1/ Thread on the Terra $LUNA ecosystem.
Imagine if every time USDT, USDC, DAI or any other ETH based stable coin was minted it required an equal amount burned in ETH?
Welcome to LUNA’s tokenomics, a fascinating design that has burnt >100m (~22%) Luna over the past 3 months.
$GLXY is my largest position, take a minute to read why, I think $100/share is on the table in the next few years and there is ample liquidity to size into this.
Here is a short summary of why I believe $GLXY is such a sleeper and significantly undervalued/misunderstood by the
Bottom Is In, New Highs Imminent
$BTC had a great run off the lows with a strong bounce back into the range, I think we are on our way back to ATHs for a few reasons, given this I went long a bunch of $ETH and $TON, my biggest leveraged trade ever, lets talk it out!
Price
1/ My highest conviction altcoin is $BANANA
I first wrote an in-depth thread about it nearly 4 months ago at $23, since then BTC is +35% and Banana is up over 100%, one of the few alt coins to outperform BTC in this market.
Below is the updated investment case 👇
1/ Thread on $BANANA@bananagun the cleanest way to play a rise in on-chain trading across Ethereum & Solana
Banana's volume has been exploding recently, in the past 2 weeks its earned >$1.5M in fees, 40% of that is paid back to Banana holders giving it an APR of 30%
There is a 77% chance the ETH ETF starts trading next week!* I am extremely long $ETH right now, here is why:
I believe current market positioning is way to bearish and we could see a significant upside repricing if the ETH ETF flows are anything but horrible.
Yesterday's $ETH
Bottom Is In, New Highs Imminent
$BTC had a great run off the lows with a strong bounce back into the range, I think we are on our way back to ATHs for a few reasons, given this I went long a bunch of $ETH and $TON, my biggest leveraged trade ever, lets talk it out!
Price
Longed a bunch of $ETH here
-> Finally crypto weakness vs equities past couple weeks makes sense (insiders front running Mt Gox news)
-> This morning when equities opened, $NVDA -7% at one point, crypto barely moved (bottom signal)
-> Crypto traders that are still alive have
With Mt Gox, German coins, ETF selling on the horizon, I do not believe that support levels and ranges will hold
NVDA looking like a local top
The only buyers seem to be leverage and short term traders knife catching
These moves typically result in a multi billion dollar
VanEck just filed for $SOL ETF this morning! People are instantly skeptical due to the lack of a Solana CME futures market but....
VanEck's head of Digital Asset Research @matthew_sigel dropped some MAJOR alpha yesterday on @scottmelker show refuting the argument that CME
Lets go through some reasons to be bullish right now, I am currently long $ETH$SOL and $TON
First lets do a quick review of the price action.
BTC has been ranging between 57-74K for the past four months. It was generally correlated with equities up until the start of June then
Why the $ETH ETF is bullish, $SOL's tech vs $TON's distribution - what matters more?
Just recorded a super high energy episode of the @Delphi_Digital Hivemind Podcast with @ceterispar1bus@3xliquidated@yeak__ lots of laughs and great discussion/debate!
Fairly confident the bottom is in here.
$BTC ran the May low at 56.6K, destroying over $10B in open interest and is bouncing strongly. The biggest single day leverage wipe since FTX's collapse!
This V recovery is exactly the type of reaction I want to see. If we get back into
IMO the bottom is in or $BTC runs the lows at 56.6K before heading higher. Market structure is completely different from May 2021 there is very low odds we see 40Ks.
Key Differences:
1) Market Leverage
May 2021: Funding had been consistently 50-60% annualized on $BTC for
1/ Macro thesis on BTC & ETH
During @UpOnlyTV with @CryptoCobain @ledgerstatus@Sicarious_@mattysino, Matty and I got into a debate, I am writing this thread to clarify my Macro thesis.
In my view the only way out of current debt levels is inflation = bullish for BTC & ETH.
1/ The objective in crypto is to survive and outperform BTC & ETH.
In my opinion this is accomplished through one thing, conviction.
Thread on conviction and how I choose and invest in projects.
1/ $HYPE could hit $50-100 given its position as crypto's dominant DEX and new high throughput L1.
First lets discuss the DEX component: If Hyperliquid can maintain just a fraction of it's growth rate we could see it reach ~20% of Binance's volumes by the end of the year.
