Foundation of the big bull market:
External environmental factors:
The end of the Federal Reserve's interest rate hikes marks the beginning of a new round of quantitative easing in the US, making crypto assets one of the important reservoirs.
Internal industry factors:
The bear market from 2022 to 2023 has fully washed out, clearing risks and eliminating obstacles.
The Ethereum ecosystem is thriving, with an ETH deflationary mechanism and a positive fundamental outlook.
During the bear market, the market makers used various negative news to suppress prices and gather chips, with institutions following closely behind to enter, completing their layouts.
Bull market process:
The official sign of the bull market's start: In April 2024, BTC will halve, and the four-year cycle is the strongest consensus in the crypto market.
Major players attract external traffic through various narratives and wealth effects, bringing in a large number of users and funds, thereby driving the market upward.
It is highly likely that Bitcoin and Ethereum will lead the surge, followed by altcoins catching up, during which there may be a significant correction for washing out.
Public chain ecosystems are thriving with the implementation of various quality applications, the number of crypto users continues to increase, and the industry is experiencing unprecedented explosive growth.
Key narrative:
Web3+: The segment with the most potential in the next bull market, also a key area for attracting external capital.
L2: With the flourishing development of the Ethereum ecosystem, L2 will be one of the most focused segments in the new bull market, having significant long-term appreciation potential.
Metaverse: The last bull market was merely conceptual hype, while the new bull market will have more practical applications.
DeFi: Disrupting the traditional financial industry, it is an important part of the decentralized revolution and still has significant room for development.
GameFi+: The last bull market brought a wave of enthusiasm within the circle; although the results were not ideal, it was still a pioneering attempt.
NFT+: The future potential of NFTs is vast and will not be limited to the hype of small images.
Others: AI, social, Ethereum ecosystem, decentralized concepts, etc.
Follow the progress of the market, paying attention to the investment directions of top investment institutions like Binance and A16Z.
