$LPT Bear market is when you find out who was swimming naked! In September last year, the LPT price was the same as the ZEN price. Now the ZEN price is 5 times the LPT price. In October last year, the LPT price was the same as the AR price. Now the AR price is 3 times the LPT price. Choose more than just effort!
$CFG Centrifuge’s real RWA business data: TVL is about $1.635 billion, with annualized protocol revenue of about $5.7 million. Partners include institutions such as Janus Henderson, Apollo, Coinbase, and New York Life. CFG is still the organizer of the RWA alliance. Its market cap is severely undervalued. Compared with ONDO’s on-chain TVL (about $4 billion), its market cap is $2 billion. So CFG’s corresponding market cap should be around $800 million—yet it’s still under $100 million now, leaving about 8x upside! With annual protocol earnings of $5.7 million, it has already outperformed 90% of project teams in the crypto space. Many altcoin protocol teams make only several hundred thousand to over a million USD per year (AR, FIL), and their token market caps are several hundred million to even more than a billion dollars. So CFG is a severely undervalued coin! The current price likely reflects the project team washing the market—accumulating at the bottom. It won’t be far from liftoff!
In the crypto market, it always drops whenever there is an important meeting. Tomorrow the 23rd, Xi Jinping and Putin will meet. Bitcoin and Ethereum should have a major pullback!
$LPT This project on the 8th proposed a BME 2.0 proposal. I roughly looked at it: it uses 70% of protocol revenue to buy back tokens for burning, so that the burn offsets inflation. At the same time, it cancels the high-APR rewards, which is why a lot of large stakers pulled out—i.e., this is the reason the coin dropped. If the proposal passes, overall it’s bullish! But in the short term, many large stakers exiting will definitely create some sell pressure. Also, the coin’s spot liquidity is too weak—any large holder selling can drop it by a few percentage points. Later on, if the proposal passes and burning offsets inflation, then the total supply is fixed, which is bullish for the token!