@WhyWorryChain No idea because I'm not using liquid staking services yet, but 4% is possible yes, although I think APR will be lower when more people stake after Shanghai
@WhyWorryChain Higher FDV market cap than Matic & Solana, with 1/100 of its users so I think it's so overvalued 'by fundamentals'
In a new bull market, new L1s should outperform previous ones, so maybe a great pick when current hype ends & before new bull market starts
@WhyWorryChain I think L2's will also perform very well in next bull market, but I would just use them as narrative trading/short-term investing when the correct time comes
I may create another twitter acc in which I share my takes on short/medium-term speculative trades & market vision
@WhyWorryChain I still have the same idea
L1's are the best schelling point for every participant in a network, regardless which Dapp they use/invest, also they get monetary premium, which in bull markets it's what gives you overvalued P/E & still "be fine"
I make trades in Dapps sometimes
@MBuciuman No idea about current legal troubles.
I know he would be margin called by silvergate at BTC ~13k$, regardless if this ends up happening or not, I don't think his crypto journey will end up well with the amount of leverage he has
Update:
$SOL: 15$ โ
$AVAX: 7$
$ADA: 0.10$
$LUNA: 3$ โ
$SAND: 0.15$
$GALA: 0.01$ โ
I'm pretty sure we will see the other ones go to those levels as well
https://t.co/XdbXhq6Zbe
$TSLA is the most similar TradFi asset compared to Crypto assets
Majority of investors show cultish behaviour instead of trying to objectively value the company
At least Tesla is a profitable (although overvalued) company, most crypto protocols aren't even profitable
@Hekc111 https://t.co/7DFK3XuqZy
You can check P/S ratio there, it's based on current circulating supply so you need to adjust it to get FDV P/S
I'm assuming all earnings will go to every token holder since most will become validators thanks to liquid staking
Current P/E ETH: 177
SOL: -96% | FDV P/E: 676
AVAX: -93% | FDV P/E: 2285
ADA: -92% | FDV P/E: 5556
FTM, ONE, DOT, etc. similar metrics
Even if they've fallen 90%+, they are still overvalued by at least 1 order of magnitude
SOL, AVAX, LUNA, FTM, ONE, etc. are dead projects
Even if they eventually go up, they will heavily underperform new shiny altL1s & especially L2s
The sooner you sell those bags, the better you will perform in the next bull market
This time is no different
@Xatarrer Not happening in 2022
I overestimated demand for ETH in a bear, there is not high constant non-speculative demand just yet
Think it will happen in the next bull, I agree
I get how Su Zhu & SBF pretended to be smart money and deceived most of us
But Barry Silbert?
He bragged about being the biggest holder of ZEC, ETC & NEAR lol
Cryptocom CEO claiming he has sold customers' ETH for USD & holding the USD on a competitor exchange
The next FTX in the making
https://t.co/UeQEONmAbF