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Founder of Nansen: 11 major catalysts and 6 major trends in the new bull market

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A BTC spot ETF may be approved within months, with institutions entering the market. The worst is over, the sellers who were forced to sell have disappeared and the fraudsters are behind bars.

Original Title: "Nansen Founder: 11 Catalysts for the New Bull Market, 6 Major Trends to Watch"

Original Source: DeepTechFlow

Recently, the cryptocurrency market has performed well. Alex Svanevik, the founder of the blockchain data analysis platform Nansen, released a Twitter analysis of 11 catalysts that are driving a new bull market. These catalysts include:

1. The worst time has passed, the sellers who were forced to sell have disappeared, and the scammers are locked up in jail;

2. BTC spot ETF may be approved in the coming months, and institutions will enter the market;

3. Financial technology companies are entering the blockchain industry. PayPal's issuance of stablecoins is like a canary in a coal mine (a particularly sensitive indicator of economic fluctuations, representing a signal). Other financial technology companies will also take similar measures, and some banks will launch stablecoins in 2024.

4. We have seen new products that are truly worth participating in social and gambling.

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

6. In the past 2 years, Web3 games developed have started to be released. I have played several, but we only need one stunning game.

7. Technological advancements have made it easier for ordinary people to join the world of cryptocurrency. Gas fees on L2 and other chains are lower, and account abstraction means that there is no need for a mnemonic phrase to enter the world of crypto.

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

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

10 The Federal Reserve's monetary policy has not even turned yet (it may cut interest rates in the future);

11. Bitcoin will experience halving next year.

In addition, Alex Svanevik believes that DeFi 1.0 gained profits from liquidity mining and Ponzi schemes, which is not sustainable. DeFi 2.0 gains profits from LST and RWA, which is sustainable. In his opinion, DeFi 2.0 has already begun.

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

1. Financial Technology Front-end + Encrypted Back-end

For example, PayPal 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 backends makes more sense, as platforms can survive on capital returns.

3.RWA – (especially US bonds)

Tokens issued for national debt may actually consume a significant amount of stablecoin supply.

4.Web3 Games

In the next 6 months, we will see the release of a game that has been in development for over 2 years. Although most will fail, a few may achieve great success.

Alex is optimistic about SIPHER Odyssey, MixMob, and Axie Infinity.