Coin World Report:
Since 2020, the rise of DeFi, the emergence of NFTs, the popularity of GameFi, the pursuit of the metaverse, and the imagination of Web3. In the crypto world, it seems that new concepts and stories are constantly emerging. Why is this?
After the baptism of the bear market, users easily become numb, and without enough stories, they cannot attract users to participate. Even if they enter, without enough stories, they cannot attract users to hold for a long time. Projects that cannot be held for a long time are easily abandoned before they become popular.
New narratives often come from new projects, and the chips of new projects are all in their own hands, so they are more willing to promote them. The bear market usually lasts longer than the bull market because it takes time to establish.
I. MEME
Why are meme assets sought after? The blockchain industry has long gone beyond the grassroots stage of a few years ago. A few years ago, if you did multiple projects, investors would think it was a sign of inconsistency and unreliability. But now it is the opposite. The release of a new project is seen as a positive sign because it has the endorsement of previous projects. People have a better understanding of the situation and call it an ecosystem.
In such an environment, the industry has already been dominated by giants, with complex relationships and early institutions gradually growing into behemoths. If you don’t have a background, resources, no one will pay attention to you. Retail investors don’t know you, and institutions won’t trust you.
The same product can have a completely different outcome with or without institutional support. For example, if well-known institutions like Paradigm and BN invest in your project, even if it is poorly executed, people will still flock to it. After all, with institutional endorsement, even if it is bad, they have resources and connections. If your project is lacking, what can you compare with them?
The batch launch of various projects by top institutions has created a total market capitalization of tens to hundreds of billions of dollars (note that projects valued at over a billion dollars are called unicorns in the Web2 world). When high market value but low liquidity projects are dumped, the market value of high-quality projects continues to increase, but the price remains stagnant, leaving ordinary investors at a loss.
Recommended coins: SHIB, PEPE, DOGE, BOME
II. AI
Influenced by the expectations of a new round, AI has recently returned to the public eye, leading the exaggerated rise of the entire sector and surpassing runes. If you take a look at the high point retracement of the leading coins in the AI sector, you will find that it is only about 20%, which is similar to mainstream coins and can be considered very resilient.
Why is it so resilient?
From a fundamental perspective, the value support of the AI sector comes from the vast imagination space. The size of the AI imagination space depends on how many people don’t understand it, how big the hype is, how much capital is pouring in, and how many new projects are emerging. Currently, no concept can match the imagination space of AI. The BTC ecosystem is not enough, RWA is not enough, MEME is not enough, none of them are enough.
III. Solana Ecosystem
Relatively centralized, relatively efficient, and relatively focused on investors. However, it is because of these characteristics that Solana has many advantages that can be utilized. Considering the competition between Solana and Ethereum, it is expected to last throughout the bull market. But don’t get carried away because Ethereum cannot be replaced by Solana, which has clear shortcomings.
Continuous technological innovation:
The Solana team will continue to focus on technological research and innovation to improve the performance, security, and scalability of the SOL token.
Growing ecosystem:
With more developers and projects joining, the Solana ecosystem will become more diverse, providing more application scenarios and value support for the SOL token.
Compliance and regulation:
With the gradual normalization of the cryptocurrency market, the SOL token is expected to make more progress in compliance and regulation, providing services to a wider range of users.
Cross-border payments and digital identity:
The SOL token has great potential in cross-border payments and digital identity, aiming to provide more convenient and secure financial services to global users.
Recommended coins: WIF, BOME, JUP, JTO
IV. RWA
Ondo is skyrocketing, another pattern of traditional investors participating in the cryptocurrency market. This includes NFTs, the metaverse, and various forms of interaction between Web3 and Web2 in the last bull market. It is expected to continue throughout the bull market.
Compound (COMP):
A well-established DeFi decentralized lending platform. Superstate, a new company focusing on on-chain bonds, has entered the RWA market, igniting the market. It is also the token with the largest increase in the RWA sector in this round.
MakerDAO (MKR):
A well-established DeFi decentralized lending platform that issues the stablecoin DAI pegged to the US dollar. In April, MakerDAO approved the opening of a real-world asset (RWA) vault for Coinbase custody services and transferred up to $500 million worth of USDC stablecoins.
Centrifuge (CFG):
One of the earliest DeFi protocols involved in RWA and the technical provider behind top protocols such as MakerDAO and Aave. There are a total of 17 RWA asset pools.
Propy (PRO):
A blockchain-based real estate platform that supports buying and selling properties using cryptocurrencies in NFT form. It also announced the integration of AI to improve the efficiency of real estate transactions. PRO once had an increase of over 200%.
Aave (AAVE):
A well-established decentralized lending protocol that announced the launch of the RWA market in 2021.
V. Depin
Whether it is RWA, NFTs, the metaverse, or utility tokens, they all anchor the cryptocurrency market to reality. The new coins in this round of Depin are expected to experience repeated growth.
FIL:
Filecoin is a token on IPFS, and Filecoin is a way to reward miners by contributing spare hard drive space. Filecoin adopts a new algorithm (proof of work). In simple terms, the larger your hard drive capacity, the more Filecoin rewards you receive.
THETA:
THETA is the Ethereum token of the THETA network project. The THETA network project is affiliated with Theta Labs and is a next-generation decentralized video streaming platform based on native blockchain technology. The platform rewards viewers who share bandwidth with THETA tokens and provides high-definition video content to reduce video distribution costs.
IOTX:
IoTeX (IOTX) is a blockchain infrastructure that is scalable and privacy-centric for the Internet of Things (IoT). IoTeX is committed to building the next-generation blockchain platform that supports IoT applications with lightweight, privacy, and easy scalability. The IOTX token is an important part of the IoTeX network ecosystem and is used for transfers, running distributed applications, and incentivizing community participants.
AR:
Arweave is a new type of blockchain storage platform designed to overcome scalability, data availability, and cost issues in blockchain data storage. This is what sets Ar apart from most blockchain storage solutions. Arweave aims to be the “browseable home of the internet.”
TAO:
Bittensor is an open-source protocol that supports decentralized, blockchain-based machine learning networks. Machine learning models collaborate for training and receive rewards in TAO based on the information value they provide to the collective. TAO also grants external access, allowing users to extract information from the network and adjust their activities according to their needs.
Conclusion:
With the emergence of key narratives, the cryptocurrency market is rekindling optimism and is expected to drive the next bull market. These five themes are attracting investor interest and shaping their expectations of significant growth in various crypto assets and blockchain technologies in the coming months.
