Home web3.0 Will the virtual currency bull market come again? when will you arrive? Current market trend analysis

Will the virtual currency bull market come again? when will you arrive? Current market trend analysis

Jul 12, 2024 pm 02:03 PM
Bitcoin bull run Virtual currency bull market Cryptocurrency trends Virtual currency market analysis

Will the virtual currency bull market come again? when will you arrive? Analysis of current market trends! In the past, the bull market usually came about half a year after the Bitcoin halving. If we look at past history, this round of bull market may not come until after October this year. It is only June now, so there is no need to worry. Not to mention that this round is particularly difficult. Like in the past, we all need to be patient before the bull market arrives.

1. What do you think of the Ethereum ZK L2 system TAIKO, which is also supported by Vitalik?

I knew a little bit about this project earlier, but I didn’t pay much attention to it. Mainly because I couldn’t see its characteristics as a whole, so I didn’t pay much attention to it. In addition, because my time, energy, and financial resources are very limited, I am not willing to participate in this project.

Vitalik often mentions various projects in his articles. Some people may think that this is his platform for these projects, but I don’t think so. I think sometimes he evaluates a project purely from a technical perspective.

There are many such cases in his articles.

For example, very early on, the Loopring team used ZK technology to build a decentralized exchange. At that time, this exchange was mentioned by Vitalik on various occasions. I think from a technical perspective, this exchange was indeed very avant-garde at the time. It was probably the first decentralized exchange to use ZK technology at the time.

From a technical perspective, Vitalik’s mention of it is very appropriate, and his purpose is also very clear---to encourage the Ethereum ecosystem to vigorously promote and use ZK technology.

But I didn’t buy coins from this exchange because of this, mainly because the ZK technology at that time was still very immature, and that exchange still had great limitations in terms of scalability, and it was obviously unable to compete with Uniswap.

Whether a project can ultimately develop or grow is related to many factors, and technology is only one of them. Therefore, I think we can carefully study and understand the projects mentioned by Vitalik, especially in terms of technological foresight and guidance.

But you still have to make your own independent judgment on whether to participate in the projects he mentioned.

2. How do you feel that this bull market is difficult?

I think it all depends on how you define a bull market.

If according to my standards, a new bull market has never come since the last bull market crash, because Bitcoin and Ethereum have not both reached a new historical high (it is just that Bitcoin has passed the previous historical peak ).

Bull markets in the past usually arrived about half a year after the Bitcoin halving. If we look at past history, this round of bull market may not come until after October this year.

It’s only June now, so don’t worry, and don’t think this period is particularly difficult.

This round, just like in the past, we all need to be patient before the bull market arrives.

3. It has been ten years since Li Ka-shing left the mainland. Does it seem like he left too early or too late?

Mr. Li Ka-shing is a senior businessman that I admire very much.

I don’t like to comment on such a senior using the emotional viewpoints that are generally popular on the Internet. I have always believed that as long as you abide by the law and donate a lot to charity, there is nothing to fault. With this alone, the old man can contribute more to society than most people can in their lifetime.

I saw a piece of news on the Internet earlier: In February this year, Mr. Lao’s parents from his hometown went to Hong Kong to visit Mr. Lao.

The details of the external news report mentioned that the old gentleman responded very politely (to the effect): As long as there is an opportunity, the old gentleman will definitely do his best for his hometown and country.

I think this statement has clearly shown the old gentleman’s own views on whether it is early or late to leave the mainland.

4. How about AMPL?

I bought this coin during the last bull market, and I also received an airdrop of its governance tokens for providing liquidity, so I was deeply impressed.

But when the last bull market was nearing its peak, I sold them all. Later, I no longer saw any special innovations or new directions in the project, so I never bought it again and gradually forgot about this project.

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