"Dancing Demons", is the bull market over?

Recently, "animal coins" are flying around, and all kinds of imitation disks are dancing around. Many investors are worried: Is the bull market coming to an end? Because based on past historical experience, the bull market is often accompanied by various rubbish coins dancing in turn.

Just recently, Jiang Zhuoer expressed his views on this. He believes that the current bull market has not yet come to an end, and he gave a number of reasons. Among them, I think there are two more valuable ones:

One is that he mentioned that a classmate who has not been in touch with him for many years recently started to contact him about how to buy coins. When newcomers enter the market, they often start with a small capital investment, and when they earn money, they will get carried away with a large capital investment, and finally wish to borrow money to invest, and at the last step, the market will peak.

Judging from the current situation, it is estimated that many newcomers are still in the stage of testing the water with small capital, so there is still a long way to go before the climax.

The second is that he mentioned that the second half of the next bull market will be the climax. And the climax of the second half of the market will rise much higher than that of the first half. If the increase in the first half accounts for 30% to 40% of the increase in the entire bull market, the increase in the second half may account for 60% to 70% of the increase in the entire bull market.

I agree with these two points of view.

In addition, I feel that there are two other characteristics of the bull market: that is, almost all the benefits will be exhausted, and all value coins will rise to the sky.

Let's first look at "all the benefits will be exhausted".

At present, in my opinion, the relatively big positives include Uniswap’s second-layer expansion and Ethereum 1559’s launch.

Among them, the launch of Uniswap's second-layer extension will benefit the entire DeFi, accelerate the maturity of the entire second-layer extension ecology, and push up the popularity of DeFi and the second-layer extension ecology. Although some leading projects such as Polygon in the expansion of the second layer have shown a strong momentum, I feel that this momentum seems to be limited to the circle and has not yet gone out of the circle. Therefore, I expect Uniswap's second-layer expansion to fully stimulate this enthusiasm.

The launch of Ethereum 1559 is even more worthy of attention. Some time ago, the market conducted a survey and statistics on the attitudes of major projects and miners in the circle to 1559. The results showed that attitudes were more divided. How this split will affect 1559, and how it will affect the next development of Ethereum will be revealed soon.

But I feel that 1559 is unstoppable, and it will definitely go online in the end.

With the current expansion of the second layer and the vigorous development of similar ecosystems of Ethereum such as BSC and HECO, once 1559 goes online, the price ceiling of Ethereum will be opened, and the second half may be the highlight of Ethereum.

Regarding "all value coins will rise", I think it is a more noteworthy indicator. Among the many top DeFi tokens I have listed for fixed investment, many of them have risen at least 10 times from the fixed investment price I set, and currently only CRV is still hovering at around $3, which is 2% higher than the fixed investment price I listed last year. The dollar is only 50% higher. Therefore, I think CRV is undervalued relative to other tokens. I don't think the bull market is at or near a climax for CRV at its current price.

So based on the above reasons, I think that although there are some chaos in the circle, these chaos are still just small bubbles, which are far from enough to show that the bubble is big enough to collapse.

However, although the second half will be a climax, the climax will not allow everyone to enjoy the excitement and joy so easily. It will be mixed with pain and even tragedy-the specific performance is that there is likely to be another plunge. The magnitude of this plunge may even be as large as 30% or even 40%, which is large enough to completely crush and cleanse the group of newcomers entering the market now, and then go into battle lightly and have a vigorous climax.