Interesting thread, though I suspect most of these are already consensus
Agree with some…
But if I had to be contrarian…
Agree with some…
But if I had to be contrarian…
https://twitter.com/realnatashache/status/1470121339025440770
1/ Alt L1s underperform $ETH
Alt L1s had a 10,000% year. Development will continue and LT bullish, but profits being distributed year end by funds means large overhang.
ZKR impact on ETH also seems overlooked, wouldn’t write off ETH/altL1 trade yet.
Alt L1s had a 10,000% year. Development will continue and LT bullish, but profits being distributed year end by funds means large overhang.
ZKR impact on ETH also seems overlooked, wouldn’t write off ETH/altL1 trade yet.
2/ DeFi catalysts
DeFi has already been through a full bear market, with most names down 70-80% against ETH. Who’s left to sell?
L2 proliferation, outside capital being onboarded via projects like @goldfinch_fi, sustainable yield products like @ribbonfinance hard to write off
DeFi has already been through a full bear market, with most names down 70-80% against ETH. Who’s left to sell?
L2 proliferation, outside capital being onboarded via projects like @goldfinch_fi, sustainable yield products like @ribbonfinance hard to write off
3/ Gaming froth
No game outside of Axie has the same thriving eco, but almost every game primary + secondary is priced benchmarking $AXS.
Tons of tokens with limited use case trading at blue chip vals ( eg $GALA) with major overhang. Quality and shit both trade down imo
No game outside of Axie has the same thriving eco, but almost every game primary + secondary is priced benchmarking $AXS.
Tons of tokens with limited use case trading at blue chip vals ( eg $GALA) with major overhang. Quality and shit both trade down imo
4/ Cross-chain
Hard to disagree here, but if whole market trades down, yields and new yield opps come down, slowing cross-chain volume for current iteration of bridges.
Hard to disagree here, but if whole market trades down, yields and new yield opps come down, slowing cross-chain volume for current iteration of bridges.
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