Recently, the crypto market has performed well. Alex Svanevik, the founder of the blockchain data analysis platform Nansen, released a Twitter analysis of 11 catalysts driving the new bull market, including:

1. The worst time has passed, forced sellers have disappeared, and scammers are locked up;

2. BTC spot ETF may be approved within months, institutional participation;

3. Fintech companies are entering the blockchain space, PayPal's issuance of stablecoins is a canary in the coal mine for economic volatility, other fintech companies will take similar actions, and some banks will launch stablecoins in 2024;

4. We are seeing new products worth participating in social and gambling activities;

5. NFT trading volume bottomed out a month ago and has since been on the rise;

6. Web3 games developed in the past 2 years have started to be released. I've played several, but we only need one amazing game;

7. Technological advancements make it easier for ordinary people to join now, L2 and other layer 1 gas fees are low, and account abstraction means entering the crypto world without the need for mnemonic phrases;

8. The DeFi space is now powered by liquidity staking tokens (LST) and real-world assets (RWA), with yields not relying on Ponzi schemes;

9. MicroStrategy's unrealized profit from Bitcoin has exceeded $1 billion, which will make enterprises FOMO;

10. The Fed's monetary policy has not even shifted yet (possible rate cuts in the future);

11. Bitcoin will undergo halving next year;

In addition, Alex Svanevik believes that DeFi 1.0 gained profits from liquidity mining and Ponzi schemes, which is unsustainable. DeFi 2.0 gains profits from LST and RWA, which is sustainable. In his view, DeFi 2.0 has already begun.

In October, Alex Svanevik shared six trends in the cryptocurrency market on Twitter:

1. Fintech frontend + crypto backend

For example, PayPal already has stablecoins, and Revolut allows you to stake ETH.

2. Gambling and betting

L2 and account abstraction make it easier for ordinary people to use applications, and relying on DeFi backend makes more sense. Platforms can rely on capital returns to survive.

3. RWA – (especially US bonds)

Tokenized government bonds may actually consume a large amount of stablecoin supply.

4. Web3 Games

In the next 6 months, we will see games released after over 2 years of development. Although most will fail, a few may achieve huge success.

Alex mentioned being optimistic about SIPHER Odyssey, MixMob, and Axie Infinity.

5. Decentralized Social

Using friend.tech as an example, SocialFi will have a place in the cryptocurrency field after a few generations of iteration.

6. NFT Combined with Physical Goods

For example, Pudgy Penguins toys are available on Amazon and the Pudgy Toys merchandise is sold in Walmart stores in the United States.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。