Yesterday, I talked about the three key levels to watch in the $BTC head-and-shoulders top pattern. In a market correction, there are only two projects I’m willing to buy at key levels: $UNI I and $AAVE
In a market correction, we shouldn’t rush to go all in and buy the dip. Instead, we need to carefully study a project’s fundamentals and technicals to decide which assets to accumulate as prices pull back. A correction gives you the best opportunity to do your research.
The market has been highly volatile lately, and many popular narratives are cooling off. This has only made me more certain of one thing: in the next market cycle, capital will ultimately return to projects with real businesses, users, and competitive moats.
I remain bullish on two established DeFi projects: UNI and AAVE.
UNI: The infrastructure for on-chain trading.
As long as the crypto market is running, demand for trading won’t disappear. Whether it’s stablecoins, RWAs, or more traditional assets moving on-chain, they’ll all depend on mature on-chain trading liquidity. Uniswap has already built a strong first-mover advantage in this space.
AAVE: A core lending platform for on-chain finance
Beyond trading, lending is also an indispensable part of the financial system. AAVE has genuine demand for borrowing and lending, liquidity, and protocol revenue. Compared with many projects driven purely by narratives, its business model is much more solid.
I’m bullish on these two projects not because they have any short-term catalyst for a huge surge, but because they represent the two most fundamental needs in DeFi: trading and lending.
If the market continues to correct, I’d rather gradually accumulate these kinds of assets at reasonable valuations than keep chasing tokens with nothing but a story and no real business behind them.
What may be worth paying attention to in the next cycle isn’t a new story, but established projects that have already proven they can make money.
In a market correction, we shouldn’t rush to go all in and buy the dip. Instead, we need to carefully study a project’s fundamentals and technicals to decide which assets to accumulate as prices pull back. A correction gives you the best opportunity to do your research.
The market has been highly volatile lately, and many popular narratives are cooling off. This has only made me more certain of one thing: in the next market cycle, capital will ultimately return to projects with real businesses, users, and competitive moats.
I remain bullish on two established DeFi projects: UNI and AAVE.
UNI: The infrastructure for on-chain trading.
As long as the crypto market is running, demand for trading won’t disappear. Whether it’s stablecoins, RWAs, or more traditional assets moving on-chain, they’ll all depend on mature on-chain trading liquidity. Uniswap has already built a strong first-mover advantage in this space.
AAVE: A core lending platform for on-chain finance
Beyond trading, lending is also an indispensable part of the financial system. AAVE has genuine demand for borrowing and lending, liquidity, and protocol revenue. Compared with many projects driven purely by narratives, its business model is much more solid.
I’m bullish on these two projects not because they have any short-term catalyst for a huge surge, but because they represent the two most fundamental needs in DeFi: trading and lending.
If the market continues to correct, I’d rather gradually accumulate these kinds of assets at reasonable valuations than keep chasing tokens with nothing but a story and no real business behind them.
What may be worth paying attention to in the next cycle isn’t a new story, but established projects that have already proven they can make money.