kompete started moving slightly on the news of the game rolling out^

moved back into range discount after sitting at extreme discount (purple box) for awhile

this is the general pattern of alts that i like to buy (range bound + discount accum signs)

i actually really like how the team has been engaging and delivering thus far

still a v lowkey project that hasn't been talked about by any ct influencer + team hasn't started marketing efforts at all

i might increase my bags cause my conviction kinda increased here

best part is that price action is more or less disconnected from the overall market so idt price will tank that much even if btc drops to 20k

wrote about kompete here in jul:
https://medium.com/@dpycm/kompete-86a291edbd7d

nfa dyor as with everything on this channel

10 thoughts on the current market by crypt0_andrew:

1. DeFi and CEX trading are both dead

2. Gamblefi is still relatively strong as well as some new bots with new features

3. SocialFi narrative is just a bunch of tokens like/around friendtech, all others are still dead (and I doubt that they will ever come back as no one uses them)

4. Shitcoins and low cap lifespan is getting shorter and shorter, many struggle to get to 1M even with super thin liquidity. Many new tokens live 2-3 days

5. Only projects with some unique offering and really good shilling run, usually the idea is very obscure/absurd (especially if you are a mid-curver) so that it can be easily speculated on

6. Ppl are super afraid and jeeters are everywhere booking 15-20% profit on 400k MC token with catalysts, any FUD - sell immediately

7. Revenue share is still a buzz-word but its power has significantly diminished

8. Tokens that had crazy runs (10x+) in a short span of time don't come back after the huge correction

9. Ideal chart - slowly grinding up with healthy pullbacks like $LINQ $SPX $PEAR and other similar stuff

10. Only Mainnet atm, other chains are dead (and maybe few tokens on Arbitrum like $HMX $WINR $gBOT)

https://twitter.com/crypt0_andrew/status/1693973604575084889?s=21&t=Fn80NcvTERgG0s_Snea-Jw

https://twitter.com/friendlendtech/status/1694462703174037790?

The reverse veblen effect in NFTs occurs when users that previously tied their identity to a JPEG begin disassociating due to its inability to signal wealth or status.

BitMEX founder Arthur Hayes wrote: While some think we are going to break back below $20,000 on Bitcoin, I tend to think we spend the beginning of Q3 chopping around $25,000. The market doesn’t realise yet that the faster the Fed loses control of the US Treasury market, the faster there is a resumption of rate cuts and QE. Read more — link

GTM Cheatsheet

#resource

a quick catch up on Solana eco

https://twitter.com/KEMOS4BE/status/1694466000375468472?=s

rule of thumb in crypto is to NEVER ever click on any crypto ads on whatever platforms (Google, Twitter, Dexscreener)

and always check your links + go through official sources

https://twitter.com/0xngmi/status/1694360865154167289?s=20

- Arthur Hayes believes that Bitcoin ETFs from BlackRock, Fidelity, etc. would harm decentralization.
- Hayes recently stated that ETFs from TradFi giants could interfere with crypto mining firms.
- The crypto entrepreneur projected that BTC will continue to hover around the $25,000 level in Q3 2023.
- Hayes added that the U.S. Federal Reserve’s policies would eventually trigger a crypto rally.

"What I’m trying to say is that crypto itself was never the problem – this issue is who owns it.”

https://en.ethereumworldnews.com/arthur-hayes-bitcoin-etf-decentralization/

"Savers continue to pull money from banks who have low deposit rates and send them to MMF, which essentially parks the money with the Fed. The non-TBTF banks will continue to go bankrupt one by one if this continues, and it will, because this is a direct effect of Fed policy." - Kite or Board

new stargate proposals are up for voting

check them out here:
https://snapshot.org/#/stgdao.eth

came across this new blockchain analytics tool, Spot On Chain

looks pretty neat

website: https://spotonchain.ai/
twitter: https://twitter.com/spotonchain

platform preview: https://platform.spotonchain.ai/

beta launch on September 14th

bringing this post back: https://news.1rj.ru/str/cryptomumbles/4005

yet another on-chain tracking platform is arriving and it seems from my very small sample size that people do care quite a fair bit about privacy

big wallets will be finding ways to obfuscate holdings and i think they will appreciate privacy protocols/tools that are convenient and accessible with minimal opportunity costs of usage

expecting a leap to said privacy apps once available

that said, idt any privacy products rn have the right pmf yet