- #ETH volatility at lows - traders waiting for #ethereumshanghaiupgrade to enter positions - nobody's buying volatility - costs about $55 to long volatility in either direction on#dopex - longing cheap volatility before a major event may be a good idea
Having perpetual put options to protect against downside risk for synthetic assets is a sustainably scalable solution to mint synths #syntheticassets #dopex
A good way to make it in crypto while having objective goals and cashflow is to aim for x% of a protocol's tokens. Anything additional from farming/LPing etc. could be sold for cashflow. This way if said token grows 500% in the next bull, you get exposure to it while earning cash
Accumulating cheap tokens and near free NFTs in this stage of the market is a call option on the productivity of teams in the crypto space, as well as a put option on the current (failing) monetary system.
With the removal of most previous barriers to trading via retail platforms - participants now don't really need to follow valuation metrics created by "sophisticated" investors, and can simply go up/down based on what people like/don't like.
Dropping aggregate NFT volume per week for the past 5 months with constant/increasing transactions/wallet activity is a good indicator of risk-appetite in the NFT space dropping and growing popularity of free and/or cheap mints.