Crypto analyst Ignas believes that the first round of the bull market has come to an end and the second round is about to start. He pointed out that innovation in the Bitcoin ecosystem, new leverage projects and the expectation of more airdrops will be important driving forces for this bull market. The current market sentiment is bullish and the outlook is optimistic.
The chaos has been largely cleared up, creating the first wave of the bull market
Crypto analyst Ignas believes that the first round of the bull market has ended, and the process includes:
Cleaned up the chaos caused by the last bull market, won multiple lawsuits and carried out deleveraging actions
The Bitcoin Spot ETF was listed
The SOL ecosystem is booming
Welcome some airdrop opportunities
Catalyst for the next bull market
Ignas believes that the second phase of the bull market has already begun, including:
Further victories against regulators
Speculation of U.S. interest rate cuts
ETH ETF may adopt speculative psychology
BTC ETF’s capital inflow increases
while on the chain In terms of development, Ignas also pointed out several important positive factors:
Innovation in the Bitcoin ecosystem
Through the Runes protocol , L2 and BTC native dApps to innovate more on the Bitcoin ecosystem.
New forms of leverage construction projects
There have been a variety of re-pledge projects recently, such as EigenLayer, Polygon’s future updates, Cosmos’ multi-chain ecosystem, Solana’s Picasso project, and Near’s Octopus Network.
There is also the Liquid Restaked Token (LRT) project that emerged with the re-pledge project, attracting market attention from the perspective of multiple benefits.
As well as the Ethena project, which boasts that it does not need to rely on traditional finance, using ETH staking income, plus the Delta hedging income of the perpetual contract, the annualized return rate currently claimed is as high as 27.6%.
The above is the detailed content of Ignas: The second round of the bull market will begin! What catalysts are driving currency prices higher?. For more information, please follow other related articles on the PHP Chinese website!