Altcoin Watch | Layer-1s, oracles, and lending aren’t moving in sync
Binance spot, Oct 19, 11:00 Beijing time, rolling 24 hours: SOL +1.48%, LINK +1.53%, AAVE -0.20%. The three representative tokens are diverging. A localized rally shouldn’t be called “altseason,” let alone taken as evidence of net inflows across the entire sector.
My screening order: first, check whether relative strength against BTC can persist; then examine usage, revenue, and unlock pressure. Price strength is a clue, not proof that fundamentals have improved.#SOL #LINK #AAVE
Binance spot, Oct 19, 11:00 Beijing time, rolling 24 hours: SOL +1.48%, LINK +1.53%, AAVE -0.20%. The three representative tokens are diverging. A localized rally shouldn’t be called “altseason,” let alone taken as evidence of net inflows across the entire sector.
My screening order: first, check whether relative strength against BTC can persist; then examine usage, revenue, and unlock pressure. Price strength is a clue, not proof that fundamentals have improved.#SOL #LINK #AAVE