Since the last time the market fell to 50,000, Shanzhai has been sluggish. Many friends asked Qingtian, is there still hope for Shanzhai? Will Shanzhai's bull market come again?$BTC

In the last round, total3 (the total market value of cryptocurrencies excluding BTC and Ethereum) rose from 50 billion USD to 1.2 trillion USD, and now total3 is around 600 billion USD, only two times the peak of the last round. In other words, a better copycat may only have a five-fold increase, while a worse copycat may not have any increase at all.

The consensus is: If there are no projects like Axie, Bored Ape, Punk, etc. that come out in this round, the copycat season will be difficult to come.

From the perspective of ETFs: the approval of ETFs will increase liquidity in the crypto market, which is a positive for the altcoin season. The ETFs of Bitcoin and Ethereum have been approved, and traditional institutions or traditional investors will sell their ETF holdings for hedging (speaking of ETFs, I want to complain about ETH, which is really a disappointment this time!)

Looking back at history, we will find that each sector is actually rotating rather than pulling up at the same time. So the rise of the bull market is divided into several waves, and each wave may be pulled up by a different sector. For example, when GameFi broke out completely in the second half of 2021.

There are consortiums behind many projects. They will consider which sectors to hype in this round of bull market, what targets to choose to invest in, etc.

As long as you choose the right track or target, it is very likely that you will seize opportunities of dozens of times return.

However, the market performance of VC coins in this round can be said to be very poor. After the bubble came up, retail investors and VCs did not take over each other, which led to the increase in the last round of unlocking, but the increase in this round of unlocking, the decrease in the market. For example, ARB, OP, etc., and the US stock market sucking the blood of the coin circle also caused the poor performance of VC coins.

So for copycats, are there any quality tracks worth ambushing? (Not discussing memes)

Qingtian thinks that the Depin project may be a good opportunity, and Depin can use selling hardware as a breakthrough. There is also RWA. The most important thing about RWA is that it can break the barriers between web2 and web3 in terms of compliance. (There are currently no leading projects in the Depin and RWA tracks. Depin has a greater opportunity in this cycle, while RWA may cross the cycle).

I am Qingtian, an old leeks who sincerely wish you to become rich!