Hottest Crypto Narratives for the Next Bull Run

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Welcome to another issue of Passionate Income.

Today, we’ll be covering the hottest crypto narratives for the next bull run.

If you’ve been paying attention since mid-October, odds are you’ve seen projects like Kasta, Tao and CorgiAI absolutely skyrocket. And while picking individual projects before they “pump” can be hard, figuring out what they have in common can give us clues.

In particular, clues about the narratives that are likely to perform best in the future.

Let’s dive in.

If you were involved in crypto in mid-2020, odds are you’ve heard of DeFi Summer.

If not, this was a period when crypto projects related to DeFi - aka Decentralized Finance - were exploding left and right.

From Uniswap to Pancake Swap - and a whole lot of micro-cap meme coins - most anything related to the DeFi category made huge gains. Meaning, the investors who identified DeFi as a ‘narrative’ in the early days make oodles of dough.

Same for investors who identified “dog coins” as a narrative in 2021.

Which as you likely know, led to projects like Dogecoin, Shiba Inu and Floki. All of which made early investors very, very wealthy.

See, the problem with crypto beginners is that they’re always the last ones to show up to the party. They come in at the last second when the hype on Twitter is at a fever pitch and all the whales (heavy investors) have already made their millions and gotten out.

So what’s the solution?

Identifying which narratives are going to be hot BEFORE the market takes off.

Fortunately for us, the pump we’ve seen over the last 30 days has provided clues as to which narratives are going to perform best during the next bull run. Meaning, as long as crypto doesn’t explode overnight, there’s still time left to “get in early.”

And if the market goes down (say for example because the US goes into a recession), it will be the opportunity of a lifetime to load up before the next bull run.

So, what are the hot narratives you’ll want to pay attention to?

Here’s what the data is telling us so far.

#1 - Artificial Intelligence

Ok, odds are you saw this one coming from a mile away.

From mainstream apps like ChatGPT, to Enterprise use-cases only a couple thousand people understand, AI is red hot right now. And when it comes to crypto, things are no different.

What you have to understand about crypto, however, is that not everything needs to make sense. As an example, some projects - like Bittensor and Fetch.ai - have legitimate use-cases.

On the other hand, micro-cap / meme coins like CorgiAI have no real-world use case and exist purely as a vehicle for making speculative investments.

But like we saw with Doge and Shiba INU, that’s not necessarily a bad thing. While neither of these “dog coins” have any real world application, both of them made early investors very, very wealthy.

Meaning, once you identify a hot narrative, you need to decide how conservative or aggressive your strategy is going to be.

If you prefer conservative bets, choose larger projects with real-world use cases. If you’re a “degen,” then you’ll want to look at smaller projects with much higher risk-reward ratios.

*While we do not make investment recommendations, you can check out a public list of tokens that fall into the AI category here.

#2 - Solana Ecosystem

As you may or may not know, Solana has some of the most rabid fans on Twitter. And because of that, people tend to either love or hate the project.

But when it comes to banking cash, people’s opinions are irrelevant. Because in crypto, all that matters is picking something that’s likely to go up, getting in early, then being patient.

And based on how Solana - and the projects built on top of it - have performed over the last 30 days, it appears the $SOL ecosystem is going to be red hot during the next bull run.

From the $SOL token itself to meme coins like $BONK, this is one narrative you are definitely going to want to pay attention to. And if you want to check out a list of projects built on the Solana blockchain, click here.

#3 - Gaming

From a locksmith helping you get into your car, to Apple producing phones that keep you connected to the world around you, every business on the planet solves a problem.

One of the big arguments against crypto, however, is that 99% of projects do not have a real-world use case. Meaning, they exist purely as speculative assets.

But when it comes to building video games on the blockchain, one could argue they solve a very real problem.

In particular, the dilemma of spending money for upgrades, but not being able to sell those items to other players (or carry them over to new games).

With blockchain technology, however, you could spend $50 to upgrade your car in a racing game, then turn around and sell it to someone else (who instead of paying the creator of the game, would pay you $45 instead).

If you’re not a gamer, you might not see this as a worthwhile problem to focus on.

But as a $184B industry, gaming generates more revenue than movies and music combined (and it blows professional sports out of the water).

Meaning, if developers and studios can convince players to switch over to blockchain games, crypto gaming as a niche could generate billions of dollars. And if that happens, gaming coins will explode.

💡 Takeaway: In the past, investors who got in on the DeFi and Dog Coin narratives before the masses made huge money. As we head into 2024, however, recent data shows AI, Gaming and Solana ecosystem projects are poised to make the biggest gains during the next bull run.

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