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Cryptic2442
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Whilst the performance of crypto vs equities has been disappointing this year, I wouldn’t be so quick to make conclusions based on just this year. As always some wider context is required.
Since 2012, Btc has outperformed the S&P 500 10 years out of 13.
This is the first year of underperformance since 2022, and btc has never had two consecutive years of underperformance vs stocks.
Let’s see how bitcoin bounces back next year but if there’s one attribute btc has repeatedly shown, is its resilience and ability to repeatedly come back strongly after setbacks.
BTC1.32%
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A load of announcements/catalysts coming for $Umbra just as $Zec looks ready to break its downtrend
This whole time umbra has been outperforming with zec beaten down. Expect greater momentum as zec finally reverses
Nice bid zone here with a new floor being built as it gets ready to attack its highs
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In uncertain market conditions, you want to be buying coins which:
- Have ‘outside bid’ (vc + institutions)
- Strong catalysts imminent
- Show strong reactions on dips
Umbra mode
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Good onchain alts not putting in lower lows vs btc.
If yours are putting in new lows then you’re in the wrong plays.
BTC1.32%
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Onchain weekend
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The strength of Zec during this downturn shows that the privacy meta will remain very relevant
With that in mind I’ve decided to add $Fog as a small cap here at the lows
What’s really caught my eye is the number of strong catalysts they have coming up:
-Non kyc private bank card coming up
-Privacy swap
-Private backed stablecoin
Essentially they are looking to become an all in one privacy solution. Additionally they already have a flywheel in place for buybacks and there might be a big partnership coming very soon too…..
Onchain has already shown us on multiple occasions it will keep provi
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This avici run is the kind of move that ignites an onchain szn
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If Avici is Visa
What’s Mastercard?
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The coins look good
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Equity top
Crypto bottom
The natural progression of capital is from equities > crypto
End of gov shutdown in the next week is the perfect catalyst to drive crypto higher
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Would really love a good perp dex on Solana
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Strength of onchain coins vs Btc is v interesting
Two points:
1) Onchain front ran the dump
2) Onchain participants don’t care as much re majors
Point 2 is particularly important because it tells me no matter the conditions, onchain will always continue to present opportunities
Forever bullish onchain
BTC1.32%
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Privacy ai infra play on meta looks far too cheap
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Bottom in for the month imo
$Avici and $Ace two clear candidates to recover strongly from here
Two of the few onchain plays with actual adoption/revenue
ACE-1.06%
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Zec in price discovery
Meta at ath’s
If only there was a proxy for both with mainnet 2 weeks away…..
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Really like $Avici as a trade here
-$35mil committed in the sale but 90% refunded = instant sidelined demand
-Currently around Ico price
-Legit adoption and demand for their product. Whilst $Karma is a great project, $Avici is much further down the line in it’s development and adoption = should be worth multiples more
-No unlocks to worry about
-Best placed to establish themselves as the neo banking leader onchain, a narrative which I only expect to gather more interest in the months to come
Market uncertainty has created a price inefficiency here presenting good r/r
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