CoinJelly News Report:
Since 2020, the rise of DeFi, the popularity of NFTs, the heat of GameFi, the pursuit of the metaverse, and the imagination of Web3 have been constantly emerging in the crypto world. Why is this happening?
After the baptism of the bear market, users are easily numb, and without enough stories, they cannot attract users to enter. Even after entering, without enough stories, they cannot attract users to hold for a long time. Projects that cannot be held for a long time are easily doomed to fail.
New narratives often come with new projects, and the chips of new projects are all in their own hands, so they are more willing to promote. Bear markets usually last longer than bull markets because building takes time.
I. MEME
Why are meme assets sought after in the blockchain industry? The industry has long since moved beyond the grassroots stage of a few years ago. In the past, if you worked on multiple projects, investors would consider it as a lack of focus and reliability. But now, it’s the opposite. Launching a new project is seen as a positive because it has the endorsement of previous projects. Therefore, new projects are not expected to be inferior. People have a better understanding of the situation, and it is called an ecosystem.
In such an environment, the industry has already been dominated by giants, with complex relationships. Early institutions have grown into behemoths, and every institution has a long list of combined interests behind it. 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 depending on whether it has institutional support. For example, if well-known institutions like Pradigm and BN invest in your project, even if the project is poorly executed, people will still flock to it. After all, with institutional endorsement, even if it’s bad, they have resources and various relationships. If your product has nothing, what can you compare with them?
Some top institutions have launched various projects in batches, with a total market value of tens to hundreds of billions of dollars (note that projects with valuations above one 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 grow, but the price remains unchanged. Ordinary investors end up being left in the dust.
Recommended coins: SHIB, PEPE, DOGE, BOME
II. AI
Influenced by the expectations of a new round, AI has recently returned to the public’s attention. It has skyrocketed, surpassing rune, and leading the overall market. If you look at the high point retracement of the leading coins in the AI sector, you will find that it is only about 20%, similar to mainstream coins. It can be considered very resilient.
Why is it so resilient?
From a fundamental perspective, the value support of the AI sector comes from the fact that the imagination space is large enough. The size of the AI imagination space depends on how many people don’t understand it and how much hype is being generated. Capital is pouring in, and new projects keep 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 precisely because of this that Solana has many advantages to leverage. Considering the competition between Solana and Ethereum, it is expected to continue throughout the bull market. But don’t get carried away because Ethereum cannot be replaced by Solana, which currently has obvious shortcomings.
Continued Technological Innovation:
The Solana team will continue to focus on technological research and innovation to enhance the performance, security, and scalability of the SOL token.
Growing Ecosystem:
With the participation of more developers and projects, the Solana ecosystem will become more diverse, providing more application scenarios and value support for the SOL token.
Compliance and Regulation:
With the gradual standardization of the cryptocurrency market, the SOL token is expected to make progress in terms of 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, providing more convenient and secure financial services to global users.
Recommended coins: WIF, BOME, JUP, JTO
IV. RWA
Ondo is soaring, following the pattern of traditional investors participating in the cryptocurrency market. This includes the previous bull market’s NFTs, metaverse, and various forms of Web3 interacting with Web2. It is expected to continue throughout the bull market.
Compound (COMP):
A well-established DeFi decentralized lending platform. It has established a new company, Superstate, focusing on on-chain bonds, igniting the market. It is also the token with the highest increase in the RWA sector.
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, with a transfer of up to $500 million in USDC stablecoin.
Centrifuge (CFG):
One of the earliest DeFi protocols involved in RWA, and also a 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 and NFTs. It also announced the integration of AI to improve the efficiency of real estate transactions. PRO has experienced a growth rate 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’s RWA, NFTs, the metaverse, or utility-based projects, 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 idle hard drive space. Filecoin uses a new algorithm (proof of work). In simple terms, the larger the hard drive capacity you have, the more Filecoin rewards you receive.
THETA:
THETA is the Ethereum token of the THETA network project. The THETA network project is owned by Theta Labs and is a decentralized video streaming platform based on native blockchain technology. The platform rewards viewers who share bandwidth with THETA tokens and provides high-definition streaming video content, reducing video distribution costs.
IOTX:
IoTeX (IOTX) is a privacy-centric, blockchain-based infrastructure for the Internet of Things (IoT) that is scalable and self-extensible. IoTeX is committed to building the next-generation blockchain platform that supports IoT applications with lightweight, privacy, and scalability as its core technologies. The IOTX token is an integral part of the IoTeX network ecosystem and is used for transfers, running distributed applications, and incentivizing community participants.
AR:
Ar is a new blockchain storage platform designed to overcome scalability, data availability, and cost issues in blockchain data storage. This sets Ar apart from most blockchain storage solutions. Arweave aims to be the “browsable 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 value of information 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 rejuvenating with optimism, which is expected to drive the next bull market. These five themes are attracting investors’ interest and shaping their expectations for significant growth in various crypto assets and blockchain technologies in the coming months.
