Bitcoin experienced a 31.3% pullback from its time high, leading to a rapid free fall in the entire crypto market.
Top crypto projects are down.
You are probably looking closely at charts, hoping to see what they will do next.
Everyone says the bear market is coming, and some say it's just a correction, but what's left in our wallets are reds, reds, and red candles.
However, despite the downturn, some crypto charts continue to show strength. Why is this happening if the overall trend is negative?
Coins like $Avici and $Sana continue to soar. What makes these coins different? Why do investors remain optimistic about these tokens?
The resilience of coins like $Avici and $Sana is tied to the rise of neobank narratives.
These narratives help explain why positive sentiment persists around certain tokens, even as the broader market sees widespread declines.
Neobank?
A neobank is simply a bank you use entirely on your phone.
You don’t need to visit a branch, fill out paper forms, or deal with grumpy tellers.
You can open an account in just two minutes on your phone. You’ll get a real debit card, either virtual or plastic.
You can send money, get your salary, pay bills, and spend anywhere, just like with a regular bank.
The difference is that everything is faster, cheaper, and you often get extra perks like cashback or interest on your balance.
Now the new wave, crypto Neobanks.
Same idea, but you control your own money (no bank holds it), you can earn 5-15% interest just by keeping money in the app, and you can spend your bitcoin/solana/usdc directly with the card without selling.
A traditional bank is slow, expensive, and outdated.
crypto neobank = fast + cheap + you actually own the money + earn extra %
This is exactly what the neobank narrative means.
credit -> @MeteoriteCol