Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert
Zero fees, no slippage
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
Venture Capitalist Chris Burniske Says Subtle Signs of Crypto Bull Market Flashing Amid Depressed Sentiment

Venture Capitalist Chris Burniske Says Subtle Signs of Crypto Bull Market Flashing Amid Depressed Sentiment

Daily HodlDaily Hodl2024/09/14 16:00
By:by Alex Richardson

Investor and former crypto analyst at ARK Invest Chris Burniske says that digital assets are showing subtle signs of an early bull market move.

Burniske, a partner at venture capital firm Placeholder, says that modest rallies amid bearish market sentiment bode well for crypto assets.

“Continuing to see subtle green shoots, while public sentiment remains depressed.”

Zooming in, the investor flags some under-the-radar ecosystems that he says are showing contagious enthusiasm, helping to drive the crypto market cycle to his $10 trillion market cap target.

“Contagious enthusiasm coming from up-and-coming ecosystems like that of Celestia or Move (Aptos, Movement Labs, Sui Network) While the majors of Bitcoin, Ethereum and Solana continue getting after it –

Eyes on $10 trillion, don’t get shook.”

Previously, Burniske said that the Move ecosystem was something he had his eye on for the current market cycle.

Move is a programming language originally built by a consortium backed by tech giant Meta for the now-defunct Diem project. It was then used to develop layer-1 blockchains Sui ( SUI ) and Aptos ( APT ).

Said Burniske,

“I think it’s worth paying attention to – even though it’s very small at this point – the Move ecosystem so things like Movement, Aptos, Sui…

People are not really talking about that ecosystem right now in a way that I find interesting, because I always like to go where people aren’t talking about something much. It’s an uncrowded wave that might get very good.

When you look at the birth of Move and Sui and Aptos, it came out of Meta. That’s a big deal. People don’t realize how much time and work and money went in from the Meta side to make something for normies, that got pulled in the last week before launch… And then spread out to the broader ecosystem.”

Don't Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X , Facebook and Telegram

Surf The Daily Hodl Mix


Generated Image: DALLE3

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!