The new trends of this round of crypto bull market have gradually become clear, mainly focusing on three new themes: PayFI, AI Agent and Meme. In contrast, the previous bull market was dominated by Defi, NFT and X2Earn. Next, I will briefly analyze why these three new themes have become the current focus.
The theme of this bull market can be called "the return of common sense". The market is beginning to get tired of projects that only talk about narratives, technology or infrastructure but lack practical applications. Projects must return to reality and create products that are actually used and paid for by people. For example, the decentralized computing power and model training projects that have emerged in the past two years are difficult to be accepted by AI startups in reality, because they tend to prefer to use mature platforms such as Hugging Face, AWS or Azure.
So, why have PayFI, AI Agent and Meme become new trends?
PayFI: Connecting the real world with the crypto world. This field has attracted much attention in recent years, especially Stripe's acquisition of Bridge for $11.1 billion, which has become a landmark event. The PayFI project is not limited to crypto payments, but also covers the combination with traditional finance, such as PYUSD issued by PayPal and the POS system based on Solana Pay. These projects aim to provide more convenient and secure payment methods to meet the actual needs of users. They have attracted the attention of not only Web3 players, but also Web2 players and institutions, and may become a key track for achieving large-scale application of Web3.
AI Agent: Enhance the intelligence of the on-chain world. In the past, the combination of AI and encryption often seemed abrupt, but the emergence of projects such as Goat this year has made people's eyes light up. AI Agent not only helps the encryption world, but also closely integrates with it to create new things. For example, AI Agent can issue assets, shout orders, form DAOs, operate funds, etc. This combination is neither AI helping encryption nor encryption helping AI, but a new spark of collision between the two. This combination cannot be completed independently in the Web2 and pure Crypto fields, so it has become the best embodiment of the current combination of AI and encryption.
Meme: A straightforward expression of on-chain casinos. Projects such as Pump.Fun have put the PVP (player versus player) function, which was originally unwilling to admit or could not be clearly stated, on the table. Although the crypto circle is often compared to a big casino, PVP is only one of its functions. When the industry lacks direction or is disappointing, the Meme track will be more active; when there are more exciting and meaningful tracks and technologies, Meme will be more low-key. Therefore, Meme may become the "little bell" track for multiple bull and bear cycles in the future.
To sum up, PayFI, AI Agent and Meme have become new trends in this round of crypto bull market. They not only meet the market's need to return to common sense, but also each has unique value and potential.
After hitting a new high, the price of bitcoin has fallen back, but has not yet fallen to the support range at the daily level and remains in a strong price range.
We need to pay close attention to whether the price will fall below the daily support range.
This week, the only key factor supporting the bulls is the interest rate cut meeting on Friday, but the market has basically digested the expectation of a 25 basis point rate cut. If the rate cut is in line with expectations, the bullish sentiment this week may subside.
As we head into next week, if the market fails to discover new bullish drivers, a small-cycle "sell the fact" market may unfold, which can also be seen as an exchange of chips after the historical high.
