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Ignas: The second round of the bull market is unfolding, what catalysts are leading the rise in coin prices?

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Ignas: The second round of the bull market is unfolding, what catalysts are leading the rise in coin prices?

Cryptocurrency analyst Ignas believes that the first round of the bull market has ended, and the second round is about to begin. Innovations in the Bitcoin ecosystem, new forms of leverage construction projects, and the expectation of more airdrops are all important catalysts for this bull market. The current market outlook appears to be very optimistic!

Chaos Has Been Mostly Cleared, Setting the Stage for the First Bull Market

Cryptocurrency analyst Ignas believes that the first round of the bull market has ended, which included:

  • Cleaning up the chaos caused by the last bull market, winning multiple lawsuits, and deleveraging
  • The approval and listing of a Bitcoin spot ETF
  • The flourishing development of the SOL ecosystem
  • Opportunities for some airdrops

Catalysts for the Next Bull Market

Ignas believes that the second phase of the bull market has begun, including:

  • Further victories against regulatory agencies
  • Speculation on a rate cut in the United States
  • The potential approval of an ETH ETF driving speculation
  • Inflows of funds into a BTC ETF

Grayscale's net outflows hit a new low, Bitcoin ETF trading volume reaches new highs, and Bitcoin surges above 57K

Regarding developments on the chain, Ignas also points out several important positive factors:

Innovations in the Bitcoin Ecosystem

More innovations are being made in the Bitcoin ecosystem through protocols like Runes, L2, and BTC-native dApps.

Aside from the above, how does the Rune protocol drive market speculation once again?

New Forms of Leveraged Construction Projects

Various re-staking projects have emerged recently, such as EigenLayer, upcoming updates from Polygon, Cosmos' multi-chain ecosystem, Solana's Picasso project, and Near's Octopus Network.

Aside from EigenLayer, what are some other re-staking projects that have emerged recently?

There is also the introduction of Liquid Restaked Tokens (LRT) project, which attracts market attention with the perspective of multiple returns.

Details on the opportunities and risks associated with the Liquid Restaked Tokens (LRT) project

Furthermore, there is the Ethena project, which claims a high annualized return of 27.6% by utilizing ETH staking returns along with hedging returns from perpetual contracts, all without relying on traditional finance.

Ethena, the issuer of stablecoin USDe, secures additional funding led by Dragonfly Capital and Arthur Hayes

All of these projects operate in new leveraged ways, sparking recent trends.

Anticipating More Airdrops

Of course, there are more airdrop expectations, including Eigenlayer, Wormhole, LayerZero, Blast L2, LRT Protocol, and others, which Ignas believes are all catalysts for the second wave of the bull market. Therefore, Ignas sees the current situation as very optimistic!

This article is not investment advice, please DYOR