Investor and former crypto analyst at ARK Invest Chris Burniske says digital assets are showing subtle signs of an early move in the bull market.
Burniske, partner at venture capital firm Placeholder, say that modest rallies amid bearish market sentiment bode well for crypto assets.
“We continue to see subtle green shoots, while public sentiment remains depressed.”
Zoom in, the investor flags Some under-the-radar ecosystems, he says, are showing infectious enthusiasm and helping propel the crypto market cycle toward its $10 trillion market cap target.
“Infectious enthusiasm coming from emerging ecosystems like Celestia or Move (Aptos, Movement Labs, Sui Network) While the majors of Bitcoin, Ethereum and Solana continue to chase it –
Keep your eyes on $10 trillion, don’t get shocked.”
Previously, Burniske said the Move ecosystem was something he had his eye on for the current market cycle.
Move is a programming language originally built by a consortium backed by tech giant Meta for the now defunct Diem project. It was then used to develop layer 1 blockchains Sui (SUI) and Aptos (APT).
said Burniske,
“I think it’s worth paying attention to – even though it’s very small at the moment – the Move ecosystem, so things like Movement, Aptos, Sui…
People aren’t really talking about that ecosystem right now in a way that I find interesting, because I always like to go to places where people don’t talk about anything much. It’s a quiet wave that could be very good.
If you look at the birth of Move and Sui and Aptos, it came from Meta. That’s a big problem. People don’t realize how much time, work and money went into making something for standards from the Meta side, which were pulled in the last week before launch… and then spread to the broader ecosystem.”
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