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Andrew Kang Profile picture
@Rewkang
Jun 23, 2020 • 6 tweets • 2 min read • Read on X
Ethereum will become the secondary Bitcoin settlement layer

#parabolic Image
wBTC will be to BTC what USDT is to USD Image
H/T @defipulse

btconethereum.com
Throwback

better res graph Image
Huge demand for wBTC - wBTC more valuable than BTC

https://t.co/oZ3AOYPUqW

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More from @Rewkang

Andrew Kang Profile picture
Mar 11
This was pretty insane memecoin alpha from AVAX foundation

Whenever a big player says they are buying, it never fails to ignite momentum when market conditions are ok (CZ/Binance in March, early Saylor buys, etc). Suddenly, the technology improves

Don’t fight the fed
Think you see this strategy replicated across all chains/foundations in the future, just as all of them launched DeFi incentive programs

It’s a very high ROI/probability way to increase onchain activity, bridging inflows, community members, etc
It’s the same reflexive loop that chains saw with NFTs last cycle where people needed to buy the chains coins to buy the NFTs and every chain wanted NFT collections but I think there’s more power in this loop because tokens are better speculative vehicles than their NF counterparts
Read 4 tweets
Andrew Kang Profile picture
Dec 30, 2023
1/ The road ahead for Arbitrum ($ARB) - Mega thread

2021
- Arbitrum launch

2022
- Nitro upgrade for improved performance
- Arbitrum Odyssey introduced but paused
- Arbitrum Nova, a separate chain built for lost-cost transactions focused on gaming and social apps was launchedImage
2/ 2023 was the year of big launches and announcements

- Launched highly anticipated $ARB token, with 1.162B tokens distributed to ~580k wallets
- TVL doubled since the start of the year
- 4th highest TVL chain - more than Solana and Optimism combined
- Resuming Arbitrum Odyssey Image
3/ But things are just getting started for Arbitrum.

Believe that these following catalysts/narrative will really kickstart the arbitrum flywheel going into 2024:

- Arbitrum Orbits
- STIPS
- ARB Staking
- EIP-4844
Read 15 tweets
Andrew Kang Profile picture
Jun 7, 2023
The New King of Money Markets

The @RDNTCapital Thesis twitter.com/i/web/status/1… Image
1/ At $5B and $2B TVL, Aave and Compound are currently the largest money markets in crypto

By innovating while others cruise, @RDNTCapital is the top competitor to challenge the throne and has the potential to become the new King of Money Markets in all of crypto
2/ At a glance:

-$260m TVL across Arb/BSC

-First functional cross-chain MM (lend on X chain, borrow on Y)
-Launching on ETH & zkSync next
-Safely adding more collateral like $ARB (other MMs move slowly)
-Token design optimized for demand & protocol growth
Read 16 tweets
Andrew Kang Profile picture
Feb 27, 2023
Accumulated spot position in $STX last 2 weeks as well

As an investment, it hits the sweet spots of good supply schedule, strong marketability, cheap relative valuation, important catalysts ahead, proven bear market resistant builders
Main catalyst is the Bitcoin Halving in a year and I think Hal's comparison to LDO & the merge is pretty apt

Second big catalyst would be potential catalysts for DeFi on Stacks - potentially catalzying a 9-10 figure DeFi ecosystem built around $BTC
On relative valuation, my proxy would be Lightning network who i believe if they had a token would be valued at least multi-billion FDV just based on brand value alone, regardless of usage

But if DeFi on Stacks takes off, it probably leap frogs Lightning on actual usage
Read 7 tweets
Andrew Kang Profile picture
Jan 25, 2023
Every cycle, people need a good excuse to miss the bottom

in 2018, it was Tether FUD. This cycle, it's "bad macro"

Markets are forward-looking - equities can bottom almost a year before recession

For $BTC, its likely the worst is behind us

kitco.com/news/2018-12-2… Image
Yes, the Macro situation is not inspiring (for the US), but after an 80% drawdown, it seems to be overly priced in

It would take an extreme catastrophe to create even worse sentiment

The negativity of 2022 was an opportunity to buy cheap $BTC - can you ask more from the market?
The ego is a wonderful thing - its hard to admit being wrong and missing the bottom

But the sooner one can overcome that, the more coins one will acquire
Read 4 tweets
Andrew Kang Profile picture
Jan 16, 2023
1/ 2022 Echo Bubble - Full thesis

A thread presenting evidence for a mid term bottom and oncoming "echo bubble" with thorough confluence from technical analysis, onchain data, and exchange/derivatives data
/2 From a TA perspective, we have just given every person that considers technicals in their trading/investing reason to start to look for long exposure. $BTC & $ETH have broken above diagonal trendlines & MAs, started weekly momentum crossovers, reclaimed important supports
3/ The most important indicator of an oncoming rally is the weekly RSI crossover from a previous very long period of bearish momentum implying large potential energy for a move higher based on a supply squeeze.

Read 19 tweets

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