Former crypto analyst at ARK Invest and investor Chris Burniske indicates that digital assets are displaying subtle indicators of a budding bull market.
Burniske, now a partner at the venture capital firm Placeholder, observes that slight rallies amidst a bearish market sentiment reflect positively on crypto assets.
“We are continuing to observe subtle green shoots, while public sentiment remains low.”
Looking closer, the investor highlights some lesser-known ecosystems that appear to be generating contagious enthusiasm, contributing to the push toward his $10 trillion market cap goal.
“Contagious enthusiasm is emerging from innovative ecosystems such as Celestia or Move (Aptos, Movement Labs, Sui Network) while established players like Bitcoin, Ethereum, and Solana keep making progress –
Eyes set on $10 trillion, don’t be unsettled.”
Previously, Burniske stated that he was closely monitoring the Move ecosystem for the current market cycle.
Move is a programming language initially developed by a consortium backed by tech giant Meta for the now-abandoned Diem project. It has since been utilized to create layer-1 blockchains Sui (SUI) and Aptos (APT).
Burniske mentioned,
“It’s important to pay attention to the Move ecosystem, even though it’s quite nascent – projects like Movement, Aptos, and Sui…
People aren’t really discussing this ecosystem right now, which I find intriguing, as I prefer to explore areas that aren’t heavily talked about. It’s an uncovered wave that has great potential.”
“Considering the origins of Move, Sui, and Aptos, it traces back to Meta. That’s significant. People underestimate the considerable time, effort, and resources expended by Meta to develop something for the masses, which got shelved just before launch… and subsequently extended to the wider ecosystem.”
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