with speculations of elon integrating doge into X, doge has been approaching the trendline and is trading pretty close now

i think the actual announcement might be the catalyst for it to break upside for a bit

don't think i'll participate tho (might regret this) cause i'd rather sit on my hands for now while waiting to deploy other alts at lower levels

sometimes alpha is doing nothing

if you've minted the fundrop pass ^

you should be on the allowlist for this free mint (there is still ~$10 gas)

mint.fun x zora bridge pass

https://mint.fun/zora/0x007777777e83977A6808F19782028b1677117690

in the past 24h, unibot generated 300e in tax

of this amount:
- 134.6 ETH (45%) goes to holders
- 134 ETH (44%) goes to the Team
- 33.5 ETH (11%) goes to LP as an incentive

pretty crazy to me that the team is taking 44%

the idea of telegram bot trading is there, simplifying dex trading and making it very accessible

imo telegram bots will likely remain mostly as a tool for degens to ape quickly in and out of positions esp when shitcoins move so quickly

it is unlikely for most traders to require telegram bot as
(1) professional traders dont usually trade on the move
(2) most people are not big time shitcoiners
(3) plenty of perp dexs for liquid coins
(4) easy buy/sell on cex platforms if not dex
(5) imagine mass adoption has happened 15 years later, if you're a new normie entering crypto would you prefer onboarding an app to start investing or a telegram bot (assuming you plan to invest in liquid coins)

which limits telegram trading bots to mostly shitcoining UNLESS telegram trading bots are integrated with dexs like uniswap (but uniswap already has its own app??)

in this case, why would a dex not build its own telegram bot and integrate themselves instead (or actually just build their own trading app for that matter)
- personally, app > telegram bot because its simply cleaner, less clunky, more professional (consumer confidence)
- i don't think it takes a lot of skill or capital to build a telegram trading bot, given that so many different bots have sprung out after unibot's pump
- if you can build a dex i think you can definitely build a telegram trading bot

which also leads into the point of what moat does unibot have? because i don't see any strong moats
- i believe the community is there for the pump and will fade away when prices does
- unibot has 5% buy/sell tax and the team is taking 44% of profits -> if a new project can do the same bot with lesser buy/sell tax and/or distribute more profits to holders, then won't users flock over instead?

yes, there is still runway and upside but i doubt the longevity and potential (glass ceiling in market capture) unless they pivot/expand into other business sectors. imagine 80% of your current revenue comes from buy/sell tax... what happens when the music stops? but not to discredit the 20% that came from fees (~$2.5mil monthly) which is still respectable and decent

edit: $2.5mil monthly calculated by assuming unibot is able to achieve the same fees as 24th jul (46e) consistently for 30 days

just a ramble of my 2 cents, just a pleb no gigabrain

tldr;
unibot or telegram trading bots that are built solely for trading will likely only be able to operate within the shitcoin category. hence, a seasonal product that peaks during shitcoin szn.

not sure how true that GCR bought hpos10i but if he did then at least we're on the right bet 🫡

lmao elon

FOMC Day

- Game Plan

unibot flips gmx in fees

https://twitter.com/Flowslikeosmo/status/1683990531096076289?s=20

bringing back this piece by cobie ^

fast forward a year later…

BREAKING:
Singapore High Court has declared crypto to be property.

https://twitter.com/WhaleChart/status/1684126023615496193?s=20

potential of RWA space and ethereum's dominance in it

#reads rwa eth

https://twitter.com/ryanberckmans/status/1683894014695571457

my take on the future is coexistence between defi and cefi, not one without the other

highly probable that banks would build their own private chains to control tokenized assets but i believe that they won't want to miss out opportunities on public chains as well

whatever the uncertain future holds, i think link has solidified its spot with CCIP

ccip will allow all chains to be easily connected whether private or public in the future

https://twitter.com/CyberCat2069/status/1683917369922707458

dune analytics layerzero airdrop

check your address' sybil rating

1 being the best, 10 is sybil

https://dune.com/queries/2715896