When looking into the future and preparing for an upcoming bull market, one needs to try and figure out what the narrative will be. Sure, there may be a few key sectors that manage to gain some serious traction. Looking back at the previous bull market, DeFi and NFTs stand out as the two dominant niches. It’s rather likely that we will once again experience something similar.
Tokenization Of Real-World Assets
An area that I have touched on quite a number of times over the past six months or so is the tokenization of real-world assets. We have already seen how the real estate market has begun to gravitate toward the model of tokenization. Platforms such as Lofty and RealT come to mind, although there are quite a number of alternative options as well.
When it comes to the tokenization of real-world assets my money is on Ravencoin. I guess the majority of investors are looking at Ethereum to be the big winner, and perhaps it will be. However, Ravencoin is superior, in my opinion, and for a number of reasons. Firstly, there is no premine or ICO. Secondly, the distribution is 100% fair. Not a single coin was allocated to devs or a treasury.
This is practically unheard of and gives Ravencoin an ethical edge, as well as from a regulatory point of view. The SEC has nothing to leverage against Ravencoin. It’s a Bitcoin fork that is pure of any ICO and other practices that the SEC often uses as grounds to file a lawsuit. Ravencoin has also performed relatively well in the past and continues to perform rather well in relation to the broader altcoin market.
I guess we can expect to see AI garner a lot more attention in the upcoming bull market. Despite some serious moves in a number of AI projects recently, one cannot really consider upside in a bear market as the end of a chapter. AI is likely to experience a lot more upside in 2024 and 2025. Once again, AI is quite a broad spectrum, so there could even be increased interest and focus on particular niche areas within the sector.
I am still to identify some potential AI investments. There are a few that I am keeping tabs on, so we will see how that unfolds. I think monitoring price performance and development during the course of 2023 will provide a fairly good indication as to which projects are likely to excel in the next bull market.
There’s been a lot of talk about WEB3 this year, as well as last year. However, we are yet to see any significant action in terms of serious adoption and price appreciation in WEB3-based projects. My focus, of course, is Hive. Honestly, I believe it is simply a matter of time. There is so much taking place on the Hive blockchain in terms of Dapps, development, and DeFi, it’s crazy!
Eventually, the market will have no choice but to grant Hive the seal of approval. Instead of growing weary, now’s the time to build your Hive stack and other HE tokens. It always happens… a massive move triggers a massive long-term move and then everyone cries about not holding enough coins or tokens. Don’t get caught off guard.
In summary, I believe we will see some significant action in the tokenization of real-world assets, AI, and WEB3-based projects. Much of my own portfolio is geared toward such an outcome, especially tokenization. If you want to stand a chance of capitalizing on the next bull market you are going to have to place your chips now. These are obviously my own personal views, and shouldn’t be considered financial advice. See you next time!