Chris Burnieski, an investor and former cryptocurrency analyst at ARK Invest, says digital assets are showing subtle signs of an early bull market.
Burniesky, a partner at venture capital firm Placeholder, says the small upside amid bearish sentiment is a good sign for cryptocurrencies.
“While public sentiment remains subdued, subtle green shoots continue to emerge.”
Investors say that when they zoom in, they are finding a few under-the-radar ecosystems that are showing contagious enthusiasm and helping drive the cryptocurrency market cycle towards the $10 trillion market cap target.
“The contagious enthusiasm that comes from emerging ecosystems like Celestia and Move (Aptos, Movement Labs, Sui Network)” while the major players in Bitcoin, Ethereum and Solana continue to chase after it –
“Keep your eyes on the $10 trillion. Don’t waver.”
Previously, Burnieski said the Move ecosystem is an area he’s watching in the current market cycle.
Move is a programming language originally created by a consortium backed by tech giant Meta for the now defunct Diem project. It was later used to develop layer 1 blockchains Sui (SUI) and Aptos (APT).
Burniskey said,
“I think the Move ecosystem is worth paying attention to. It’s still small, but there are things like Movement, Aptos, Sui.
People don’t talk about that ecosystem in the way that I find interesting right now, because I always like to go to places where people don’t talk about things very much. It’s an uncrowded wave that can be very good.
If you look at the birth of Move and Sui and Aptos, it came from Meta. That’s a big deal. People don’t realize how much time, effort and money they put into making something for the average person. That got picked up in the last week before launch… and then spread to the broader ecosystem.”
Don’t miss out – subscribe to receive email notifications straight to your inbox
Price check task
Follow us XFacebook and Telegram
Surfing the Daily Hodl Mix
 
Disclaimer: The opinions expressed on The Daily Hodl are not investment advice. Investors should do their own due diligence before making any high-risk investment in Bitcoin, cryptocurrencies or digital assets. Your transfers and transactions are your responsibility and any losses you may incur are your responsibility. The Daily Hodl does not recommend buying or selling cryptocurrencies or digital assets and The Daily Hodl is not an investment advisor. The Daily Hodl participates in affiliate marketing.
Generated image: DALLE3