The recent market situation is really a bit unpredictable. Yesterday, Bitcoin soared to nearly 35,000 US dollars, and Ethereum directly broke through the previous high, reaching 1473.97 US dollars. The market seems to be picking up as a whole. In the early morning of the 26th, the market situation took a turn for the worse. Bitcoin fell to $31,000, and Ethereum also fell below $1,300.

For those of us who don't have a lot of funds, this volatile market is really tormenting, and there are always lingering worries. We are still thinking about whether the market will go left or right. We should throw away our hands. Chips, or hold the chips in your hand?

Of course, many people are questioning that the market will go all the way down during the shock, and this round of bull market is over. But in fact, this is almost impossible. Big players are still accumulating money, and Grayscale, the giant whale that represents the market trend, is still buying. It also bought 30,000 bitcoins last week.

There are more than 100 million cases of new coronary pneumonia in the world, and the epidemic situation has not improved significantly. The continuous issuance of currency in various countries has become a routine measure to stimulate the economy. The depreciation of currency is already an irreversible thing. More and more traditional investment institutions have adopted Bitcoin as part of their investment portfolio. Recently, the North American mining company Marathon Patent Group purchased about 4,813 bitcoins worth $150 million. The endowment funds of Harvard, Yale and Brown University have also started to buy bitcoins. The endowment funds of these famous schools are very powerful in the market. They have gathered the wisdom of many celebrities around the world, which can be regarded as a very positive signal for the future.

Bitcoin's highest price of 40,000 US dollars is only doubled compared with the high point of the last round of bull market, which is far from satisfying the appetite of capital. The upward trend of Bitcoin has not changed, and the current shock is only for a better rise. In fact, if you look at the market in a bull market, it is most likely to experience sharp rises and falls. On the one hand, it is because the amount of funds cannot keep up after the sudden pull, people's situation is in a sharp drop, greed and panic will affect our transactions; on the other hand, more funds will participate in the bull market, and the transaction Firms and market makers will join forces to explode the contract to obtain greater benefits, so in a bull market, the contract is often the most risky time.

Bitcoin has actually entered a stage of adjustment. As Bitcoin starts to adjust, DeFi tokens and Ethereum began to strengthen. Although Ethereum rushed up and fell back, it also broke through to $1,473 on 1.24, but its upward trend is still optimistic. DeFi tokens such as AAVE, Uni, and Sushi also experienced extraordinary growth. The total market value of DeFi projects exceeded 40 billion U.S. dollars, setting a record high. According to real-time data from the DeFi portal DeFiBox.com, the lock-up volume in the DeFi market reached 29.118 billion US dollars, a new high.

AAVE has surpassed EOS and is currently ranked 14th. AAVE has become the leader in the field of DeFi lending and is a currency with great potential. Uni is the token of Uniswap. It brings the concept of AMM (Automatic Market Maker) into DEX. The latecomer ranks 12th, and it is the leading project in the DEX field. Sushi is indeed a very powerful currency. I hold some sushi, but I bought it when it was more than 8 US dollars, and then it fell all the way to about 1 US dollar. Finally, now I am free again, and the vitality is really strong. , SushiSwap is also one of the best DEXs currently.

This round of bull market has really brought about many changes, and the current situation should exceed the original imagination of many people. Now more and more DeFi tokens are in the top 20, LINK ranks 7th, UNI ranks 12th, and AAVE ranks 14th. Every round of bull market will bring a series of changes in market value, and the market value ranking is always strong. This time, except for Bitcoin and Ethereum, the original top 10 varieties may be exchanged at any time.

If you look at the old tokens such as BCH, LTC, and EOS now, they really can’t keep up with the development of the times. The rising speed is slow, and it has been far behind by some newly emerging tokens. We have seen the continuous transcendence of DOT, LINK, AAVE, and UNI, and the vitality displayed. The performance of old tokens such as BCH, LTC, and EOS will cause more holders to lose confidence and will be slowly replaced.

On January 10th, Block.one Chief Technology Officer (CTO) Dan Larimer (BM) announced on the HIVE blog that he has resigned from the position of block.one CTO. Block.one is the development company behind the EOS blockchain. It can be said that BM created EOS single-handedly. BM withdrew, and I think there are two points: ①The downturn in the EOS market, after all, EOS was once considered the biggest challenger of Ethereum, and the holders are dissatisfied with Block.one's inaction, and someone needs to take the blame. BM is the best candidate as CTO. ②The downturn in the EOS market made BM see no hope at all, and BM abandoned EOS. The second possibility is more likely. EOS may really not have much hope, and established currencies such as XRP, BCH, and LTC may all face the situation of being eliminated by the market.

DeFi will be the hottest sector in this round of bull market. If you want to get more profits, you must participate. If you are still clinging to pomelo, Ripple, Latiao, and Taizi, there may still be a market in the future, but it is difficult to outperform the market by a large margin. DeFi has become the most active and hottest sector in the market, and a sector with more funds invested has become a leading sector in the currency circle.

The strong are always strong, and the aggregation effect will make the DeFi sector stronger and stronger. In the current currency circle, the quality of the participants is relatively high. Like the situation in 2017 when a random project would skyrocket, investors will no longer buy it; investors are more rational now, and they are more rational for popular projects. More energy and money will be invested in the project. Only by grasping the tap can we obtain greater benefits. At present, the largest leading field in the currency circle is DeFi.

The bull market will not simply end, and the upward trend has not changed. In the current market, apart from pancakes and ether, DeFi is the most worthwhile field to invest in. Come on, I hope we can all make money in the bull market.