Chris Burniske, investor and former crypto analyst at ARK Invest, says digital assets are showing subtle signs of an early bullish market move.
Burniske, a partner at venture capital firm Placeholder, says modest rallies amid bearish market sentiment bode well for crypto assets.
“We continue to see slight green shoots, while public sentiment remains depressed.”
Zooming in, the investor points out some under-the-radar ecosystems that he says are showing infectious enthusiasm, helping drive the cryptocurrency market cycle toward its $10 trillion market cap goal.
“A contagious enthusiasm coming from emerging ecosystems like Celestia or Move (Aptos, Movement Labs, Sui Network) While the majors of Bitcoin, Ethereum and Solana continue to get involved –
“Keep your eyes on $10 trillion, don’t let it shake you.”
Previously, Burniske said the Move ecosystem was something he had his eye on for the current market cycle.
Move is a programming language originally developed by a consortium backed by tech giant Meta for the now-defunct Diem project. It was later used to develop the layer-1 blockchains Sui (SUI) and Aptos (APT).
Burniske said,
“I think the Move ecosystem is worth paying attention to, even though it’s very small at this point, so things like Movement, Aptos, Sui…
People aren’t really talking about this ecosystem right now, in a way that I find interesting, because I always like to go where people aren’t talking about something a lot. It’s an uncrowded wave that could become really good.
When you look at the birth of Move, Sui, and Aptos, it all came out of Meta. It was a major event. People don’t realize how much time, work, and money Meta put into creating something for normies, which was taken down the last week before launch… and then spread out into the wider ecosystem.
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