AI > LSD > China > Arb > Meme > LSDfi > ETF > Telebot > Gamble > DWF > MK Leader > ?
In the crypto market, its important to know which narrative dominates the market.
Every month, a fresh narrative emerges, each with its own distinct leader.
2023 Narratives:
[1] AI (22. 12~)
OpenAI's ChatGPT boom has brought the crypto AI sector into the spotlight.
[2] LSD (23. 1~)
After the Ethereum merge, staking demand rose, and LSD gained traction.
Top Performer - $LDO (~4x)
Outperformer - #RPL #FXS #SD
[3] China (23. 2~)
China narrative emerges with news that Hong Kong will allow crypto trading starting in June.
[4] Arbitrum Season (23. 3~)
The upcoming launch of Arbitrum has sparked a lot of interest in related ecosystem projects.
Top Performer - $GRAIL $RDNT (~10x)
Outperformer - #GNS #JOE
[5] Meme 2.0 (23. 4~)
The advent of BRC-20, and the subsequent popularity of PEPE, sparked a meme craze.
Top Performer - $PEPE (~25x)
Outperformer - #WOJAK #AIDOGE #BOB
[6] LSD-fi (23. 5~)
Projects that utilize the liquidity of LSD are starting to gain traction.
Top Performer - $PENDLE (~5x)
Outperformer - #LBR
[7] Bitcoin ETF + BlackRock (23. 6~)
BlackRock's application for a Bitcoin Spot ETF led to a rise in BTC-Beta.
Top Performer - $BCH (~3x)
Outperformer - #BSV #STX #ALEX
[8] Telegram Bot (23. 7~)
elegram-based projects have sparked market interest by generating substantial revenue.
Top Performer - $UNIBOT (~15x)
Outperformer - #PAAL #Lootboxes
Current Narrative:
Solana Ecosystem
Solana's surge impacted ecosystem projects.
Top Performer - $BONK (~7x)
Outperformer - $NEON $HONEY
New Coin + Cosmos
Projects launched in 2023 within the Cosmos ecosystem garnered significant attention.
Top Performer - $TIA $KUJI $SEI (~3x)
Outperformer - $NTRN
AI
$NVDA's record highs and growing demand for decentralized AI infrastructure have captured market interest.
Top Performer - $TAO (~4x)
Outperformer - $OCEAN $RNDR $AKT $FET
Gaming
The news of GTA 6's release ignited the Game narrative.
Top Performer - $SUPER (~4x)
Outperformer - $PRIME $PYR $IMX
Strategic Insights
1. When the market lacks momentum, it tends to focus on only a few key narratives.
2. However, as the market heats up and gains more attention, it rapidly switches its focus among various narratives and categories.
3. On average, the lifespan of a new narrative typically lasts around one month.
4. It's rare for the second-tier alternatives to outperform the narrative leaders.
==> Grasping short-term market rotations and identifying consistently high-performing categories, or medium-term narratives, is key to understanding market trends.
I hope you've found this thread helpful.
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