And by that time ETH/BTC will have created a slow ascent structure with small HL HH structures developing on the weekly ready to climax
Hyper liquid has too much CT mindshare and I don’t like the odds of it gigapumping . Same goes for $KAITO as well
Fluid on the other hand is a completely different story and I really like it
Ffs we are a 3 trln dollar industry . How does a 1.5 billion hack take away the whole daily gains of ETH 😂😂
A few observations for the current market
About comparing previous cycles to current one -
previous cycles had a lot to retail onboarding . Crypto was heavily mispriced and money flow was uniform expect some over performers which had more adoption / traction and attracted more liquidity comparatively .
Current cycle - crypto is mainstream i.e not that heavily mispriced . Retail onboarding is almost done. CEX lost of lot of market share to on chain which makes platforms like pump.fun etc for attractive for whales due to larger potential of manipulation .
So comparing current cycle to past ones is a gross misinterpretation imho.The only onboarding that’s left is more mainstream institutions , hedge funds entering the market due to the pro crypto trump administration . So, liquidity conditions will eventually improve coz these funds don’t buy by the logic of “ every price is good price to buy “ . It’s a strategic flow rather than random abrupt flow which explains the sluggish PA.
Selective bidding - real adoption brings real value reflected in the price . Ex - solana , sui etc but now we see solana exhaustion and a very similar thing on sui and a lot of attention slowly shifting to sonic ( previously FTM ) . And you can see sonic holding well and growing in tvl while sui dumping at the same time . The attention span on specific coins is limited and determined by growth vs each other . The very recent example of this being Raydium diving due to pump.fun announcing its own AMM. So, now there is competition
and raydium just got repriced .
About comparing previous cycles to current one -
previous cycles had a lot to retail onboarding . Crypto was heavily mispriced and money flow was uniform expect some over performers which had more adoption / traction and attracted more liquidity comparatively .
Current cycle - crypto is mainstream i.e not that heavily mispriced . Retail onboarding is almost done. CEX lost of lot of market share to on chain which makes platforms like pump.fun etc for attractive for whales due to larger potential of manipulation .
So comparing current cycle to past ones is a gross misinterpretation imho.The only onboarding that’s left is more mainstream institutions , hedge funds entering the market due to the pro crypto trump administration . So, liquidity conditions will eventually improve coz these funds don’t buy by the logic of “ every price is good price to buy “ . It’s a strategic flow rather than random abrupt flow which explains the sluggish PA.
Selective bidding - real adoption brings real value reflected in the price . Ex - solana , sui etc but now we see solana exhaustion and a very similar thing on sui and a lot of attention slowly shifting to sonic ( previously FTM ) . And you can see sonic holding well and growing in tvl while sui dumping at the same time . The attention span on specific coins is limited and determined by growth vs each other . The very recent example of this being Raydium diving due to pump.fun announcing its own AMM. So, now there is competition
and raydium just got repriced .
Key takeaways from this cycle so far -
Fundamental research is more important than ever , else it can lead to capital stagnation if we get married to coins .
Fundamental research is more important than ever , else it can lead to capital stagnation if we get married to coins .
There is still a few assets that I feel are heavily mispriced and can command a lions share of the alt coin market cap in the upcoming months .
One such bet for me remains as $ARKM ( on chain intelligence in an era where more and more people move on-chain due to stringent regulations and CEXes losing a lot of dominance and also due to very few competitors in this sector and actually fewer with an actual token = less dilution )
One such bet for me remains as $ARKM ( on chain intelligence in an era where more and more people move on-chain due to stringent regulations and CEXes losing a lot of dominance and also due to very few competitors in this sector and actually fewer with an actual token = less dilution )
Bridging - Stargate, wormhole, jumper ( if they launch something )
AI - will take some time to come back after this bubble burst . Some will thrive eventually . Will get into details of this after some more DD .
And apart from all this , I still firmly believe ETH will come back in its full glory . If I could full port ETH right now , I would
Also hearing some buzz about TAO subnets. Any TAO fundamental experts here ? Contributions are welcome !