Good morning, my dear internet friends. Stockmart is writing you all from the airport as he awaits a flight to a secret, undisclosed location (opsec, stay safu, etc (as a doxxed CT character)). To kill the time I decided to put some thoughts down regarding the computer coin markets, and what the future may have in store for us — The Survivors. This is mainly for myself to be honest; I need some structure to really clarify my thoughts and writing is a great medium for this. However, maybe you will also enjoy this write up, and maybe you could provide the missing pieces as to why I am giga right and will be rich or why I will be giga wrong and poor. Because, at the end of the day, that’s the beauty of this place. We all just want to make it for our famalies, and together we will.
Before I dive in here, I would like to clarify a few things. Primarily, I don’t like thinking too much. If it sounds bullish and good, then it probably is in my opinion. Too much think and you end up FUDing yourself out of a bag, but yes, this way of doing business is a double edged sword — too little think and you won’t HODL for the MOON and a LAMBO. However, this works out for me more often than not due to this second point — I like looking into opportunities that most shrug off and ignore. Yes, similar to the garage band hedge fund guys from CT’s favorite movie le Big Short. There’s little to no alpha in the crowds, ya know? So, personally, I don’t give one single fuck about zk-rollups and all the other popular sectors and predictions. At the end of the day, those will be released, and then what? Whatever is coming after will be even more bullish and good and tech. It’s like that with almost everything.
These ignored opportunities provide a great R:R in my opinion because if you’re wrong, you’re wrong small, but if you’re right, you’re right big! Once the skeptics start considering a play, and are no longer casting it off to the side, you’re already positioned, comfy, and riding the wave! Of course, there is a clear downside to this — the play/narrative actually is garbage, and it never catches on. You lose some dollars, and you also lose due to opportunity cost because you were sitting in crap instead of doing something else. In that case you just go look in the mirror, tell yourself “it is what it is”, then keep plugging away. Alright, I think that’s it. Let’s get into it. The following are a few of the plays/narratives I think many are brushing off.
y00ts
Idea number one I have posted about a few times already — y00ts to the fucking moon; the migration to Polygon is wicked smaht.
I don’t have any solid, good data points to really back this up, but I think this is shaping up to be a perfect storm for a few reasons. First off, I like that Polygon is throwing money around. They’re aware that no (at least as far as I know) NFT project originating on Polygon has broken through, and permeated across the CT hive mind. Polygon is obviously lacking here, and at this point it’s clear that alt coins with pictures are here to stay. NFT activity is the primary reason people are still bullish on Solana, so why shouldn’t Polygon be trying to beef up their on-chain jpeg activity?
This investment into y00ts leads to me to believe that Polygon is looking to leverage the established DeGods/y00ts community to push new NFT collections and web2 collaborations through the upcoming NFT accelerator/launchpad being developed by the DeGods/y00ts team. While I do have some questions about the actual efficiency of the “partnerships” Polygon has done with established web2 brands, the door is at least open there. There’s a wide range of possibilities here from a [insert streetwear brand] x y00ts collaboration all the way to things my pea brain may never consider.
On the pfp NFT side, it makes sense on a base level for new collections trying to find their footing to want to work with Polygon and the y00ts team in the early stages. Will they succeed over the long run? That’s tough to say. But that’s also the wrong question. The right one is — will they pump? I think 100%, yes. One glaring negative here is that no launchpad has ever succeeded. This leads many to believe that they never will. This, of course, is flawed thinking. Just because something has never happened doesn’t mean that it can’t happen! I think the flywheel effect here has the chance to make this the one that finally does it. Consider this potential scenario:
1. DeGods/y00ts has an established community. They mostly HODL already as the Solana faithful have already been washed out.
2. HODLers stake their jpegs to accrue points over time. The team has already stated that holders will be able to spend their points across a variety of things, namely new mints that happen on their NFT launchpad.
3. Newly minted projects go up. People want in on these “free” mints. They buy y00ts.
4. HODLers are vibing big time. Stake and chill, get free mints (aka free money). Nobody selling.
5. Demand > supply = number go up
6. HODLers grow richer as numba go up, so they keep staking, vibing and buying even more y00ts to add to their collections.
Polygon wants NFT activity on their chain, they’ve coughed up the dough to bring an established brand and community to their chain, and thus the incentives are aligned for both the Polygon and y00ts teams to ensure this launchpad is the first to succeed. Additionally, I believe the demand from projects looking to get in will be high as they’re essentially guaranteed a base layer of community members in the form of the already established DeGods/y00ts Community that will support the project over time.
Third, and final reason to be bullish on y00ts is that their team, despite any other flaws we can think of, is composed of incredible hype men. And at the end of the day, that’s really all that matters in the NFT sector.
Cardano DeFi Season
The next topic of discussion is one we never thought would come — Cardano DeFi Season. I’ll keep this one brief as I honestly haven’t put too much thought into this potential play.
What do we know about Cardano DeFi? Most of us know nothing. But what we do know is that people love a good DeFi season so that they can gamble on fresh Ponzi schemes with brand new charts.
Roughly a year ago I believe, we started getting interested in a potential Cardano DeFi Season as the chain was finally live. People were buying a dog token by messaging the devs and just trusting that they would send the coins to your wallet. Very primitive and bad. Additionally, there was a flaw where only one txn was going through per block (or something like that) which made people totally give up on Cardano as it was pretty much useless. The Cardano DeFi season never came.
Now that everyone has given up on the possibility of this occurring I think it’s time that it finally happens. I haven’t gotten around to setting up, bridging, etc, but from my understanding the issue I mentioned above is fixed, they’re getting a Cardano native stable coin, and most importantly, CT doesn’t care about what’s going on.
ADA has been held up by hopes and dreams for years, their holder base is retarded, and that is great for us. We get onboarded now, start playing around, then we unload the bags once bridging becomes easy and CT at large is talking about Cardano DeFi actually working.
Let Andre Cook
Fantom currently has nice numbers in the activity department as well as a very nice TVL to Market Cap ratio, and maybe other fundamental and good numbers. But more importantly, they also have a man known as Andre Cronje back at the helm.
Andre has fallen from grace a bit, and has currently be relegated to the has been realm of CT main characters. This is good because it’s not like he’s actually changed, people just don’t care as much as they once did. Many bad tastes left in people’s mouths after Solidly and much older innovations gone wrong.
I think with him back in the saddle and leading the charge, alongside the good fundamental numbers as well as the idea that the L1 trade isn’t completely dead gives us a good opportunity to buy beaten down Fantom DeFi coins (which themselves have bullish and good fundamental numbers) and then sell them 3x-5x higher.
Two main coins I am buying are $BOO and $GEIST which are the leading DEX and Lending markets respectively. Currently, the TVL in Spookyswap is 4x greater than it’s FDV and the Geist TVL is about 6x greater.
The Layer 1 Trade Isn’t Dead Brosquitos
I dropped this in the last part, but I think people were too quick to jump to the conclusion that Ethereum has won and nobody will want to buy L1 tokens anymore. I mean, why would it be over? There’s not just one bank, or one airline, or one farmer growing corn, so why would computer networks be any different? Just because there’s only one internet? Grow up, this is web+ baby. Old favorites like Avalanche, Fantom, and even Harmony have caught a bid these past couple of weeks, and I think we will continue to see some of these ecosystems rise once more from the ashes.
But this section isn’t about the old heads, this section is about two new Layer 1s I think are going to do well — Berachain and Canto.
They are similar in many ways, and different in many others, but the main theme of them doing the Cosmos x EVM thing is why I think they will do well. CT loves a good Cosmos or EVM circle jerk, so if we combine those circle jerks they form an infinity sign which means we will always be jerking and infinity bidding. Disclosure I have a bag of both, and was in the BERA seed round. Demand for this coin is high, just trust me bros. Every billionaire in the world was unironically calling me about it, word to his name was Kyle Salami.
Alright, I’m going to call it here. Hopefully this got y’all’s noggins jogging. I’ll probably be wrong, and will get bailed out by the GCR sponsored echo bubble and subsequent Super Cycle, but in the end I don’t think it matters how I reach generational wealth just that I get there. We all gunna make it, in my opinion. With just a smidgen of risk control, you will print in the coming years because you have survived; just don’t forget your survival instincts.. Don’t let them control you as you will miss on big plays being scaredy cat, but consider them.. let them guide you, let them flow over you like Paul did..
