The bull is not over, but we are in the last three- six month window. I expect the rationality, complete euphoria, outrageous, announcements, or even developments.
All of this will stir so much excitement and joy in the minds of every market participant
Good.
-pigeon
Right now, TVL sits at 24M on @AbstractChain
The two main memes $NOOT + $ABSTER are worth 32m combined.
In the next 5-9 months, an Abstract airdrop is highly likely
$ABS is easily a top 50, maybe 30 token out the gate
That’s $2-4b (depending on where $TOTAL is)
Assuming 10-20% community airdrop, that’s 200-400m airdropped into thousands of abstract wallets.
Assuming top meme vals stay the same, that’s 10x their marketcap in capital deposited into users wallets.
And given $1 invested into a meme has $5-10 of marketcap impact
AND because of the house money effect, profit is speculated with much more aggressively then capital earnt from outside of Crypto.
If even $20m goes into one of the top memes, that translates into 100-200m in marketcap increase.
And this doesn’t even account for the ‘bull scenario’ which would be the bull run being in full force during the airdrop (so $ABS valuation is in 5-10B range)
OR the influx of adoption from onboarding massive streamers to the chain
OR the tens of millions of inflows that’ll come in response to the airdrop
OR the exchange listings $NOOT+ $ABSTER, the #1 memes on Abstract will receive when volume picks up
OR accounting for the comparisons in valuations between the #1 meme on BASE (2B mcap at peak) to what $NOOT+ $ABSTER can grow to
OR the fact that Abstract hasn't even begun marketing yet for the chain.
OR the fact that @base destroyed their meme economy with the 'tokenise everything' narrative and all that capital will flow to Abstract where the better meme profits are
It’s going to be Base season 2.0, Toshi+Brett 2.0, and you’ve been given a second chance to get in early