nothing changed just the price
bid and chill $CETS
P4NCZI retweeted
I can endure this PA for as long as is needed because at the end of the day I am 100% convicted in what I hold and truly believe that one day it will be a leading meme on bnb
Right now, BNB is not the first choice for traders, it has low volume/liq, and choice of memes. But, it is currently leading RWA growth across all chains, and binance is also supporting and incentivizing these memes. The low amount of biddable coins also plays into our hand here, when liquidity comes it will be more concentrated on 'obvious' plays, and I believe this is an obvious play
I have made literally all of my money in crypto in contrarian and underlooked plays, in both memes and defi, and I believe many will miss large multiples because they will try to allocate once a bnb season has been confirmed, rather than before
and yes, I am well aware that even if a token is 'good', it is not guaranteed to succeed. I've fell victim to this many times. Coins needs many things, it needs good price action, good holders, attention, and a little bit of luck
But before it gets all those things, it needs to go through PA that will shake even the bravest of holders. It needs to establish a holder base so retarded that the only people left are those who think that it can go to billions. Sometimes on the first runup of coins, you get a glimpse into public opinion around them. You can remember this for later, and use it as a looking glass when the coin is back in the depths of hell
It is 10000x better to endure this PA now before catalysts because for as long as this PA continues, the pool of tokens left to be sold into catalysts is continually shrinking, and other metrics, like web2 engagement and holder count, are continually growing
A coin is only as good as the foundation which it is built upon, and this cets-on-gold:native is being triple reinforced
P4NCZI retweeted
It could not be more evident to me that there is going to be an insane bnb season to play catch-up
Binance has already showed it's cards, being the first cex to support and incentivise holding RWA rewards coins on the platform
It's only a matter of time before the market catches up
P4NCZI retweeted
robinhood:0xca9c78dd337a67f6e0077f65f5e9218719d30edf holds the largest treasury of onchain stocks btw
SEC APPROVES LIMITED ONCHAIN TRADING OF TOKENIZED U.S. STOCKS
The SEC approved a temporary, conditional exemption allowing tokenized NMS stocks to trade on certain onchain venues using automated market makers and liquidity pools.
The exemption is limited by symbol and trading-volume caps and requires transaction transparency, recordkeeping, technology safeguards and coordination around trading halts.
The SEC says the program is designed to let regulators observe real-world tokenized stock trading before considering longer-term rules.
This is not a blanket exemption for tokenized equities. The SEC had previously outlined a temporary, volume-limited framework for testing this type of trading.
Source: SEC
P4NCZI retweeted
Ok, further thoughts on stonk eco and what I believe offers the best r/r moving forward.
I want to preface this by saying I still think older coins are a safer bet... For the most part. Old doesn't necessarily imply good.
I've been randomly firing off at new things. Some have rugged. Some look ok (for now). I do this mostly with the yield my holdings spin off.
Also, I'm not the end all be all. I'm wrong A LOT. I've definitely got a few screws loose.
Now that that's out of the way, what's the play?
Holding the coins you think will end up in the top ten.
"Haha ok genius, would be great if we could all predict the future right?"
Fair criticism, but let me explain.
There's a flywheel that takes fees from the ENTIRE ecosystem and buys the top ten coins. That's a reason to care about who gets there and who can stay there. It doesn't mean every top ten coin is a good buy at any price.
Now... How do we get an edge?
Let's start with a little lesson ab how AMMs work and why a ripping underlying gave things like wif/bonk a massive tailwind.
If there's 100 peepee paired against 100 poopoo, and poopoo doubles in dollar value while the pool ratio stays unchanged, peepee's quoted dollar price doubles as well.
There's a linear relationship. No one had to buy peepee for its dollar price to move.
In this sense, the coins you hold (notice I didn't say buy) can benefit from the underlying going up without anyone buying them.
Where I'm going with this...
All else equal, pick the most bullish denominators you possibly can.
So where am I looking?
Coins I think can survive, paired against assets I think will go up.
This is a long game. The greatest food farm on chain has ever seen.
Stonk to 1b+ (nfa)
P4NCZI retweeted
It’s ironic that the best take on aave labs is from Gauntlet
My 50 iq understanding of aave history:
Stani, Emilio(the3d) and core team built eth lend and then aave v1, pioneering lending protocol
Marc helps a lot with product, marketing and more to build aave up (aave v2)
Stani gets bored with defi, moves into social with lens
Meanwhile Marc and aave dao (token logic, chaos labs continue to build aave v3 and gho)
Aave v3 and gho very succesful thanks to AaveDAOs efforts-> Stani and aave labs come back to work on aave again
aave dao funds v4, built by aave labs
Recently, aave labs redirects front end fees from the DAO
Imo no one in their right mind denies that Stani, Emilio built something great from nothing with aave(with a lot of help from Marc even early on) and is entitled to some profits
But no one in the right mind also thinks that aave labs is acting purely benevolently towards tokenholders, transparnetly, or fairly given the context,
teapaw.org/jmo_mx/status/18777868…
insane thing to post when you completely forgot about Aave for four years while you were selling $AAVE tokens to build a "social network". Only started to show up to work again when it completely failed and you had nothing better to do
P4NCZI retweeted
to give context to Aave's 17.5x price to revenues ratio:
weighted average P/E ratio for global banks sector (emphasizing larger banks) = 13.9x price to earnings.
median P/E ratio for U.S. banks (emphasizing larger banks) industry = 10.8x price to earnings.
you're telling me with all the growth potential for AAVE, that this fucker is not underpriced? lol. can it go lower because the market can get very depressed sometimes? yes. but in a few years, will these prices look like generational buy opportunities? also yes.
@aave $aave