sober market update:
lots of emotion about where crypto is standing right now, so I thought I'd lay out my own thoughts properly instead of my usual tongue-in-cheek tweets
$BTC
- it has looked better but it has also looked a lot worse
- study the summer 2024 range, it looked like it was over more than once, but it wasn't
- I highly doubt you get a 69k retest this year
- anything under 100k is a gift and I plan to continue buying spot BTC at any price this year
$SOL
- 170 was a major resistance and pivot level in 2024
- SOL is now sitting above that resistance level
- lots of volatility between 180 and 260, which is to be expected for the fastest horse asset
$BNB
- whether you like Binance or not, it's here to stay
- I've always liked to look at BNB as a risk proxy for the whole market
- it currently looks like it's leading the recovery in alts
- CZ is tweeting more often, tweeting about the chain, the tech, time to pay attention
Exchange tokens:
- in general will remain the safest investments
- crypto revolves around trading, not entreprise applications or other narratives, TRADING
- BNB, LEO, HYPE are my favorite picks, but other exchange tokens have also been doing very well
Other investable tokens:
- AAVE: remains the #1 DeFi token,
- ENA: highly volatile and vulnerable to downside as soon as funding rates cool off, but good tech
- XMR: has been resilient and remains useful
L1s and L2s:
- very bearish as a whole unfortunately
AI & memecoins:
- I think it's a mistake to be dismissive of the category
- fortunes have been made on each for those who paid attention
- however, these are NOT multi-cycle assets, so stop being upset when they go down after completing their job (which is to go up for a limited period of time)
Overall, I remain extremely optimistic for the rest of the cycle and for this whole year.
Hey, it's bwob!
Big news: I’m officially launching soon on @buzzdotfun!
🧽 x 🌝
A fair and transparent launch — no gimmicks, no inflated numbers. This is about real, organic growth, and I want everyone to have a shot at being part of this journey.
I truly believe Buzz is the future and will empower me to reward my most loyal supporters.
Let's build my universe together.
10 SOL GIVEAWAY
- Follow, Like , Retweet
- Join my Telegram (link in bio)
- Drop your Solana address in the comments
time to give back to the community
🔫
I joined @0xCrypticCrypto late 2021. I learned a lot from the best there especially on what on-chain plays have to offer.
Forever grateful to this group, to all the kind and caring members, and to @CrypChester for this sick giveaway.