Narrative Trading, is market trend everything?
Narrative Trading is a strategy used by traders to anticipate the current market trend and identify the next narrative. By being early before a narrative plays out, traders can increase their chances of success. To do this, traders can follow current news daily, see what people are talking about, and follow what firms are building. Narrative Trading is all about focusing on the current market trend and reading the news to find out what could be the new meta.
The next narrative could be Layer2, ZkSync, or even Privacy blockchains. However, the market sets the new narrative, not a single person or influencer. All you can do is find the next narrative by reading the news, following the market trends, and looking for alpha. To be early before a narrative plays out, you can follow the current news daily and try to think about what could be the new meta. Always think one step ahead instead of thinking about today.
You can also see what people are talking about by subscribing to Reddit sub-threads of builders and following some people on Crypto Twitter. Additionally, you can follow what firms are building to increase your chances of finding the next narrative before it plays out. For example, Polygon started ZkSync after several solutions were established by different companies. Companies always try to follow the new trend and act accordingly. You can also follow their Medium blogs for more information and learn what they aim to build before they do.
In conclusion, Narrative Trading is a powerful tool for traders to identify the next trend in just a few minutes. By following current news, market trends, and what firms are building, traders can stay ahead of the curve and increase their chances of success. Always remember to think one step ahead and be early before a narrative plays out to stay on the outperformers' side.
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