$RSTK - Restake Finance is the first protocol launching modular liquid staking for EigenLayer.
It's the utility and governance token of the Restake Finance ecosystem.
Catalysts - https://x.com/Pastore1314/status/1743613557839691844?s=20
I've overtraded this one, but now it's entering a nice bid area and demand is definetely showing itself here. Rebought expecting potential 20% downside, but going to just hold this for now. It's the first token available within the broader Eigen layer narrative. I don't want to look back and see that I overtraded a powerful narrative again like i did with Mubi.
It's 30mil market cap, FDV is around 100mil. FDV put me off initially, but I don't want to be an FDV mid-curver on this one.
Kelp DAO is competitor and leader. It's tokenless for now, there's hints that there will be a drop at some point. so the plan would be to just hold this until an airdrop announcement
It's the utility and governance token of the Restake Finance ecosystem.
Catalysts - https://x.com/Pastore1314/status/1743613557839691844?s=20
I've overtraded this one, but now it's entering a nice bid area and demand is definetely showing itself here. Rebought expecting potential 20% downside, but going to just hold this for now. It's the first token available within the broader Eigen layer narrative. I don't want to look back and see that I overtraded a powerful narrative again like i did with Mubi.
It's 30mil market cap, FDV is around 100mil. FDV put me off initially, but I don't want to be an FDV mid-curver on this one.
Kelp DAO is competitor and leader. It's tokenless for now, there's hints that there will be a drop at some point. so the plan would be to just hold this until an airdrop announcement
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BGC Priv Journal
some consolidation until momentum compresses. Following last time would lead up to another expansion phase sometime in toward end of Jan / start of Feb. Would also line up with the timeframe of the correction period alts may have be going through. Will be…
INJ is built different, Jump hard at work
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BGC Priv Journal
INJ is built different, Jump hard at work
i underestimated Jump
Don't forget the bigger picture -
We've just had minicycle precursers that are kind of unvailing the potential leaders
L1: ETH, Sol, INJ, TIA, KUJI
AI: OLAS, TAO, ORAI, WLD - runner up - AGRS; small cap - EnqAI
Sol AI: NOS, SNS, DITH
Compute: RNDR, AKT, OPSEC
L2's OP>ARB, MNT
BRC20: Ordi, Mubi, BSSB, ORDS
DeFi 2.0 - LSDFi, Restaking, RWA: Pendle, BTRFLY (Berachain dual play, currently market not up to speed so it's cheap), Ondo. Runner ups - SSV, PRISMA, LBR
ETH Cult Coins: SPX, Mog, Bitcoin
ETH Memecoins: Smurf, Joe, Pepe (pepe beta - bobo, wojak)
SOL Memes: Bonk, WIFF, Harambe, Stan, etc (i'm not to versed in sol memes)
Risk Managment rn is ultimate priority. Better to buy when things are cheap and just trade stack back to value later. Want good cost basis on convictions + good size $ stack for when the real alt szn comes. Thats when shit can gets really retarted
We've just had minicycle precursers that are kind of unvailing the potential leaders
L1: ETH, Sol, INJ, TIA, KUJI
AI: OLAS, TAO, ORAI, WLD - runner up - AGRS; small cap - EnqAI
Sol AI: NOS, SNS, DITH
Compute: RNDR, AKT, OPSEC
L2's OP>ARB, MNT
BRC20: Ordi, Mubi, BSSB, ORDS
DeFi 2.0 - LSDFi, Restaking, RWA: Pendle, BTRFLY (Berachain dual play, currently market not up to speed so it's cheap), Ondo. Runner ups - SSV, PRISMA, LBR
ETH Cult Coins: SPX, Mog, Bitcoin
ETH Memecoins: Smurf, Joe, Pepe (pepe beta - bobo, wojak)
SOL Memes: Bonk, WIFF, Harambe, Stan, etc (i'm not to versed in sol memes)
Risk Managment rn is ultimate priority. Better to buy when things are cheap and just trade stack back to value later. Want good cost basis on convictions + good size $ stack for when the real alt szn comes. Thats when shit can gets really retarted
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Think the last L1 season we had was more of a mean reversion. They started form "below 0" while eth started from 0, but we got a glimpse of who’s going to be a real contender during the heart of the bull cycle and where u probably want to spend time and energy looking more into, so ur prepared when they get a liq rotation again
For ex. Sol stopped and had a 30% correction when the drawdown from the past peak to current local top matched eth's drawdown (appx 50%) & had bonk reach $1B during the heat of its liq rotation. Manipulated or not, those two factors may have helped Sol established itself as a real growing contender that’s here to stay from last cycles L1’s.
In contrast, matic showed no strength, so it's probably the market telling u that spending time revisiting the eco is a waste of time/energy and it’s better to focus elsewhere
Rn it’s clear this has been just an accumulation period where Mini alt szn’s were giving clues to who the potential strong outperformers are
For ex. Sol stopped and had a 30% correction when the drawdown from the past peak to current local top matched eth's drawdown (appx 50%) & had bonk reach $1B during the heat of its liq rotation. Manipulated or not, those two factors may have helped Sol established itself as a real growing contender that’s here to stay from last cycles L1’s.
In contrast, matic showed no strength, so it's probably the market telling u that spending time revisiting the eco is a waste of time/energy and it’s better to focus elsewhere
Rn it’s clear this has been just an accumulation period where Mini alt szn’s were giving clues to who the potential strong outperformers are
First Reactions of Approval before the SEC said account was hacked. Reactions were interesting:
- Bitcoin whicked up/down and ended flat. It's now declining after the SEC's follow up statement
- Eth & Eth beta ripped and still moving after SEC's follow up statement
- Bitcoin whicked up/down and ended flat. It's now declining after the SEC's follow up statement
- Eth & Eth beta ripped and still moving after SEC's follow up statement