AMA Highlights Revealing the Bull Markets Trump Card Top Institutions and Analysts Forecast the Second Half of 2024

June 4th (Tuesday) Space theme “Outlook for the second half of 2024, how do top institutions and analysts view the current bull market phase?” will be condensed and presented to readers.
(Prior context:
Envious of making a fortune on NVIDIA stocks? Focus on potential encrypted AI token projects
)
(Background:
With a 2000% increase in value this year and listing on Binance, revealing the “gold mining production line” behind Kaspa coins
)
Table of Contents
Guests
Primary market hotspots and analysis of various tracks
Overall economy, current stage of cryptocurrency market
Focus on tracks and analysis in the second half of the bull market
On June 4th (Tuesday), Dynamic Zone will hold a Space event at 20:00 (UTC+8), with the theme “Outlook for the second half of 2024, how do top institutions and analysts view the current bull market phase?” Five heavyweight guests have been invited to share trends and tracks worth paying attention to in the second half of 2024 with readers and listeners, as well as the atmosphere in the primary market at the current stage. Dynamic Zone will summarize the essence as follows!
Andrea
– Oak Grove Ventures Investment Partner
Lao Bai
– ABCDE Investment Partner
Phyrex
– Data Porter
Zhusu
– OX.FUN advisor
Mable Jiang
– Find Satoshi Ventures
Primary market hotspots and analysis of various tracks
Due to the positive narratives related to traditional finance in the first half of the year, combined with a large number of projects related to the Bitcoin ecosystem being invested in the primary market last year, it seems to have cooled down a bit.
Recently, some KOLs or industry insiders have suggested that the primary market may have entered a cooling-off period, with some projects being overvalued and the primary market unable to generate FOMO.
Mable:
Binance made an important announcement on May 20, marking a turning point in the market.
The secondary market’s capacity for absorption is slightly weaker
Many overvalued VC Rounds, the current cycle is more suitable for Founders Rounds
Founders are more inclined to reduce VC investments for the following reasons:
Most funds are only for capital and cannot bring additional value
.
Lao Bai
Most familiar funds are currently adopting a wait-and-see attitude and are less active in the primary market.
There is currently less innovation from scratch to one
, and the low-hanging fruit has been picked in the previous DeFi Summer and NFT eras.
Apart from the Modular Blockchain track
, there are no tracks causing FOMO in the primary market.
Andrea:
Funds are divided into two types: own funds and external LP funds
Funds with external LP funds are more actively investing, eager to deploy capital
Funds with own capital are relatively conservative and may extend the unlocking time due to unfavorable market conditions, with a change in investment style, now
paying more attention to whether the projects have user adoption, rather than just looking at infrastructure, funds are more focused on applications and user data.
Zhusu:
There is not strong demand for Infrastructure-type tokens.
Primary market investors are turning to the secondary market because of long wait times and the possibility of not receiving tokens.
Buying tokens in the secondary market has become more attractive, with more opportunities for retail investors to buy tokens directly,
making the new market state more fair.
Lao Bai:
New projects have raised valuations to hundreds of millions in Series A, with European and American VCs taking over at high valuations.
The off-exchange trading price of new coins is similar to the exchange opening price, making the market more efficient
In the last bull market, new coins peaked at the opening, with limited space, such as EtherFi opening at a 7 billion FDV.
A few new coins like Celestia and old coins like RNDR outperformed BTC.
If valuations do not decrease, meme mainstream may appear,
the market may self-correct in the event of a sharp decline.
Phyrex:
Whether the Federal Reserve cuts interest rates is the main point of contention in the market.
The possibility and timing of interest rate cuts have a direct impact on the cryptocurrency market.
The market is expected to perform well during the US election cycle
, investors can adjust their investment strategies based on relevant data.
Lao Bai: It’s difficult to find undervalued projects
Warmhole had an off-exchange price of $1.6 and an FDV of $16 billion before launch, but fell steadily after launch, Arbitrum’s coin price remained the same but market cap increased by 70%, annualized inflation is 60-70%, and StarkWare had an FDV of $20 billion at launch, but only had 8-20 active users on-chain.
Personal holdings do not represent low valuations, Solana, AR (expected due to AO launch), CKB Bitcoin expansion so