I think the collapse of the banking system has started now and that is a natural demand from the market and users will need the defi space ? decentralized finance with full staking tools, borrow? along with the management awareness of DAO. Money will start flowing into crypto, I'm willing to choose to have potential projects inside the rails.
At the same time, I also believe that web3 will be transformed to adapt well to the upcoming bull period.
I cant believe there's the day that we will see it collapse after existed for centuries. Crazy era and it's the chance for us to grow further.
Layer 2 projects are too premature right now so I am expecting a better adoption on layer 2 projects soon, but I won't lose guide though, because after Bitcoin halving in 2024, new utility might rise from the deep and take over, my advice is stay vigilante, always have some stable coins so that you can use to take advantage of any incoming opportunity.
Great advice. Stable coin is always a must to hold but we definitely need some big potential coin that have greater growth in future to look into. Layer 2 like Arbitrum is quite popular recently. Our project FireDAO is built on it. What do you guys think?
Second is DeFi projects, with a lot of issues with centralized banking right now. I am really looking forward to seeing quality DeFi projects that are still new or got still low market cap or are not yet listed on popular exchanges like Binance.
Totally agree. Bank failures were the result of money printing. We are seeing trust shattering from that risk and it's time to really get to the point of decentralized finance - DEFI, I think with time and the facts that are happening, the need The organics of the free market will decide where to choose their beliefs.
I think this is a very positive direction and is consistent with the structure of crypto in the next bull phase.
LFG. People are withdrawing money from bank and move it to decentralized wallet. This is a big incident in history and big leap of movement for blockchain to move further forward.
In my previous topic, what I'm wondering about is launching project during the bear market a good idea. Currently the market is so bearish that most of the investors are not taking much action. But we always have to be sensitive to the market to prepare for the next bull.
So, what kind of project will be more benefited in the next bull??
I've read all the replies after reading OP's post, and I'm not sure whether I understood it wrong or everyone else did, because not even a single person replied the way OP has asked the question. What he actually asked is whether it is a good idea to launch a project during a bear market or not and what kind of a project launched can be profitable in the next bull run.
To OP, I believe that the success of a newly launched project is based on the quality of the project, what it offers, who's in the team, how the development is carried down, tokenomics, roadmap, and a lot more stuff. If users and investors find it interesting, they will invest in the project, whether it is launched in a bear market or a bull market. And the same thing applies to a project being successful or not in a bull run.
Thanks for your honest reply. Create an interesting project is never easy. Even the concept is good, it's not guarantee a success if the team is not managing well or marketing is not interesting enough to attract the eyes of crowd. But working as a team, trust and persistency is very important to break all the obstacle.
