Perp

Class of 2017 | JPEG degen @altcointraders_

Apply here to join our free, exclusive community:

[Perp @perp_nft]

see you on october 28th 🎁 @monad

[CryptoAmsterdam @damskotrades]

Deep-dive: @Velvet_Capital
Category: DeFAI

DeFi has grown fast, and what started as a handful of early protocols has exploded to thousands across dozens of chains, with tokens launching faster than anyone can track.

Alpha is everywhere, but it’s chaotic, fragmented, and impossible to monitor manually. That’s why AI agents are stepping in: scanning markets, identifying opportunities, and executing on-chain - all in real time.

DeFAI (DeFi meets AI) is an emerging sector, and @Velvet_Capital is building an operating system for it: a cross-chain, intent-driven, and AI-powered platform for automated DeFi strategies.

Let’s take a closer look…👇

1/ What is Velvet?

Velvet is a DeFi trading and portfolio management OS, purpose-built for DeFAI.

Backed by Binance Labs, it’s designed to help funds, DAOs, and traders to create, manage, and automate on-chain portfolios across chains, with multi-agent AI and intent-driven execution.

Velvet offers a vertically integrated stack with a native user app, an agentic Telegram bot, APIs for easy integration, and a DeFAI OS for agents. It takes the headache out of DeFi, so instead of juggling multiple wallets, protocols, and endless tabs, you can research, trade, earn yield, and manage everything from one place.

TLDR: Velvet is DeFi trading made faster, smarter, and easier.

2/ Key Features

Velvet combines cutting-edge research in intent-based execution, account abstraction, and trading experience into four key products:

1/ AI Framework - a self-improving, multi-agent AI OS for DeFi. The intelligence layer, Velvet Unicorn (VU) helps users find alpha, get TA or price predictions, and execute trades and other complex actions.
2/ Trading Terminal - a trading interface for discovering new and trending tokens, yield pools, and market flows across Ethereum, Base, Solana, BNB Chain, and Bitlayer (more chains coming). Trade straight from..
3/ Your wallet - no deposits needed, with an AI support for additional alpha.
4/ Portfolio Management – create personal or public vaults for solo use or with followers. Ideal for public traders, private groups, DAOs, and content creators looking to showcase strategies and build a track record.
5/ Custom App - crypto projects, hedge funds, and asset managers can launch DeFi products for clients, creating custom apps under their own web domain and branding.

3/ Velvet Unicorn (VU)

@vu_virtuals is Velvet’s multi-agent AI OS and an alpha agent in the Agent Commerce Protocol (ACP) within the Virtuals ecosystem.

VU removes friction across research, trading, and management by combining LLM-based agents for high-level reasoning with smaller, purpose-built models for specific tasks.

Each AI agent is assigned a defined role (CEO, Analyst, Trader, Researcher, etc.) and cooperates via a reward-feedback loop that rewrites their own prompts - ensuring self-improvement and minimising AI hallucinations.

What you can do:

/ Ask what tokens are trending on a particular chain and get a top pick for the next hour
/ Receive market summaries, social sentiment or price forecasts
/ Request TA on a chart
/ Execute real-time actions

4/ The $VELVET Token

VELVET is the backbone of the Velvet ecosystem and unlocks utility when staked as veVELVET.

Users can lock VELVET for up to four years - the longer the lock, the more veVELVET they receive. Balances decay linearly, encouraging continuous re-locking and engagement.

veVELVET stakers receive:

/ Real yield: a share of platform revenue is used to buy VELVET on-market and distribute to stakers.
/ VELVET emissions tied to individual platform activity.
/ Trading fee discounts and increased referral sharing.
/ Partner airdrops and rewards from new projects integrating Velvet’s OS.
/ Governance rights on DAO decisions, integrations, and fee parameters.

5/ Final Thoughts

The integration of DeFi and AI is set to fundamentally change how capital is managed, strategies are executed, and alpha is discovered.

As more of DeFi moves towards agent-native systems, traditional UIs and tools built for manual workflows will begin to feel outdated.

Velvet is building for this future. With a strong team, solid backing, and an innovative institutional DeFAI product, they’re turning DeFi’s chaos into alpha with multi-agent AI and intent-driven execution.

I’m excited to be an early partner working alongside the Velvet team and will be sharing more educational content soon (disclaimer).

[Monad @monad]

Monad Cards: a token of appreciation for crypto twitter

~5,000 active CT accounts are eligible to claim. Each can nominate 3 friends. 10,000 nominations will be accepted on a first come, first served basis.

You should probably claim it before it closes

[Keone Hon @keoneHD]

Today we are launching Monad Cards - an initiative to give Crypto Twitter a token of appreciation.

Around 5,000 real members of CT have been identified through a reputation network-based approach designed to reflect the social graph of CT. This was done by looking at accounts followed by numerous reputable people across various crypto verticals. Each member was then given a handpicked role in an effort to identify the unique value they provide to the crypto community.

We know that it is impossible to fully capture the social graph of CT on our own. This is why card claimers can then nominate mutuals to capture those that were missed. Each eligible member can nominate up to 3 of their mutuals to claim a Monad Card later on. There are 10,000 nominations up for grabs on a first come, first serve basis.

Also, apologies in advance, but I am going to tag each member of CT who is eligible to claim a Monad card in a thread on this tweet. Claim your card now at https://t.co/ZDQx88Rvn9 and nominate your mutuals before it's too late!

Thank you.

[Perp @perp_nft]

@damskotrades This is what winning looks like

[Perp @perp_nft]

Some great lessons on playing new metas

[CryptoAmsterdam @damskotrades]

Timedotfun // Playing new markets

1. Testing out new things.
2. Few examples of plays done earlier.
3. My current play.

1. Testing out new things

Besides altcoin swing trades and playing the cycle with spot, I’m constantly testing new platforms and playing smaller metas.

It's fun, you learn a lot, and often it's easier to find an edge here.

Let’s say 90% lose their money to the 10% who profit. Markets don’t just create money out of air; you compete with others. The small group that plays best walks away with money funded by the rest.

The market you participate in also decides with whom you are competing.

Imagine a room with 100 people, including you. Only 5–10 will walk away with all the money everyone brought in.

The weaker your room, the more opportunity there is for you.

Trading Bitcoin on leverage?
A high liquidity market. Accessible to anyone. You can bet on it that the room nowadays is filled with a) veterans with hardened strategies, professionals, bots, firms, and whatever; you get what I'm saying.

Trading NFTs in 2021?
Newer emerging market, low liquidity, and when I dove in, it became clear that it was easy to get an edge here. Later, I realized it was probably because I brought years of market experience into a room filled with first-time market participants and premium sneaker-botting younger people.

Many of the old heads here never got the idea of NFTs, and the vibe in general was much more hopeful for utility altcoins, which made many not jump in.

People should not take anything too seriously in crypto, and should not reflect their opinions of what is good. Our job is about guessing what the market thinks is good or not. Follow the money and attention.

When I jumped into NFTs, I thought it was extremely stupid, didn't understand it, and wondered why people paid thousands for JPEGs.

But the attention, money, and gains. In combination with a significant aversion, hate, and disbelief from CryptoTwitter, it got my interest.

I think it was Cobie/Ledger minting or talking about these bunnies pushing me over to mint these. They went up a crazy amount, and it got me hooked.

Crypto went into a bear market after the 69k top, and NFTs continued for another good 6(?) months with a lot of opportunity and fun.

When?
We don't have a lot of history. Still, it seems to me that often either early or even before the cycle, these 'new metas' pop up, to take a break when the crypto bull run takes off as capital and attention flows to the crypto tokens pumping to return in a bigger wave when the crypto market slows down and tops as everyone now has money and chases the new thing.

> NFTs did a round before the 2021 cycle
> NFTs had their massive wave after Bitcoin topped

This brings us to the SocialFi wave that happened before this cycle.

Before the current cycle started, I had a super profitable period of being early with SocialFi platforms and finding an edge.

2. Previous socialfi plays

1. FriendTech
It all started with FriendTech. I woke up with the platform being live for only a couple of days and saw the biggest accounts signing up, while most of Twitter again disliked it and spewed their hate on it.

Quickly signed up and it was pretty easy to extremely outperform everyone else by simply watching the activity page and whenever a big account signed up, quickly buy as many keys as possible when the price was still cents, into a couple of dollars to sell them within an hour for sometimes thousands of dollars each.

This stopped working after a couple of days as too many people started to watch this page. We set up a bot, and the fun continued for a few more days until the competition between bots became too competitive, and the number of fresh big accounts was too low.

That was when I stopped trying to trade it and moved on. Later, we got hit with a big airdrop as a bonus.

This tactic had nothing to do with being a big account myself, as many claimed it was only profitable for big accounts.

2. NewBitcoinCity.
SocialFi was here to stay, so I started trying out other platforms. NewBitcoinCity was on Bitcoin and stood out in terms of options on the platform itself. So I deposited a small amount.

On this platform, you could buy a placeholder key from someone who has not yet signed up. I blasted my capital all into placeholder keys of big accounts and waited for the socialfi wave to move into this platform and realize their keys.

It happened, and many accounts went up 50- 100x.

Again, this tactic had nothing to do with being a big account. Opportunity is always there for everyone.

(rip newbitcoin city I think btw)

3. Stars Arena
This time it was on Avalanche. Same tactic as with FriendTech, as we've been in since day 2 or 3. I started to buy new sign-ups and make a profit, and eventually, I put everything into a couple of keys as I believed there was more room for growth.

The wave came in as expected, and everything pumped until socialfi generally slowed down as crypto started to steal the show. I also moved my focus.

A couple of months ago, we received a pretty big airdrop as the platform is still alive (and doing well, and I love to see it).

Why do I think it's worth it?
> It's often pretty easy to find an edge
> I think it's a lot of fun, like playing a game
> You'll learn things and skills you wouldn't have learned otherwise
> Low capital is needed, and potentially has a high upside.
> With NFTs, it gave an opportunity while the rest of the market topped. Besides the opportunity, you had something to do that helped not buy dips in crypto too early.
> SocialFi popped up before this cycle, while everything else was slow/sideways

The present:

I think SocialFi is here to stay this cycle and will get another wave of attention and money. I believe the probability of another crypto bull wave is high, and since SocialFi thrived before this cycle, I think it’s likely to see a similar flow after or at the end of this cycle, just like NFTs did.

Kaitoa’s recent success gives me some extra confirmation that SocialFi is still alive.

Besides that, I still like the Arena (before StarsArena) on Avalanche. Over the last few days, I've invested some money into @moolah.

Why?

> SocialFi
> Solana (hot chain this cycle)
> Gets support from the Solana team
> Actual product and unique twist compared to other socialfi projects: you buy minutes of people, which you can use to DM them, call with them, or even do a video chat.
> The minutes you buy are a currency, which will be burned if used.
> Airdrop still has to come (points system)
> Becoming a creator is still gated, as you need a code, which will open soon. (early imo)

As always in crypto, I don't know and am not betting on something to be around forever: I'm betting on socialfi getting another wave of attention this cycle. Timedotfun is a unique product that is still early in terms of big account sign-ups and money inflow.

For now, I'm simply buying some big accounts that have already signed up, and I will keep an eye on the new sign-ups.

Things recently got up a bit as they got some attention, so I'm slowly scaling in on dips and not top-blasting with all my allocated capital.

This is a high-risk degenerate play, and I'm not affiliated with the team.

[Perp @perp_nft]

@damskotrades We did have fun with those jpegs…

[Perp @perp_nft]

I just joined the CryptoAgents allowlist.

CryptoAgents by @CryptoEternalAI is the first fully onchain PFP collection for AI agents. Like CryptoPunks but for agents.

Minting May 21 on Ethereum. Secure your spot: https://t.co/IrGxBPm9fj

[Wayfinder Foundation 🧭 @AIWayfinder]

Wayfinder AI - it’s the future that you want to be a part of. Create your account and fund your wallet today!

[Perp @perp_nft]

Another 1% of $PROMPT is up for grabs as part of @AIwayfinder's community campaign!

Activate your agent at https://t.co/kiewk6cj1G & complete the missions to earn 2% allocation for testers and supporting our community!

🔗 https://t.co/4R4NDop1ss

[Perp @perp_nft]

Just submitted my shot at the 🧠 $ALBERT presale at @play_memoria! 🤞 $ALBERT is setting trends, not following them. Oversubscribed presale & growing momentum—this could be the AI cornerstone of @avax !🔺
🔗 Secure Your Spot Now!
👇 https://t.co/ylvlzLSvGE

[CryptoAmsterdam @damskotrades]

Return to utility in the next stage of Crypto?

My shower thoughts on where the space might head.

The cries for utility tokens to shine—not just memes—have echoed across Crypto Twitter for months.

But often, these utility tokens are just ideas, visions, or unused products without revenue. That’s why many argued that meme coins are just a more honest version, making no promises, while utility tokens often end up being meme coins with unfulfilled promises.

People feel disappointed and ashamed of the space, as it seems we’ve failed to bring our ideals to life after a decade.

I believe this meme coin cycle is a stage in our own vaporware and shitcoin speculation environment and cycle we had in the past decade—something we’ve taken too far.

And once we take it too far, there’s no way back.

Over the last 10 years, the valuation curve of crypto projects—those without products, just ideas, visions, or no revenue—has risen steeply to unsustainable levels.

Initially, the public could bet and win on this vaporware speculation. But as market efficiency improved, projects launched faster, and pre-investments reached absurd valuations before any delivery and public launch, making profit impossible for the public.

I think we’ve entered the ultimate blow-off top phase of vaporware betting: meme coins—the final and most honest form of vaporware, making no promises and available to the public.

Hot air speculation on steroids.

L2s with no products or users, only accessible to private investors at hundreds of millions in valuation, versus dog pictures hitting millions.

Neither has a product, but one is honest and available to everyone, while the other still has to prove itself—often failing to attract users even when a product is eventually released.

That’s why I believe these two sectors (utility and memes) are more closely related than most think. I think that this meme madness is the final blow-off phase of the last decade’s shitcoin speculation environment that we’ve lived and breathed.

We’re seeing the shift.

People are tired of empty promises, skeptical of new ideas due to past failures, and—most importantly—unable to profit from speculation anymore.

The ultimate hot-air speculation phase is here: memes.
No more betting on promises that won’t deliver, no more dead chains. Just the final form of our vaporware speculation—pictures of dogs.

Once we took it too far, there’s no way back.

Once the market learns it doesn’t work anymore and can’t make money on it anymore, it will learn from it—and, at some point, stop betting on it again.

The market will have to evolve.

Utility tokens will return, in my opinion—but not in the form we’re used to.

I believe we’re shifting toward a market that demands real products, revenue, users, and actual token utility.

Two reasons:

1. The Fundamental Stages of Our Cycle

2017 Era:

> Vibes: “We’re going to build so many cool altcoin products” (decentralized YouTube, etc.).
> Public can still easily profit, as private valuations are lower, fewer tokens exist, and the market is less efficient.

2019-2021 Era:

> Vibes: Skepticism grows as many previous cycle projects fail.
> More and higher private raises.
> The market becomes meta-sensitive, with more options to bet on.
> DeFi and on-chain products with real web3 native users have their moment.

2023-2025 Era:

> Vibes: We took vaporware speculation too far—ridiculously high valuations everywhere. No profit for the public anymore.
> No products, no users, no revenue—yet billion-dollar valuations.
> The public can only buy these high-priced launches, failing to profit.
> The ultimate vaporware product cycle = memes. No expectations to fail, and public access.
> But now we’re taking memes too far: Celebs launching scam tokens.
> The president launching a meme token for himself and his wife.
> The public starts to lose trying to bet on low-cap memes.
> Millions of new tokens are launched every month.
> People risk their and others' health to gain attention.

The public can’t make money on utility anymore because we took it too far—giving extreme valuations based on whitepapers.

After this cycle, we can’t make money on memes either—because millions of tokens launch daily, celebs scam everyone, and people are harming others just to shill their own meme coin.

Once there’s no money to be made, there’s no reason to push the trend forward.

Nature needs to heal.

2025-2030+ (Speculation)

> We took ‘utility’ speculation too far. Then we took ‘meme token’ speculation too far.
> The market now demands real products, revenue, and users.
> Good ideas alone won’t get projects massive valuations anymore.
> The shitcoin betting era of the past decade is done. After peak dilution and insanity, we slow down. No more millions of tokens every few days.
> Utility season returns—but on steroids—no more whitepaper betting.

I don’t think memes will die after this cycle, but I think the idiotic way we’re doing it now won’t work anymore. We’ll return to a more select basket of ‘real memes’—OG tokens and a few of the strongest new ones. I even think a form of SocialFi/Tokenization will survive.

Disclaimer:
- All speculation and shower thoughts
- I'm not saying this happens now, as in today, I think this will be the direction for after this cycle and probably for the next 5-10 years

Reason 2: Bitcoin super cycle.

I think this is the line that is going to change everything we are used to in terms of cycles and dynamics.

The fundamentals are exploding, but the room for upside within our usual cycle structure and diminishing returns is shrinking.

// SuperCycle (real?????)

Many older, successful assets with strong fundamentals started with a period of diminishing returns. Until something fundamentally changed, breaking the pattern: their Supercycle started.

1. S&P: America becomes the world superpower
2. Apple: Introduction of the iPhone
3. NVIDIA: AI ramping up
4. Bitcoin: Governments turning pro-Bitcoin, ETFs, BlackRock, strategic Bitcoin reserves?

I don't know if it will happen this cycle or the next one, but I think it'll happen soon (within 5 years probably) and looking at the state of our Altcoin speculation environment and cycles, it makes even more sense.

Before understanding where I want to go with this post about Altcoin speculation as we know it and what I expect for the next 5-10 years, I need to explain quickly how Bitcoin influences the dynamics between Bitcoin and Altcoins.

We have seen a vastly similar dynamic between Altcoins and Bitcoin over the last cycles, and pretty much repeating Crypto cycles in general: 4-year cycle, Altseason, etc.

If we look at the chart below, we can see that Altcoins suffer against Bitcoin (lose BTC value//Bitcoin dominance increases) in 4 out of the 5 cycle phases.

1. Bitcoin bear (steeply down) -> Bitcoin dominance up
2. Bitcoin sideways after bear -> Bitcoin dominance up
3. Bitcoin rises towards the old highs -> Bitcoin dominance up
4. Bitcoin 1st leg into new highs -> Bitcoin dominance up
5. Bitcoin 2nd leg into new highs -> Bitcoin dominance down -> Altseason

Bitcoin season, money mainly flows into Bitcoin, and most Altcoins consistently lose value against Bitcoin and perform horribly. Some Altcoins will do well, but few tokens and niches will do so. High PvP environment for Altcoins

Altcoin season: money flows into Altcoins, Altcoins gain market share, and the market (even though nowadays still meta-sensitive) becomes less pvp: more can go up simultaneously, and rallies are more sustainable.

Some observations we can make:
> Bitcoin strong and going up; usually bad for Altcoins
> Only after Bitcoin accepts new highs do we hit a certain point where Altcoin season starts and dominance drops. Something happens probably attention or fomo wise for people to step in.
> Bitcoin is trading in a very structured cycle format.

My main point here now is that:

When we break it:
The drop in dominance is every cycle at a certain point tied to Bitcoin price action below the diminishing returns resistance. If Bitcoin breaks above it and starts a super cycle, it's macro price action will drastically change, strengthen, and become more sustainable. If the structure of Bitcoin's macro price action changes, so does the dynamics between Bitcoin, cycles, and altcoins, which we were used to.

I believe breaking this line will send Bitcoin dominance much higher, reclaiming a large share and changing Altcoin speculation as we know it forever.

Many see a super cycle as making everyone rich, but most hold zero Bitcoin and will get absolutely roasted as dominance surges. This will wipe out 99.9% of altcoins—they're just vaporware.

I don't think altcoin speculation will disappear based on this speculation. We've always seen small baskets altcoins perform well against BTC even though Bitcoin dominance was rising. The general environment is just a lot more PvP; most people lose money and miss out on the hot narratives.

If Bitcoin dominance goes much higher, I think the balance between projects declining vs. outperforming will be even more drastic than what we've seen so far.

Fewer will do well, most will do poorly for a longer period than we’re used to, and many won’t survive.

This lines up with my earlier thoughts that this meme cycle is the final altcoin speculation blow-off phase in a larger (decade-long) shitcoin speculation cycle we've experienced. And we're moving into an environment where Bitcoin thrives longer; dominance grabs back attention, and Altcoin dilution/madness peaks and returns to a smaller basket of projects where the market demands more.

As long as we don't break the diminishing returns line:
If we don't break it, Bitcoin won't be able to make fresh highs anymore (after this cycle). Without fresh highs, no attention and money inflow to fuel a new altseason.

So either way, imo the dynamics of BTC <> Altcoins will change after this cycle.

Once more:
- Just shower thoughts (very speculative)
- No expert here, just some thoughts around my idea based on charts.
- I'm not talking about now or this cycle; more about the macro direction of crypto speculation.
- I think we might feel this shift already in the cycle now, but I still think there's a high probability of an Altseason coming (bitcoin dominance down).

[Perp @perp_nft]

@GreighWard Ok i'm trying this. Been looking for a better trap lift...

[CryptoAmsterdam @damskotrades]

Exploring Abstract.

1. What is Abstract?
2. Project list on Abstract

As you know, I believe a second phase of the bull will come and favor Altcoins.

While holding my spot positions in the already leading sectors, I’m also exploring upcoming ecosystems, trying to catch new narratives that might gain attention.

The first one I want to talk about, and probably one of the most talked-about, is @AbstractChain.

If you've seen the hype on Twitter, you're probably wondering what exactly Abstract is and why it is getting so much attention.

Let’s dive in! 👇

1/ What is Abstract?

Abstract is an Ethereum L2 created to solve one of crypto's biggest challenges: making blockchain simple and accessible for everyday users.

Developed by @IglooInc, the team behind @pudgypenguins , Abstract focuses on scaling, user-friendliness, and community-driven culture.

They aim to simplify the blockchain experience for the average user, making onboarding seamless and app discoverability intuitive.

TLDR: Abstract aims to become the platform powering the next generation of consumer crypto.

2/ Ok, but what is consumer crypto?

@LucaNetz , CEO of Igloo and Pudgy Penguins, calls consumer crypto “the adoption of blockchain-powered applications that serve billions of people in their everyday lives for personal use.”

Despite all the progress crypto has made at the tech and infrastructure level, we still haven’t reached that elusive tipping point of mass adoption.

Complex wallet setups, seed phrases, fragmented ecosystems, and clunky app designs make the onboarding process daunting for newcomers.

Abstract aims to fix this by creating a frictionless, user-friendly experience while promoting the growth of the culture economy.

3/ How is Abstract consumer-centric?

Built to appeal to everyone (not just crypto experts), Abstract focuses on areas where mainstream users already spend much of their digital lives: gaming, social networks, and entertainment.

Its four core pillars align with how people already use digital platforms:

1. Community & Culture: Drawing from Igloo Inc.’s experience with Pudgy Penguins, Abstract prioritizes cultural relevance and community-building.

2. Familiar Onboarding: Offering intuitive user flows that rival the best of Web2 UX, Abstract aims to simplify blockchain interaction, offering advanced wallet security and easy onboarding.

3. App Discoverability: A curated platform ensures users and developers enjoy a cohesive, intuitive ecosystem - simplifying the search for apps and experiences.

4. Security & Scalability: Built on Ethereum, Abstract inherits its reliable security. ZK cryptography with a performant data layer in Eigen DA provides scalability and efficiency.

4/ Key Features

Abstract isn’t just about technology; it’s about transforming how we use it.

Two of its standout innovations include:

>Abstract Global Wallet (AGW) - An easy-to-use wallet designed for mass adoption:
- Sign up via email, socials or passkeys - no seed phrases required.
- Instantly fund wallets and use them across apps with one-click logins
- Account abstraction eliminates the complexities of traditional wallets

>Panoramic Governance (PG) - A new governance model that rewards both users and builders across the chain’s ecosystem:
- Designed to make Web3 governance fair, rewarding, and scalable.
- Drives ecosystem growth by aligning incentives.
- Can be adopted by other L2s that have native governance tokens

5/ Final thoughts

Abstract is an L2 that takes a consumer-first approach, aiming to tackle the barriers that have long hindered mainstream Web3 adoption.

With Pudgy Penguins crossing over into popular culture, Igloo has shown they understand how to bridge crypto with the mainstream.

There's an impressive amount of development already within the ecosystem, with many projects being built.

I've made a list of projects; feel free to follow: https://t.co/3jNd6MaRMq

None of the projects in the list should be seen as endorsements, as I've added anything I came across to create an overview, and I have no affiliation with Abstract either.

Mainnet is set to launch in January 2025, and momentum is building.

Keep an eye out for upcoming posts as I explore some of the hyped projects being built on Abstract.

[Perp @perp_nft]

@damskotrades Beautiful

[CryptoAmsterdam @damskotrades]

NFTs from the top to the bottom!

Posted at the top of the NFT mania, and here we are, in the quiet stage.

As I always say about the cycle structure I use for Crypto, they work on any asset.

As well as for NFTs.

NFTs Thoughts:

- Bottoming in stage 3.
- Will return in Crypto's final stage.
- In the final stage, some will move into stage 4 (some front-run).
- After Crypto tops, they'll fly.
- Cycle structure applies, but fundamentals decide success.

Some will stay in stage 3, some touch stage 4, and those with the right fundamentals will reach stage 5 with a parabolic upside.

Fundamentals = narrative.

Every crypto cycle has new narratives that succeed. I don’t think the market will favor boring 10k PFP merchandise roadmap projects anymore.

My speculation:
1. Historic/established projects will do well
2. Art will make a comeback
3. New narratives like hybrid NFTs ($NPC, for example)
4. Projects with strong brands or revenue-generating products.
5. Newer and more relevant chains: ordinals/bitcoin eco

[Perp @perp_nft]

@damskotrades Too much alpha

[Perp @perp_nft]

@damskotrades Beautiful

[Perp @perp_nft]

Top-tier education... 🔥

[CryptoAmsterdam @damskotrades]

https://t.co/9hdhGu5whb

[wale.moca 🐳 @waleswoosh]

2024 is almost over.

What can we look forward to in Q4?

Which NFT projects have the most exciting plans?

Here is an overview 🧵👇

(1/11)