AlΞx Wacy 🌐
AlΞx Wacy 🌐

@wacy_time1

18 Tweets 2 reads Nov 28, 2024
15 Surprising Realities about This Bull Cycle.
🧵⬇️
● $BTC Season is Memecoin Season.
When Bitcoin rises, people often buy memecoins en masse, which positively affects their prices. x.com
● Long-term holders continue to sell $BTC aggressively and have already sold nearly 730,000 $BTC over the month.
U.S. spot ETFs play a key role, absorbing about 90% of the selling pressure. x.com
● $SOL above $500 may be a reality.
Memecoins, along with AI and DePIN narratives, are attracting a lot of attention.
Even when the memecoin era comes to an end, AI and DePIN projects' developers continue to opt for Solana. x.com
● Blockchain-based AI agents are still undervalued.
AI agents are already making their mark in the real world. However, AI built on blockchain offers greater decentralization and privacy. x.com
● Ethereum is set to rise.
Open interest in Ethereum has exceeded its previous all-time high, surpassing $13 billion—a growth of over 40% in the last four months. x.com
● Most Ethereum L2s Will Fail.
The most promising L2 at the moment are Base and Mantle.
Unless Ethereum Foundation develops "a concept of L2 hubs", 90% of L2 chains will not survive the next bear cycle. x.com
● Trendy technologies will succeed.
AI, DePIN, and RWA are the future.
At least that's how retail sees it, so keep an eye on these trends.
x.com
● Non-key narratives are great for speculation.
For example, DeSci is very interesting. While it may be less popular, it has been and will continue to be well-pumped. x.com
● Quantum Crypto.
Quantum stocks have surged over 1000% in just one month.
It's worth keeping an eye on projects that are quantum-related in crypto. x.com
● Santiment.
Take what people say here with a grain of salt. They're often too bearish during dumps and too bullish during pumps. x.com
● Letting go of altcoins.
When you consider offloading your altcoins and everyone labels you an absolute idiot, that's your cue for the best moment to cash out.
@cobie's thoughts.
I think Cobie knows something a little more about this market than we do.
Listening to his insights and then making your own decision would be wise. x.com
● The old rules of the market still apply.
Even though this cycle differs greatly from previous ones, altcoin growth remains heavily reliant on Bitcoin dominance. x.com
● The market is a cycle.
Today it's memes, tomorrow it's technology, and the day after, regulations.
Cycles have never been canceled. Remember that. x.com
● Thought from My Experience.
Some people might benefit more from seeking dips in alpha plays, rather than attempting to catch another risky beta play.
Reflect on it.
⭐️ Hope this sparked something new!
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