The bottom in Q4 crowd ignores the fact that different coins bottom at different phases of the cycle, yes, btc could make a lower low and break down to high 40s, but do you think hype is doing that? Probably not.
There’s many coins that bottomed months ago
The narrative for Solana is that it siphons the value from all of the other now unnecessary chains
As Saylor puts it, the success of the one thing removes the need for all of the other things
It’s no longer a promise of what it could be in the future, it works today
The only up only examples (eg fartcoin) were in periods with peak liquidity
Two three years ago people weren’t crying when their coins went down this much
People look at $punch and say memecoins are cooked now, because it topped at certain level
This is what memecoins used to do before dummy, do you think they went to billions without going down 80-90% multiple times?
Go look at the early days on the charts
When your girlfriend keeps asking how it’s possible to round trip generational wealth this many times in a row so you genuinely have to explain to her what Israel is