Crypto Bull Market Yesterday, Today, and Tomorrow

yesterday

We have seen two bull markets. In the earliest bull market, Bitcoin became a god, Ethereum and altcoin ICOs brought digital currencies out of the circle, and the money in the market flowed to whoever boasted of high-performance public chains.

The last bull market started with DeFI and ended with the Metaverse, showing us that the application of blockchain can start with decentralized financial protocols such as AMM and staking mining, and even triggered a big discussion on whether to develop light protocols or fat applications.

today

Last year, the Inscription Protocol derived from the Ordinals Protocol activated the crypto market's imagination of whether the Bitcoin network can play a role in asset issuance and application. In a sense, this is a bull in the Inscription market. Otherwise, last year would have been a dull market like death.

Look at the three major theme sections of this round

I think it's AI/RWA/Depin.

Embracing the mainstream concepts in the current global economy, whether it is introducing real-world assets, participating in AI or cross-border IoT, these are all big stories, and native cryptocurrencies are beginning to move towards reality.

Looking at the resurgence of Solana, it is definitely not just the Meme sentiment, but Depin, the combination of the Internet of Things and blockchain, and strong imagination.

Let's talk about Meme

The popularity of meme is not the prelude of the market, but an episode. However, it is a rare opportunity, and it is not worth spending too much time on it. If you see someone who is desperate and says that they are a meme community, or celebrities and KOLs team up to promote it, stay away from it. In essence, the nature of Dogecoin today is very special, and it cannot be regarded as a general meme. The imagination and speculation related to Xpayment have always made it difficult to ignore.

//Pure native blockchain innovation has three major themes, namely Layer2, modular blockchain and Restaking. This is the sector with the most VC investment in the past three years. This seems to be a classic page in the native blockchain innovation sector. In today's environment, it may be in a more passive market position.

Of course, the most powerful L2 has begun to be operation-driven. Whether it is Ethereum's Blast or Bitcoin's Merlin, it is difficult to be ignored and become an intermediate force.

Web3 Application Section

GameFi, Social Fi, and even live video streaming, which are applications that have transitioned from Web2.0, were not favored by many people, who believed that these so-called Web3s were nothing more than Web2+Tokenniz. Now that they are impacted by AI and depin, they are even more embarrassed. They may be even more ignored in the next Web3 sector, which makes people lose interest. These projects have a hard time.

tomorrow

The independent bull market in the crypto industry has created multiple small cycles, and this special cycle will continue to exist. However, the large cycle of the crypto market cycle will inevitably merge into the global mainstream financial market, closely integrate with the new round of technological innovation narratives, and exchange with mainstream financial assets. This is a new era.