Zoomer News
Blackrock Currently Has No Plans To File For A Solana or XRP ETF: The Block 🔗 velo.xyz
to me blackrock not planning sol xrp etf just reinforces eth’s case
blackrock telling you its eth szn
THE WAR IS OVER.
blackrock telling you its eth szn
THE WAR IS OVER.
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Crypto Mumbles
https://x.com/defi_monk/status/1953887479959851514
remember this: https://news.1rj.ru/str/cryptomumbles/15079
and the post will kinda make sense
we've been here for years and we're already jaded
but for those that left or have never deeply explored eth, its like that magical moment of discovery
and the post will kinda make sense
we've been here for years and we're already jaded
but for those that left or have never deeply explored eth, its like that magical moment of discovery
Forwarded from Frens Market Feeds
ETHENA'S USDE BECOMES THE SECOND-FASTEST $10B STABLECOIN AFTER TERRA'S UST, SUPPLY SURGES 90% IN 30 DAYS
Forwarded from Birds of a Feather
The concept of levered ETH beta is something degens will always come back to as long as the underlying is trending.
Over time, the market has favored different names. However these names all share the same flaw, that results in them being subpar at what they’re meant to be - ‘beta’.
The definition of beta implies that whenever the underlying asset moves, the beta asset moves with a correlation >1. For every other alt out there, this requires flows from ETH to that alt.
This has historically worked in the past where asset selection was constrained. However in today’s market, one can be easily confused by the plethora of options attempting to be the ETH beta of choice.
One type of asset that is still relatively under the radar though are NFTs. They are unique in the sense that their prices are denominated in ETH, and thus does not need the market to sell down ETH in the pursuit of this different asset. You can literally do nothing and enjoy ETH’s performance even if speculation on the specific NFT is non-existent.
My suspicion is this will soon change as ETH approaches all-time highs and the market realizes it’s simply easier to speculate on NFTs vs chasing specific ETH beta coins. This happened in 2021 and I don’t see any reason why they won’t come back.
To me right now there are only two collections worth speculating on:
1. Punks
2. Pudgys
I’ve never been a successful NFT trader so it will be interesting to see if my hypothesis will simply just remain that, or is there a setup here in the making?
Over time, the market has favored different names. However these names all share the same flaw, that results in them being subpar at what they’re meant to be - ‘beta’.
The definition of beta implies that whenever the underlying asset moves, the beta asset moves with a correlation >1. For every other alt out there, this requires flows from ETH to that alt.
This has historically worked in the past where asset selection was constrained. However in today’s market, one can be easily confused by the plethora of options attempting to be the ETH beta of choice.
One type of asset that is still relatively under the radar though are NFTs. They are unique in the sense that their prices are denominated in ETH, and thus does not need the market to sell down ETH in the pursuit of this different asset. You can literally do nothing and enjoy ETH’s performance even if speculation on the specific NFT is non-existent.
My suspicion is this will soon change as ETH approaches all-time highs and the market realizes it’s simply easier to speculate on NFTs vs chasing specific ETH beta coins. This happened in 2021 and I don’t see any reason why they won’t come back.
To me right now there are only two collections worth speculating on:
1. Punks
2. Pudgys
I’ve never been a successful NFT trader so it will be interesting to see if my hypothesis will simply just remain that, or is there a setup here in the making?
👍4