What stage is it in the cryptocurrency industry now?The cryptocurrency market is actually a microcosm of the capital market, and is not fundamentally different from markets such as stocks and futures.And as long as it is a capital market, there will always be cyclical patterns.This cyclical pattern is caused by the profit seeking behavior of capital. The cyclical pattern of the cryptocurrency market is also very clear. A bull market with a cycle of 4 years seems to exist from now on.Therefore, the characteristics of the capital market also determine the volatility of the cryptocurrency market. That is to say, the operational targets of capital at each stage will be different.The first stage of bull market:Mainstream currencies such as Bitcoin and Ethereum rose first, driving the overall market atmosphere.The second phase of the bull market:Medium market value coins were discovered by capital, and a batch of value coins began to rise, demonstrating the overall profit making effect of the market.The third stage of bull market:Small and medium-sized cryptocurrencies are starting to rise, and the market is in the most profitable stage, but Bitcoin and Ethereum are experiencing stagflation.The fourth stage of bull market:Shanzhai is flying everywhere, with prices increasing several times a day. Everyone's emotions are mobilized, and the market is in an excited state.Finally, Bitcoin suddenly fell, and all the coins in the market followed suit.Since 2007, when it comes to stocks, such situations often occur. Every time PetroChina and Sinopec suddenly rise, while other currencies do not rise, that is, when the market crashes in the end.Therefore, looking at the current cryptocurrency market, Bitcoin has been in an upward trend, while other mainstream value coins have also experienced an increase. However, small market value coins and altcoins have not risen. I also feel that we are now in the late stage of the second phase of the bull market and the early stage of the third phase.According to the exchange rate comparison between the Bitcoin and Ethereum markets, the proportion of Bitcoin is still high, so there may be changes in the exchange rate after the year, starting the third phase.Similarly, another characteristic of this bull market is that meme coins have always been in a bull cycle, especially in the primary market where they have a good earning effect.The shiro coin I bought is a super strong meme coin led by the community, with a market value exceeding 20 million RMB. After the adjustment, Shiro will continue to rise, and the next goal is to achieve a market value impact of $50 million.Therefore, holding Shiro has a promising future# BTC Returns to 100000 # XRP Breaks New High# AIXBT gains strongly # DeFAI hotspot # SHIRO