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Mainly talking about: 2021, 2023, 2024 bull market analysis comparison and copycat track summary

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2021 bull market review

Stage characteristics:

BTC started early, ETH made efforts in the later period, and the copycat track rose generally.

Platform coins, Meme, public chain, metaverse and other tracks performed well.

The DEFI track was only active in the first half of the year and weakened in the second half of the year.

Background: A large-scale water release cycle, liquidity drives the market to rise generally.

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2023-2024 market highlights

Stage characteristics:

BTC and ETH led the rise, and some public chains and Meme tracks took over.

Public chains (SOL, SUI), AI (ARKM), and L2 (ARB, OP) began to emerge.

Although the game track has performed well, the increase is limited.

Background: ETF expectations + suspension of interest rate hikes, limited capital inflows, and concentrated hot tracks.

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Current situation and future outlook in 2024

Current hot spots:

The increase of BTC and ETH drives the Meme and L1 tracks.

The recent efforts of ETH may trigger a general increase in the entire track of Shanzhai.

Future highlights:

Interest rate cuts, new presidential policies, the end of balance sheet reduction, and the superposition of ETFs may continue to boost the market.

New public chains (APT, SUI), AI+Meme, and L2 are still the key directions.

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Investment ideas:

Focus on tracks: Meme, public chains, L2, AI narratives.

Reference projects: Binance listing, US macro trends, emerging narratives (such as RWA).

Time and currency selection: Combine market cycles and emotions, pay attention to exit strategies at high levels.

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Summary: The bull market has obvious phased rotations, focus on the main narrative line, and grasp high-quality projects. The market is anti-human, rational FOMO, DYOR!