2024 bull market. If you understand these 15 points, you should be able to understand the direction of the bull market↓
1. The cryptocurrency market has entered a bull market since 2024, and investment opportunities have emerged, but most Altcoins have performed weakly.
2. BTC has risen by 70.86%, but most Altcoins have failed to exceed or even fallen.
3. From a macroeconomic perspective, the high interest rate environment of the Federal Reserve has led to fewer new investors than in previous bull markets.
4. From the perspective of the cryptocurrency industry, the supply side has increased significantly, and the market value of tokens released each month has continued to be high.
5. Despite the mediocre performance of the overall market, Meme tokens and AI tokens have achieved gains that have surpassed Bitcoin, and tokens with narrative upgrade concepts are expected to
become a new focus.
6. The narrative upgrade track is an emerging concept. It is no longer limited to a single project change, but covers a wider range.
7. Projects in the narrative upgrade track usually have advantages such as broad consensus, stable team, rich resources and experience.
8. Through three narrative upgrades, Vanar Chain has transformed from a metaverse public chain project to a public chain project that spans metaverse, NFT, Gamefi and Al narratives.
9. Merit Circle has transformed its business from a game guild to a comprehensive game industry platform.
10. The Fantom community initiated the Sonic network governance proposal, which has improved the network experience by several levels.
11. Nervos Network issued a new product RGB++, transforming from a public chain to a project dedicated to Bitcoin layer-2.
12. Arweave launched a new product Arweave AO, which transformed the 3 major narratives from decentralized storage to a public chain.
13. Projects in the narrative upgrade track may have only made superficial improvements and failed to truly solve the original problems.
14. Projects in the narrative upgrade track have greater development risks, and investors need to think deeply and evaluate comprehensively.
15. Projects in the narrative upgrade track are still worthy of enough attention from the market, and more narrative upgrade projects are expected to emerge in 2024.
At present, the bull market is surging, and we have the opportunity to share passwords every day.
Again, if you don’t know what to do in the bull market, click on my avatar and follow me. I will share the bull market spot planning and contract passwords for free.
I need fans, and you need references. It’s better to follow me than to guess blindly.
