Cryptocurrency itself is a circle that started out as a hype!
Simply understand that the project party releases good news, triggering trading activities and investors' attention! Here is a summary of the major events in the cryptocurrency circle that we are familiar with!
1. Bitcoin's Genesis Block Mining: In 2009, Bitcoin's Genesis Block was mined, marking the birth of the first cryptocurrency.
2. Bitcoin forks: Multiple forks of Bitcoin, such as Bitcoin Cash (BCH) and Bitcoin SV (BSV), have attracted market attention and trading activities.
3. ICO boom: In 2017, the Initial Coin Offering (ICO) boom triggered a lot of investment and attention. Many projects raised funds through ICO.
4. 2017 bull market: At the end of 2017, the cryptocurrency market experienced a round of price surges, and the prices of cryptocurrencies such as Bitcoin reached historical highs.
5. DeFi explosion: In recent years, decentralized finance (DeFi) projects have risen rapidly, attracting a large amount of funds and users, and driving market attention.
6. NFT craze: The rise of the non-fungible token (NFT) market has made digital assets such as digital artworks and virtual items a hot topic.
7. Bitcoin becomes an institutional investment: In the 2020s, many traditional financial institutions and large companies began to invest in Bitcoin, which further promoted the mainstream recognition of cryptocurrencies.
8. Elon Musk and Cryptocurrency: Some remarks and actions by Tesla CEO Elon Musk, such as his Bitcoin remarks on Twitter and Tesla's purchase of Bitcoin, have had a significant impact on the market.
9. Ethereum upgrade and shift to PoS: Ethereum’s upgrade and planned shift to the Proof of Stake (PoS) consensus mechanism has attracted attention and discussion.
There are many, many big events in the cryptocurrency circle, so I won’t list them all here! Every big event will make many people rich or poor! It depends on what kind of person you want to be! What I want to talk about next is Ethereum’s Cancun upgrade! How should we plan!
The Ethereum Shanghai upgrade has driven the LSD sector, and the prices of LDO, SSV, and RPL have soared, all of which have increased several times. Now that it has been so long since the Ethereum upgrade, these coins have almost been hyped up, and there is no need to blindly cover positions, increase positions, and make fixed investments. We should pursue new tracks and new hot spots. The old hot spots have passed, and there may be hype, but it is basically unrealistic to increase them several times!
This is just like Dash, Ethereum Classic and Bitcoin Classic after the halving. After the halving, few people mentioned them. They are outdated. You don’t expect FIL to return to 200, do you? You don’t expect ICP to return to its peak, do you? Wake up, young people, move forward and pursue new things!
Let’s talk about which coins are mainly deployed:
The Cancun upgrade is mainly beneficial to the L2 sector! The two larger coins in L2 and the stronger coins are ARB and OP!
There are many small coins under the ARB chain and the OP chain, so what we have to do is to ambush ARB and OP while also paying attention to his younger brothers! The Cancun upgrade is only a few months away, and the advance hype is in September and October! It’s already very close, and it may be too late if you don’t plan ahead! Brother Chong has several excellent L2 tokens here, and there is a high probability that they will double!
Only by ambushing in advance can we win every battle, instead of waiting until the market rises and then asking whether we can buy this coin or chase it higher! When we see how much, what we have to do is to wait for the market to come, and sell at high prices. We will sell a little when it rises a little, and let others take over!
As a side note, the current cryptocurrency market has very poor liquidity. Many market makers and institutions seem to have agreed to withdraw most of the liquidity together. In addition, there are constant negative news in the market. But don’t be confused, the dog dealers just want you to hand over the cheap chips in your hands!
In Chong Ge's words, what you see is what he wants you to see! Some people may ask, who is he? He is him!! The one wielding the sickle! Those who understand will understand!
Therefore, there is no need to worry about how much negative news there is in the market, or how bad the market is. We just need to hold on to the spot and not hand over our chips. We should ambush Ethereum's Cancun upgrade in advance, and wait until the dog market releases good news and market liquidity returns uniformly. By then, all major financial websites or publicity platforms will be full of good news!
At this time, we can smash the market and earn U!