This is exactly how the end of the bullish phase of the cryptocycle is represented by the cryptans, who are now dominated by decadent sentiments. We have nothing against it. 🍌
🔥 However, the bull will end for us when every word is about crypto, when the Coinbase application is#1in popularity, when there is talk about the ETH and BTC flip and about the super cycle. When TOTAL3 (crypto cap excluding BTC and ETH) reaches $2-2.7 trillion. When the future of crypto seems bright. Until then, for medium- and long-term trades, longs are the priority.
⏸ Now there's a pause. The cue ball is on the side. We can move like this for several months so that we can rest in the summer. 🏖️ This is a time to understand current and evolving narratives and perhaps shake up the portfolio. A few thoughts from TT that are worth paying attention to.
🪙 The Solana ecosystem is experiencing a renaissance and infrastructure newcomers are the main beneficiaries:
$JUP - targets leading dexes in DeFi.
$PYTH is an oracle that could... compete with LINK.
$JTO is a sensational drop responsible for the influx of liquidity into Solana.
$TNSR is a professional NFT trading platform.
$W is one of the leading arteries for liquidity in crypto.
$ZEUS - at the junction of Solana and Bitcoin.
All of them entered the market in the form of retrodrops. We are waiting for the release of tokens from Phantom, Magic Eden, MarginFi, Kamino, Backpack. We can't wait. 😂
By the way, also $WHALES. It’s hard to imagine that cryptans will stop speculating and teams will stop manipulating. Capa is 17m$ and FDV is 76m$. 🤯
🪙 Controversial but inexorable development of the Bitcoin ecosystem. Bitcoin-maxi, of course, is against it, but the crypt is open to everyone, and therefore experiments, and sometimes quite successful ones, will continue.
🟢Merlin Chain - EVM and Bitcoin? It doesn't sound serious. And it came out with an estimate of $1.35 billion with $1 billion TVL.
🟢$STX - the second layer of the cue ball and cheaper than ARB according to FDV? Wrap two.
🟢Ordinals, including jeeps and our idea for 100 x.
🟢Liquidium is one of the first DeFi players on Bitcoin. The release of new ones is a matter of time.
🟢Runes. But this is a topic for a separate post.
💵 Retail liquidity goes where the hype is, not where the fundamentals are. TTV has already looked at tons of decks from teams working on L2 for cue ball. Where from similar networks you can be active in hopes of getting a drop, you can look here.
🔷 Don't forget about Ethereum. There have been, are and will be manipulations around ETH itself. But this does not in any way affect the confirmation of blocks in the network and the development of the ecosystem around it.
🟢Restaking. $ETHFI is the first serious player in the re-staking ecosystem. Renzo is coming soon to Binance. Behind them are Swell, Kinza, Kelp, Zircuit. But the market is most looking forward to EigenLayer.
🟢L2. Of interest are networks and their ecosystems with high TVL ($ARB, $OP, $STRK, Blast, Base, zkSync, Linea, Scroll). We haven’t seriously researched L3 yet.
🟢Bridges. The main problem in L2 is the fragmentation of liquidity. We expect the release of LayerZero and deBridge tokens and the development of solutions on top of the protocols.
🟢NFT. In recent days, the BAYC anniversary has brought liquidity into this part of the market. Also, collection authors more often choose the Base network.
🧠 One of the narratives that is gaining momentum is SocialFi.
🟢FriendTech announced a snapshot. Points are traded at $3.6.
🟢Farcaster is gaining momentum. Let's dive in before it becomes mainstream.
🟢SanR for traders, which we talked about at the conference.
🟢District One, Circle Tech.
⭐️ And also investment activity, privacy, GameFi, drop farming, AI, RWA and others.
🔥 Now is the time to build, raise a round, look at projects for investment without euphoria, farm investment tokens on sites.
But when liquidity comes, and it will come, TT will catch a wave of fat trades with DD Pro+
In the meantime, go plan your summer vacation with your family.
You won't earn all the money.