Remembering the first half of the bull market from 2020 to 2021: First, DEFI brought excitement to the crypto world, with UNI, SUSHI, YFI, YFII skyrocketing; followed by the Polkadot ecosystem with DOT and KSM soaring; and then LUNA, FIL, THETA, and many more blossoming.
What we need to know is that UNI and DOT brought excitement at the beginning of the bull market, and we called them the twin turbo engines of the bull market!
I predict that $NEIRO, $ACT, $PNUT and other "on-chain new assets" are very likely to become one of the engines of this bull market. Here are a few points of reasoning:
1. The overall on-chain track runs through bear and bull markets. During the period from March to October 2024, Bitcoin experienced chaotic fluctuations, and the secondary altcoins fell into deep bear markets. The only booming assets were on-chain assets, which often perform well in bear markets before becoming the hottest segments in bull markets;
2. I have long said that the core essence of the crypto world is a 24-hour operating casino. What is the most attractive label of a casino? The wheel of fortune turns, one coin changes fate!
What kind of assets in the crypto world have such imagination? On-chain new assets!
3. New, low market capitalization, no locked positions, and high popularity are its characteristics. Whether you are a big investor or a small investor, as long as you are new to the crypto world, will you buy the countless old coins that are stuck in losses? Or will you buy these new coins?
4. The on-chain new assets listed on Binance spot have also endorsed how to accommodate large funds; our choices are actually not many.
A bull market is not about precision; it is about ambiguity, not about operations; it is about choices. Why do most people lose money in a bull market? Because the sentiment in a bull market is FOMO; it dazzles with chaotic spending; every day there are myths of getting rich. In such a restless environment, it is difficult for most people to maintain their original intentions. In a bull market, what we need more is to do subtraction and to give up! Will coins like FIL, EOS, ARB have a main upward wave? Maybe! But my choice is to take a wave and run, putting most of my energy into capturing the main trend and a small part into the side trend. Even if I am wrong, we will not miss the overall BETA returns of the bull market, but if I am right, we will achieve the script for success.