Hey Guys
Let me show you some of the things I’ve done recently to prepare for a crypto bull run .
Many crypto tourists flee the market when prices fall, ignoring the fact that this is exactly the time they should be staying. There are plenty of things a crypto nerd can do to pass the time during a bear market, such as trying to qualify for airdrops, looking through microcaps for hidden gems, or even just dollar-cost averaging into Bitcoin.
After Solana’s dramatic rise in August 2021, the alternate Layer 1 narrative took off. Just a year ago, the high-volume chain was trading at less than $3 per share. With a tiny stake, those who saw the Layer 1’s potential may have made a sizable amount of money.
There’s little doubt that the future of crypto will involve a variety of specialized chains, as demonstrated by the growth of Layer 1 chains like Solana, Avalanche, and (may God rest Terra’s soul). Venture capitalists are always looking for new ideas, so you can be sure that additional Layer 1 chains will emerge as the market recovers.
Celestia is one of the projects that the team is considering. For the most part, the @CelestiaOrg data network is a modular blockchain that anyone can deploy on without having to construct their own consensus layer. The Celestia blockchain also uses data availability sampling, a new technique of scaling the blockchain.
Here, I won’t get into the nitty-gritty of the chain’s workings (check out celestia.org if you want to know more). Even so, the project’s all-star crew includes crypto veterans who previously worked on Ethereum, Harmony, Celo, and Cosmos, among other projects.
Earlier this week, the Celestia Mamaki testnet went live. Despite its infancy, the blockchain is now open to all users to start running nodes and executing transactions. Before the mainnet version of Celestia is released, the group has stated that it would conduct an additional incentivized testnet. Celestia’s network token will likely be distributed to users that participate in the incentivized testnet or contribute in other ways. This seems like a low-risk wager to me.
Finding potential projects in the early stages might be exciting, but it’s also important to consider if current projects will last until the next bull run. Many of the hottest cryptocurrencies in 2017 have since fallen into obscurity, including EOS, Dragonchain, and Iota. It is reasonable to predict that some of the hottest cryptocurrencies in 2021 will suffer a similar fate. It may pay off in the long run if you put in the time and effort now.
Thanks for reading
Fin