I made this chart on August 14.
In 11 days, BTC rose from 63k to 80k, and most projects on the leaderboard outperformed the market.
$HYPE +50%, $PUMP +60%, $LIT
close to +50%.
To be honest, these 11 days made me more certain of one thing. After this cycle, the filter for altcoins has changed. In the past, people looked at narratives and sectors; now the market is asking a more direct question: where did the money you made go?
Buybacks are the hardest answer to fake. Whether there is revenue, and where that revenue goes, is all clear on-chain.
I expect DBR to follow this wave too, but honestly I’m not in a hurry. 100% of protocol revenue is used for buybacks, treasury at 31 million, circulating market cap under 90 million. It’s the position on the leaderboard that makes me feel the most at ease.
In 11 days, BTC rose from 63k to 80k, and most projects on the leaderboard outperformed the market.
$HYPE +50%, $PUMP +60%, $LIT
close to +50%.
To be honest, these 11 days made me more certain of one thing. After this cycle, the filter for altcoins has changed. In the past, people looked at narratives and sectors; now the market is asking a more direct question: where did the money you made go?
Buybacks are the hardest answer to fake. Whether there is revenue, and where that revenue goes, is all clear on-chain.
I expect DBR to follow this wave too, but honestly I’m not in a hurry. 100% of protocol revenue is used for buybacks, treasury at 31 million, circulating market cap under 90 million. It’s the position on the leaderboard that makes me feel the most at ease.