Let’s review the crypto market this year:
1/n Let me first talk about my understanding of investment. Events drive price increases/decreases. The development of a project will affect the rise and fall of a single token, and external events will affect the entire sector. For example, if a project announces a buyback/destruction/financing, the price of the project's token will rise. The quadrennial World Cup (external event) has driven the rise of the entire fan club sector.
2/n This kind of external event can be seen as a story told by the dealer/a pie in the sky. The bigger the story and the wider the scope, the greater the impact on the price. These so-called stories will also drive the enthusiasm of investors. The market has stories to tell = more targets to participate in, investors are willing to invest in the market, and the entire market can usher in an uptrend.
3/n This year, $BTC has three rebounds: 1.24～3.29 6.19～8.18 9.28～11.5 (time periods) In each time period, there are actually relatively big stories to support the rise of the entire market. It’s a bit like a small ball controlling a big ball, and small events driving big trends. If you want the market to rise, there must be stories in the market that investors are willing to buy. Otherwise, there is no target in the market, no target to speculate, and funds are scattered. How can it rise?
4/n Let's take a look at what the entire cryptocurrency market is speculating on during these three time periods? 1.24~3.29 Stepn-driven X to earn concept The residual funds of the gamefi/metaverse wave at the end of 21, the low playability of the original gamefi, led to the transformation of Play to earn Move to earn, Learn to earn and other new models attracted funds to enter
5/n 6.19～8.18 World Cup concept (clubs, national teams, football games) eth merge (ldo, op, computing power transfer) eth merge: eth changes from pow to pos, eth can no longer be mined with gpus. It has brought benefits to many targets: other pow tokens are expected to obtain computing power transfer, ldo and other pledge concepts. World Cup: once every four years, the world's most popular large-scale sport, and the hype of exchanges
6/n 9.28～11.5 World Cup concept (clubs, national teams, football games), Musk acquires Twitter (DOGE Bluebird concept, web3), (BTC, BUSD trading pairs) Musk acquires Twitter: drives DOGE, MASK, GAT and other web3 concepts Binance replaces USDC with BUSD, intends to increase the market share of BUSD, and pulls up BUSD and BTC trading pairs
7/n So what stories do the bookmakers in the live market tell?
1. AI concept: the popularity of openai, targets such as fet, ctxc, agix, etc.
2.LSD concept: Shanghai upgrade, pledged ETH will be unlocked
8/n The concept of AI has been very popular these days, and the concept of LSD has just been mentioned recently. If a concept/story is told for too long and no new target is released, the market will get tired/afraid of heights, and the willingness to participate will decrease. Although $LDO has risen by 50% this week, it has not been mentioned much in various groups and the entire circle, the Gemini event has not yet been implemented, and many risk-averse funds have not yet entered the market (analysis written on 1.8)
In summary: I am quite optimistic about the LSD concept. Before March, LSD is still the main line of the market. In the game, the main quests give the most experience. Even if there are other side quests in the market, the focus can be placed on the LSD track and looking for LSD track gems that have not been discovered by the market.
I cannot predict the trend of the LSD track in the short term, please DYOR
