Full thesis on SEDA
Seda is a programmable Oracle. I like $Seda because it's a combination of all the best Crypto Narratives:
- Key component to the hottest current narratives:
By being such a key component to both HIP-3, New chains and prediction markets, Seda can always fit into any new shiny narrative.
Polymarket, Kalshi, Hyperliquid, Megaeth, Monad, stock tokenization, you name it.
- The coinbase playbook: 22M Funding round led by Coinbase Ventures:
Easy playbook: Invest in teams that have been there for several years and kept building, with a major investment from Coinbase Ventures. Then wait for Coinbase Listing. Worked with Edge, Zora, ....
- The perfect beta to HL maxis: Seda is the main HIP-3 Oracle
HIP-3 is the next big thing for hyperliquid, and Seda is positionned as a core component to it, making it the best way to speculate on HIP-3 future.
We all know how powerful that community is.
- Flywheel - The Buyback and burn: Every query is paid in Seda and burns Seda
We all love a flywheel. Each query on Seda burns 0.03 Seda. While other similar projects like Pyth receive 200M+ query per day, we can estimate that even with 20% of that, Seda would burn 1M2+ Seda per day, which is more than $250k a day at current price, or $7.5M per month. Pretty attractive flywheel
- What's Seda with XXX marketcap?
2 projects we can easily compare @sedaprotocol to are Pyth and ChainLink. They're both valued multiples higher in both marketcap and FDV, Chainlink FDV would put Seda at 17$.
Helps with the moon targets
Other green flags in Seda in my opinion:
- All the team members are active on X and seem to understand the crypto culture.
- All the team members seem to have a good technical understanding of their product. I really encourage you to check the videos on their Youtube to understand how Seda work. It's obvious they all understand really well what their product does.
- Still not shilled by most KOLs and twitter accounts
- So much to look forward to
What did I miss?
I love this token sentiment feature on @cookiedotfun
Imagine scanning accounts you like and instantly knowing what they have been shilling lately
I'm almost nostalgic remembering the early days of all these coins. Only good cook in the list too 🍪
It’s almost disgusting how much crypto has removed my sense of reality from money.
Lose $500 meme gambling? That’s fine we’ll get the next one.
$300 for a grill? IS IT MADE OF GOLD?!
Insane mental illness.
I finally did it.. I started counter trading myself. After having a month of 20% trade win rates. I simply began doing the opposite. You have to be smart about this to overcome intrinsic bias. I used to plan out my entire trade, entry TP SL etc, chart everything out. and RIGHT before placing the trade, I simply flipped my direction. If I planned out a short, I would flip long last minute vice versa. My PnL looks better than it ever has., but trading maybe isn't for me.
fartcoin showing massive liquidity strength on solana - now has more sol in lps than bonk despite lower mcap. institutional eyes watching @fartcoinofsol#fartcoin
base is coinbase's official chain, so why is it that coinbase is so reluctant to list coins from base? if you want to take base to the next level coinbase should focus on listing base tokens and supporting the community there
for example virtuals is the number 1 coin on base network and has been around for over 1 year, but instead of coinbase choosing to list them, they list random solana memecoins like $PNUT which are down only and have been around for less time than virtuals
make it make sense @dankimxyz@zosegal
If you missed a trade, don’t cope. Winners don’t cope.
Redirect all that cope energy to your next/current trade. It’s the AI Omegacycle. We will all fumble some bags. That’s ok. You can’t catch them all.
However, coping is not ok. Only losers cope. Be a winner. Winners adjust.
A dude who's 5 year old daughter has a brain tumor is busy launching scam tokens instead of spending time with her
I didn't think we could sink lower as an industry, but here we are