Are we there yet? The next market run hype!
What could be said about the next market bull run? Crypto market is known for its unpredictability, but one thing has always been certain in this space, every crypto market bull rally in the past comes with it's type of hype that triggers and attracts massive users both off and on chain, what sometimes seem to start a new market rally, when we start seeing significant increases such as new projects coming up with different airdrop ideas to attract more user base this little signs shows something is about to start off with the recent social finance web3 platforms (SoFi) emerging from different side the amount of airdrop hunting have increased lately as more users tend to join in on these attractive means of earning from doing simple task of engaging with other users to earn rewards aside the web3 SoFi we are witnessing artificial intelligence (AI) boom as well as the bitcoin halving accompanying with bitcoin exchange traded funds (ETFs) hypes all these are early signs preparing the crypto market for a massive market run.
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Nothing except volatility and speculative of future market prices can be certain in this space, with regulatory policies bottleneck on most crypto projects more alternative measures have been device by most crypto project to meet up with most regulatory rules, which means centralized authorities are becoming to see some positive potential in crypto as these event continues to unfold to make crypto more attractive for new users joining the space new trends and hype are gradually built up from side projects which signals something massive is about to go down, we know things are about to go barr when speculation keeps increasing when crypto folks and newbies cant stop talking about bitcoin halving, Bitcoin ETFs, web3 SoFi and other new tokens.
The last 2021/22 bull run started with DeFi and NFTS hype, we did enjoy and saw millions of dollars pump into both project artistic works were sold for millions tweet were been auctioned for attractive price everyone was happy with the market and we all concluded these hype will never cool off bitcoin saw an all time high value with other major altcoins it was all a moment to be remembered.
NFTS and DeFi which once rock the crypto space and attracted millions of users in the previous market run now seem to be striving to keep up with their trends, the trends have gradually shifted to a new eye catching trend that are predicted to make one of the biggest financial gains in entire financial industry.
Can hypes attract long term growth in crypto?
Hypes are good but also have their negative side especially for an emerging industry like this they can pretty much ingest millions and millions of dollars into crypto market capitalization short term but always fails to retain those millions and users long term, long term growth usecases and adoption is a fundamental principle that will keep users glued to this space, a good question now remains if there can be market rally without hype? As much as we do love the hype where everyone seem pretty happy but a short lived hype only makes the market looks unattractive for long term holders.
Building hype with real world usecase are what will certainly amount to more long term users, short lived hype with no usecases can only lead to another quick market pump and dump such reoccurring events can totally make crypto less attractive for long term holders looking to build a solid portfolio foundation in crypto space.
History has repeatedly shown there can't be massive market run without the hype which means hype in crypto plays a major role in market rally but fails to retain larger number of users long term.
Will this be different are we there yet?
Build! build! build! first thing first before the hype! To attract more attention in this space more usecases will need to be built users need reason why they need to always comeback for more.
Well we have the ETF, SoFi and AI hype all ready to explode to print more gains for investors, with these new disruptive trends coming to trigger the next market run will there be more users folking the crypto space or will it be another bull market run that will make another all time high leaving the space with less built usecase?
Are we there yet? Certainly we can only be certain about hitting the mile when disruptive usecase are built the new ETF looks very promising we can't always predict the future but remain optimistic about it.
This new hype seem to centred on attracting more web2 users both from centralized finance to centralized social aspect which looks very promising for crypto adoption.