Digital asset investments received a whopping $326 million in just one week – the most significant weekly cash infusion since July 2022. Think about it: if people are eagerly putting their money into futures ETFs, just wait until they get their hands on spot ETFs. The potential for growth is pretty exciting!
X is packed with valuable opportunities in the world of cryptocurrencies. However, it can be really hard to uncover them with all the commotion and distractions.
There are two ways to win as a layer 1.
1) Become a store of value.
2) Make your blockspace valuable.
Bitcoin started with 1 and is realizing it needs 2.
Ethereum started with 2 and realized it needs 1.
In the end, both 1 and 2 must converge.
My thesis is that we have less than a year to go before alts go mental.
You need to work every day at improving your skills and increasing your capital so you don't screw it up like a dumbass 😘
$SOL: Breakpoint 2023 starts today. Expecting announcements. Remember, this is SOL’s first major conference since the FTX collapse - and I suspect a hugely positive response from the community to come out of this. However, the last 2 Breakpoints have resulted in a "sell the news" event. We saw a similar sell-off on $LINK earlier this month. Bias is (cautiously) short.
$AGIX, $FET, $OCEAN: The AI narrative hype is back in the lead up to a stacked month of AI conferences. Most notably, OpenAI's first developer conference on the 6th. When AI runs, it runs hard. Instead of trying to speculate on dubious low caps, it is often better to just long the leaders, (mentioned above), as they led the first AI run at the start of the year - and have shown the most strength during AI resurgences.
$ARKM: Lots of AI-related trades into this conference, but people seem to forget that Sam Altman is an investor in ARKM. This one is going slightly unnoticed + there is still plenty of time until the conference.
$RNDR: RNDR (also considered by many to be an AI-related coin) has begun moving aggressively over the past few days. Last year, it nearly doubled leading into a major conference. I am looking for potential continuation, but if price starts to look weak, it could end up being "sell the news".
$DOGE: DOGE has waned a little bit recently (both in terms of price action and hype). It has a few key things going for it: DOGE day + pre-empting an Elon Halloween tweet (which he did last year). If retail interest starts to heat up DOGE will likely perform solidly. For me, it's best as a spot + DCA play as an eventual bet on a strong pump (which is inevitable imo).
$XRP: Ripple's ‘Swell Conference’ will take place on November 8-9. There is heavy speculation regarding a potential IPO, though probably false. However, given crypto's speculative nature, this can lead to FOMO driven rallies. In the past, $XRP has experienced pre-conference rallies (with the exception of 2022). Keeping it on my radar.
$AR: Just recorded its highest TX count in its history + has been grinding up slowly. Typically does well during Solana conferences.
$GMT: $AXS + $SLP are pumping, alongside $PYR. GMT is still lagging. Also, STEPN's 'Gas Hero' is set for a testnet launch in early Nov. Looking for a potential catch up play.
If you still believe that this bullshit news is gonna push us higher you haven’t learned anything from the past two years…. That being said cash was,still and probably will remain king for the next few months.
Don’t leave the market cause you’re gonna regret it but still don’t put all your energy in crypto now it’s not worth it. Keep following the news and looking for new projects and that’s it the rest of your time put it somewhere else we will have our chance to milk the market.
I’ve been talking about creating some other source of income since late 2021. We’re about to get that life changing opportunity soon and you’ll need every cent you can get to take full advantage of the situation don’t waste time in crypto right now