this is probably the most overlooked coin on Robinhood
over $500,000,000 of volume has run through Ramses dex
they've done $250,000 in 24 hour fees and have $18 million in TVL
yet the coin is trading at $6.5 million marketcap
if people truly care about tech, this will reprice
Helped write this piece alongside @0xkioto & @reverse_holo .
Ramses is one of the very few projects on Robinhood Chain with solid fundamentals and low valuations in comparison to its competition.
In the piece we argue a bit about why that's the case, hope you enjoy the read!
(4) last night they announced stock buybacks, with 50% of FCF being used for it. The stock? Up 2% today. Gut feel is it kinda feels like we’re gonna go down for a bit before going back up
Closed this trade 🧵
(1) Im getting worried about energy and its effect on the market as a whole from the war. Yesterday Trump said theyre going to stop talks for now and change strategy. We’re at all time low on reserves. So my thought process is less energy = less work = bad.
My guess tho is that we either get boots on the ground after elections so iran is gonna squeeze the US as much as possible till then (they want a deal before elections)
(2) It seems like they trade got crowded p fast, same with photonics
(3) id rather allocate to btc, eth, sol,
Out of the markets, all cash, will come back after summer (august semptemberish), might dabble some short term swings here and there
Two other multi-trillion dollar ICOs will follow, war likely will go on, oil prices only going to increase