Portfolio Update:
L2 - $ZK
Interoperability - $ZRO
RWA - $MKR
AI - $IO
Base - $AERO
SOL- $JTO
I've chosen 7 projects in preparation for the upcoming 2024~2025.
[1] $ZK - @zksync
- Numerous L2 projects are expected to surface by 2025, and among them, ZK-Rollups are likely to be the ultimate winner.
- zkSync is undoubtedly the first-mover in the zk-rollup space. For those with "size," zkSync could be an attractive new coin to bet on in preparation for the bull cycle.
[2] $ZRO - @LayerZero_Labs
- LayerZero is one of the projects that received significant investment from VCs this cycle, and due to their vested interests, these projects are rarely "abandoned." (This investment logic also applies when considering zkSync)
- LayerZero's interoperability product plays a crucial role in tokenization and, as seen in its collaboration with JP Morgan, is highly likely to be adopted by other institutions.
[3] $IO - @ionet
- AI is one of the major narratives of this year, and Decentralized GPU Computing is a sector where one can invest simultaneously in AI, Gaming, and DePIN.
- Compared to competing projects, IOnet has a relatively low market cap and offers high-quality products.
[4] $LISTA - @lista_dao
- SEC risks in crypto are gradually being resolved, with several of the SEC’s claims against Binance dismissed.
- ListaDAO holds a position similar to Lido/Jito on the BNB Chain and is poised to benefit the most if BNB rises.
- Historically, Binance Launchpad and Launchpool projects have yielded high returns, with this cycle’s megadrop expected to continue that trend.
[5] $MKR - @MakerDAO
- Maker is the third-highest revenue-generating crypto app, following ETH and SOL.
- The upcoming redenomination will provide a fresh chart and reset the unit bias.
- There is no VC/Team overhang as all VCs have already sold off during the bear market.
[6] $AERO - @AerodromeFi
- With over 110M customers, Coinbase's smart wallet will provide a mechanism to onboard millions of users directly onto Base chain.
- Coinbase Ventures has been continuously market-acquiring a $AERO position, positioning Aerodrome as the best large-cap proxy for Base.
[7] $JTO - @jito_sol
- As the end of the year approaches, optimistic outlooks on a Solana ETF are expected to become more prominent.
- Jito has captured nearly half of Solana’s LST market share. The project has generated $176M in revenue over the past year and is undervalued compared to $LDO and $AAVE.
- Additionally, Jito is set to become the first-mover in Solana Restaking, which is expected to increase both its utility and revenue.
* * *
1. I believe the markets will be higher from here by year-end.
2. But this cycle, I don't expect "all coins" to pump. Thus, I plan to focus on projects with strong fundamentals/narrative.
3. While I agree with the recent controversy around "Evil VC coins" from an investment perspective, I don't pay much attention until the unlock starts.
4. I feel that the biased sentiment about "Unlocks (exit liquidity)" is growing, and as they've done in the past, VC/KOLs will leverage this mindshare to their advantage in a bull market.
5. Most likely, when big projects like Monad launch and major VC coin prices start rising, many retails and CTs will ignore the FDV issue.
So, I'll be DCAing heavily into these projects and also holding my previously mentioned smaller bags.
