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28 Dec, 4 tweets, 1 min read
0/3 Here are my 10 crypto predictions for 2021 in no particular order:

1. $BTC will hit $100K in 2021

2. $ETH will surpass its ATH within the next 6 months

3. $DOT will be Top 5 by market cap in 2021
1/3
 4. $XRP will get delisted from Coinbase (ahead of its IPO) and will fall out of the Top 10

5. $GRT will be a Top 30 Coin in 2021

6. A Bitcoin ETF will finally get approved in 2021
2/3
 7. DeFi TVL will exceed $100B in 2021

8. A Fintech app with > 100M users will start integrating DeFi apps, sparking another major re-rating of DeFi tokens
3/3
 9. At least 10 DeFi tokens will have market caps > $1B including $UNI, $SNX, $AAVE, $YFI and $COMP

10. DeFi startups will raise >$10M seed rounds at fully diluted market caps >$100M

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More from @SpartanBlack_1

SpartanBlack Profile picture
6 Sep
0/ I don’t know who Chef Nomi is and frankly I don’t really care to know. But it is one thing to criticize his actions and another to speculate on his identity and doxx someone you think fits his profile without concrete evidence.
1/ Whoever started this, you fucking crossed the line. If you cannot prove Sorawit is Chef Nomi, you better damn well make him a public apology. This is a real person we are talking about. Someone with friends and family and a career.
2/ What gives you the damn right to soil his reputation like this? Sorawit reacted rather graciously despite the abuse. If it was me, I would have rained hellfire on you by now.
Read 19 tweets
SpartanBlack Profile picture
22 Aug
0/ I decided to do a tweet storm about DCF models and their usefulness re crypto assets for those valuation diehards out there.
1/ I have come across some analysts who mistakenly equate building a DCF model with doing fundamental valuation analysis. Most of these analysts don’t understand the shortcomings of DCF and naively think it is a robust predictor of price.
2/ Just because a company or platform has cashflow doesn’t mean a DCF model is the best way to value it. Often for startups in high growth phase, a DCF analysis leads to a very wrong outcome and more often than not ends up undervaluing an asset.
Read 17 tweets
SpartanBlack Profile picture
15 Aug
0/ Let me share my perspective on this since I was around in 2017, have strong views on DeFi and also hold .

Disclosure: we are early DeFi investors and we hold , and more than 2 dozen other assets incl many DeFi ones.
1) in every innovation cycle there is bound to be a major bubble. This happens in the stock market and also in crypto. Why? Because these innovation cycles represent a breakthrough and it gets people excited which unleashes animal spirits and greed.
2) In crypto, we saw this in 2012-13, 2016-17 and it is happening again. Are bubbles bad? Not necessarily. It creates incentives and draws in talent to innovate. It also generates the capital to enable these innovations.
Read 15 tweets
SpartanBlack Profile picture
4 Aug
0/ I have lost count of how many $YFI clones have blown up. Many are probably wondering why they couldn't replicate the $YFI magic when it looked so easy for $YFI. The factors I attribute $YFI's early success to are 1) differentiation; 2) founder; 3) community and 4) investors.
1/ When $YFI first emerged, it was the first fair-mined DeFi coin which offered a crazy high yield (~1000%). This was unprecedented at the time. Subsequent iterations of $YFI didn't offer any real differentiation, and the fact so many sprang up was dilutive to all but the first.
2/ When I look at an early stage investment, I focus alot on the founder's track record and motivation. Andre Conje is a known name in crypto harking back to the 2017 ICO boom when he did countless code reviews for the benefit of the community for no financial benefit.
Read 6 tweets
SpartanBlack Profile picture
2 Aug
0/ The market has changed in the last 48 hrs and we are now entering into the second half of this 3 year bull market which started in Jan 2019. There is new capital flowing into crypto probably enticed by the massive rally in DeFi tokens over the last few months.
1/ As new capital comes in, they go into the safer and more liquid large caps like $BTC, $ETH and $XRP first. When was the large time $XRP was up 20% in a day?
2/ As the large caps rip, legacy capital will be forced to rotate some capital back into liquid large caps, driving them up further. This will come at the expense of the small and mid caps. There will be a penalty for illiquidity short term.
Read 9 tweets
SpartanBlack Profile picture
1 Aug
This is the Coinbase's list from Sep 2019 . So far only Orchid is listed. In my view, the ones most likely to get listed in 2020 are Polkadot, Avalanche and Near. Solana probably in 1H2021.
The coins that have launched that are not listed yet incl Celo, Kadena, Nervos, Handshake, Solana and Polkadot. Near and Avalanche are very close. The ones most likely to get listed in 2020 are Polkadot, Avalanche and Near. These are the assets investors care about.
There is also strong interest in Solana but given its limited circulating supply ATM and a major vesting coming in Dec 2020, I think a 1H2021 listing is more realistic.
Read 6 tweets

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