proto-danksharding narrative

to trade this narrative, look towards eth L2s that utilize rollups

https://twitter.com/ThorHartvigsen/status/1651222915822632961?s=20

tldr; building wealth is easy, but keeping it is hard

1. secure basic necessities like food and rent
2. maintain 70% of gains to continue compounding
3. diversify real world income
4. increase wealth security before taking additional risks

https://twitter.com/DigitsCapital/status/1651617275148107776?s=20

Circle launched its cross-chain transfer protocol (CCTP) which will likely monopolise USDC bridging

not good for cross-chain bridges

https://twitter.com/WinterSoldierxz/status/1651536390642073602?s=20

for those scalp traders, good to refer OI and liquidations as such here

#tips

https://twitter.com/EmperorBTC/status/1651600659618168833?s=20

idrk what’s going on w $PEPE but seems like a market peak to me

anyw happy labour day all! :-)

state of PEPE..

https://twitter.com/degenspartan/status/1652981740590493697?s=21&t=zSniIqiQP2eKSQ8krZL0Sg

with the transparency that crypto brings, it also brings volatility as traders tend to track and follow whales

"The perception of actions by large holders can also have a consequential impact on Bitcoin’s value."

then again, there are smart whales and dumb whales

follow carefully!

https://www.theblock.co/post/229014

GMX is approaching my ideal buy zone here (purple box)

confluence of price support + sloping support trendline from the ascending channel

of course, with the breakdown of the ascending channel we'll likely see further bloodshed

regardless, might still be a decent long term hold esp if you stake your GMX for yields in ETH
_______________

GMX was the perp dex play of 2022 and I believe it has established itself well to maintain its position or go for another run in 2023 (or the next bull cycle)

why?
1. built on arb which is undeniably the best L2 rn w highest TVL
2. sound incentivised staking model backed with market confidence and understanding
3. well positioned among competitors in different metrics (fees, TVL, users, etc.)
4. steady rising adoption
5. sound tokenomics and token utility of $GMX

not FA

*would love to see some reaction upon reaching the zone or trendline

fear? time to be greedy

https://twitter.com/RookieXBT/status/1653356169082044420?t=Cz6_FE_38EYX0_aDv_cLfA&s=35

"Due to the US debt ceiling debacle, no banks can get "bailed out" by the govt. This is the perfect point of political paralysis to capitalise on another probably several non-TBTF banks getting deaded by the FDIC."

TBTF - too big to fail

#reads

https://twitter.com/CryptoHayes/status/1653175131123126272?s=20

sectors perf post fomc

defi, meta, gaming, pow, mining are dead clean returns since dec/2022 (don't be dry liquidity)
Fan tokens, launch pool/ launchpads, BCS, Innovations coins are real performers (continue to outperform) Trend/friend

tldr;

token unlock design’s impact on volatility and long term health:

• Small unlock events, those that increase circulating supply by 0% to 1%, had no meaningful relationship to price.

• Larger unlocks, those that increase circulating supply by greater than 1%, correlated to a noticeable, negative relationship: as unlock size increased, prices decreased.

• Tokens that have vested most of their supply (more than 70%) had both substantially lower volatility and higher relative prices than tokens early in their vesting periods.

• Protocols with a higher than average allocation to private groups (e.g. team, investors) than public (e.g. ecosystem, community) showed modestly better performance for protocols with a higher allocation to private groups. The results, however, in our view weren’t meaningful enough to be a primary consideration for token engineers.  

#reads

https://6thman.ventures/writing/we-analyzed-5000-token-unlocks-this-is-what-we-found/

agree w this esp the points on how previous cycle’s problem are slowly being solved or improved on

the space keeps growing in traction and tech

we’re about to hit the S-curve for real

https://twitter.com/redphonecrypto/status/1654173100139847681?s=21&t=hwjUFPTzHMgAogqPhxB6DA