1. DeFi (decentralized finance)
Representative projects in 2021:
DeFi tokens such as Aave (AAVE), Uniswap (UNI), SushiSwap (SUSHI), and PancakeSwap (CAKE) have received huge attention and growth in the 2021 bull market, with some projects achieving more than 100-fold increases.
Potential projects in this bull market:
GMX: Focusing on decentralized contract trading, GMX is developing rapidly in the field of DeFi derivatives.
dYdX: As a decentralized derivatives trading platform, it excels in contract trading.
Radiant Capital (RDNT): is a cross-chain lending protocol designed to transfer funds from one chain to another and promote DeFi interoperability.
2. Layer 1 public chain
Representative projects in 2021:
Emerging public chain projects such as Solana (SOL), Avalanche (AVAX), Fantom (FTM), Terra (LUNA), etc. have achieved a hundredfold or even higher growth in the 2021 bull market because they provide new competitive options for Ethereum and perform well in speed and cost.
Potential projects in this bull market:
Sui (SUI) and Aptos (APT): These two emerging public chains use a new programming language, Move, to improve transaction speed and security.
Cosmos (ATOM): Although not a new project, it may gain more attention in this bull run due to its cross-chain technology and interoperability.
zkSync and StarkNet: These Layer 2 solutions provide scaling capabilities for Ethereum and may see significant growth in the future.
3. NFT and the Metaverse
Representative projects in 2021:
Axie Infinity (AXS), The Sandbox (SAND), and Decentraland (MANA) are star projects in the metaverse and NFT fields, and some of their tokens have risen more than 100 times in the bull market. Axie Infinity is particularly prominent as a "Play-to-Earn" model.
Potential projects in this bull market:
Immutable X (IMX): A Layer 2 scaling solution focused on the NFT market, allowing users to mint and trade NFTs at low cost.
Gala Games (GALA): Continues to expand into the GameFi space, focusing on the development and distribution of blockchain games.
Otherside: The Metaverse project launched by Yuga Labs, the parent company of Bored Ape Yacht Club, is extremely well-known in the NFT community.
4. Meme Tokens
Representative projects in 2021:
Dogecoin (DOGE) and Shiba Inu (SHIB) are typical meme tokens in the bull market of 2021. Shiba Inu has experienced an amazing 100-fold growth, mainly relying on the power of the community and the promotion of social media.
Potential projects in this bull market:
Pepe (PEPE): is a new meme token that has attracted considerable attention in early 2023 and has the potential to gain hype again in the bull market.
Floki Inu (FLOKI): Continues to maintain a certain level of popularity in the meme field and may explode again in the bull market.
5. Layer 2 Scaling Solutions
Representative projects in 2021:
Polygon (MATIC) has achieved tremendous growth in the bull market. As Ethereum's Layer 2 expansion solution, Matic solves Ethereum's high cost and low efficiency problems and becomes one of the preferred expansion solutions in the DeFi and NFT fields.
Potential projects in this bull market:
Arbitrum (ARB) and Optimism (OP) are two major Ethereum Layer 2 solutions that focus on reducing transaction costs and increasing transaction speeds.
zkSync and StarkNet: Layer 2 solutions using zero-knowledge proofs, these projects have the potential to drive wider adoption of Ethereum in the coming years.
6. Web 3.0 Infrastructure
Representative projects in 2021:
As the leader in decentralized oracles, Chainlink (LINK) provides reliable data support for DeFi projects, and its price has risen sharply during the bull market.
Potential projects in this bull market:
The Graph (GRT): A Web 3.0 infrastructure project that provides decentralized data indexing services and may benefit from the application of more Web 3.0 projects.
Helium (HNT): With the growth of decentralized wireless networks, Helium has the potential for widespread application in the Internet of Things.
in conclusion
Most of the projects that achieved a hundredfold growth in the 2021 bull market are concentrated in the fields of DeFi, Layer 1 public chains, NFT, Metaverse, Meme tokens, and Layer 2 expansion solutions. In this round of bull market, similar projects or emerging projects in these fields are likely to perform well again. Investors can focus on innovative public chains, DeFi expansion protocols, emerging Layer 2 technologies, and further development of NFT and Metaverse.
