Ignas: HYPE and AVAX Face Value Capture Challenges

DeFi researcher Ignas stated that the current crypto market lacks new narratives to drive short-term gains. Although the trend of institutional adoption of crypto technology continues, traditional financial institutions can gain most of the benefits without directly purchasing crypto tokens, leading to limited appeal for token staking. The real upside potential may be concentrated in the stock and private equity markets. Many crypto tokens are becoming "payment tools" for institutional collaborations rather than genuinely accumulating value, and ordinary token holders may become liquidity exiters. Ignas cited HYPE and AVAX as examples, noting that the trading logic driven by news related to the New York Stock Exchange (NYSE) for HYPE may have already been realized, and it is necessary to observe the implementation of relevant licenses and their impact on buybacks; AVAX has a partnership with the NYSE, but how much value the core ledger technology provided to the NYSE can bring to AVAX remains to be verified. If the market anticipates monetary easing, Bitcoin may rise, but such a scenario may be difficult to occur before the AI bubble bursts, and a collapse in the AI market could also impact crypto assets. The speculative altcoin market continues to shrink, and market hype, FOMO sentiment, and narratives of project teams harvesting funds are gradually losing financial support. In the medium to long term, Ignas believes that the crypto industry will continue to exist but will face challenges such as the Democratic Party in the U.S. taking a tougher stance on the crypto industry and rising interest rates putting pressure on risk assets. He stated that bearish comments may constitute a bullish signal worth noting; when the market generally wants to sell off, it may be a buying opportunity.

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