Original title: "if there is an encrypted bear market, is there really" gold "that can be picked up?"

Author: Mu Mu

There is a saying that "bull market is the easiest to lose money, and bear market is the real time to pick up money". Many people are confused. Why does it feel like the opposite? How can a bull market lose? Shouldn't a bear market cut meat? However, for those who have really crossed the bull and bear market, they have a deep understanding, because most people are too greedy to catch up with the lost money in the bull market, and the bear market with widespread panic is a good time to pick up cheap and underestimate chips.

Recently, due to the aggravation of the cycle and the environment, many big V began to predict the arrival of the bear market. If there is a big bear market, what cheap "gold" can they pick up?

From past experience, we can focus on projects that meet the following conditions:

1. Track direction with "future"

2. Projects with long-term value (able to survive through cattle and bears for a long time)

3. Items with undervalued market value during the bear market

It seems not difficult to meet the above conditions. The following questions will cite some projects with high certainty according to different tracks.

Yuan universe

There is no doubt that the "next generation Internet" metauniverse is the most potential track, and it is still in the early stage of the development of the metauniverse. There must be a lot of "gold mines" to be explored in the future. The concept of meta universe not only includes encryption projects, but also the active participation of traditional Internet companies and hardware companies, which also brings diversified attention to "targets". If the metauniverse is the future, the following companies or projects will probably be the big winners in this field:

As the two sandbox game platforms closest to the ideal form of the meta universe, decentraland and the sandbox have also passed through the bull and bear projects, and they are also one of the few "gold" in the last round of bear market.

These two crypto meta universe platforms have been recognized by a large number of external institutions, stars and KOL, and have been cooperating continuously. Recently, for example, decentraland has attracted influential institutions and figures such as JPMorgan Chase, Samsung, Lin Junjie and Sotheby's; The sandbox attracted: HSBC, the South China Morning Post, gouye, Ubisoft, Shu Qi, etc. made great efforts to cooperate. Even last month, big V tweeted that "meta is going to buy the sandbox" (unconfirmed). Subsequently, Yat Siu, co-founder, executive chairman and managing director of animoca brands, the parent company of the sandbox, responded that the acquisition of the sandbox by meta is not true, However, officials of animoca brands have not yet commented on the matter.

Decentraland, founded in 2017, is an old-fashioned decentralized virtual world. Based on its first mover advantage, it also precipitates rich content. The sandbox has better visual effect than the VR in the future.

Compared with decentraland, the sandbox has a stronger sense of pixels in voxel images, but this is its advantage. Its game maker software can quickly design games without any professional knowledge, flexibly realize more ideas, and the designed games are more playable and open.

Layer 2

Recently, Reuters reported that immutable x, NFT's two-tier expansion solution, completed $200 million financing at a valuation of $2.5 billion. Temasek led the investment. The investors include mirae asset, parafi capital, declaration partners, Tencent holdings, etc. Not long ago, polygon, the second floor expansion plan of Ethereum, completed a new round of financing of US $450 million, which was led by Sequoia India and participated by Softbank, galaxy, tiger and Republic. Just as organizations have smashed into the field of layer 2, we should understand that this is the next gale.

Source: l2beat

In addition to L2, where token has been launched, there are several well-known projects that still release token, such as TVL No. 1, arbitrum, zksync is the first EVM compatible ZK rollup, starknet, etc.

In short, if these projects are launched in Shenxiong, it is very noteworthy.

More "fi"

As a strong entry point for the implementation of encryption applications, finance has seen the application of concepts such as defi, gamefi and socalfi.

As the most valuable application of the blockchain, some projects have passed through cattle and bears and become an indispensable infrastructure for defi. These important defi infrastructures, including maker Dao, AAVE, curve, uniswap, etc., are of long-term value.

A few days ago, it was reported that the Central Bank of Brazil chose nine partners such as AAVE to assist in the development of CBDC; Last October, the subsidiary of Societe Generale planned to raise 20 million yuan through makerdao.

Now these defi applications have become an indispensable financial technology infrastructure, and will continue to attract the participation of traditional financial institutions in the future.

Gamefi and socalfi are much more novel than the concept of defi, because defi has been mentioned since 2018, and gamefi and socalfi are really frequent on the stage in 2021. Therefore, the projects of these two concepts are also relatively novel, and most of them still need time to precipitate and verify to improve the certainty of success.

At present, there are no particularly prominent projects in socalfi. At present, we see some well-known gamefi projects: axie infinity, which pushes gamefi to a climax, Gala, a game platform with the background of traditional professional game manufacturers, and many short-lived projects without high certainty, so we won't mention them here.

There is not so much gold. Do what you can

The first three conditions seem very broad, but they don't. For some things we are optimistic about, we are often too confident, especially when it has been relatively successful. It seems that everything is good. For example, entering the top 10 is called "mainstream". But even if it enters the mainstream, what? If you look back, the projects that entered the top 10 in the past are washing dishes every year, and many even retreat or even disappear.

Taking grapefruit as an example, who would have thought that the hottest and most promising project in those years except bitcoin Ethereum would never return to its peak when it was launched in 18 years. Therefore, the "project with long-term value" you think is probably wrong. Either we need to strictly limit the scope of picking up "gold" in the bear market, or we can only participate in a small amount and put safety first.

Summary

Although many people say that encryption is becoming more and more mainstream, there may not be too much fluctuation in the future, and there is no final conclusion whether there is a big bear market, we can fully prepare for those things that are destined to come, such as metauniverse, layer2, Ethereum 2.0, gamefi, socalfi, privacy computing, etc. In this era of "Black Swans" flying all over the sky, "things are changeable, just like the large intestine wrapping the small intestine". We must also pay attention to controlling risks. After all, the bear market itself is very dangerous, and not everyone can "endure" to get ahead.