mechanism to develop and improve the "inscription logic" in the Ethereum ecosystem. The most important thing is that this inscription token is directly related to BTC, and the logic of the bull market rise is simple and crude.
Market value: $158 million
The above are just the projects that are currently online. There are many popular projects that have not been launched in the bull market, such as zkSync, StarkNet, Sei, etc. There are many projects and they will be updated slowly in the future. The above is an output opinion and there is no investment guidance. Please pay attention to the risk warning when operating!