I’m Bullish on layer 1 blockchains…

Not financial advice.

Generally I’m a fan of infrastructure projects when a new industry is forming. The famous saying of “When there’s a gold rush, sell shovels”. Layer 1s that have stood the test of time and maintained their community, had steady uptime(sorry $SOL lol) and have build partnerships over the past years might do well in my opinion. Why is this?

If you have been paying attention, many layer 1s have morphed from what new age chains are doing, which is copy pasta. And have been developing their tooling, onboarding process, interoperability, and partnerships. You know the boring stuff that nobody wants to read. For example, not an endorsement, but $LINK have been working with SWIFT(a messaging service for facilitating cross border payments) for the past few years and have standardised a process for tokenising real world assets(read up DTCC). I’ll just give a subtle $XRP wink. $ADA recently partnered with Saudi government on doing forensics on the blockchain, and also with Argentina to further blockchain adoption.

To cut it short a lot of work behind the scenes happen that do not affect price because crypto heads generally look more short term and are not interested in what’s being built. And these partnerships are being tested out on test networks using test tokens which don’t affect price. The coming cycle might be driven by ETF. Follow who serious players are partnering with. Multiple ETFs will exist but only for tokens with institutional interest. And I don’t think they want memecoins.