🐻 Ansem (blknoiz06), the king of altcoin rotations. Excerpts from the 1000xPOD podcast.
Ansem started as a software engineer and began trading cryptocurrency in 2017 to understand crypto cycles.
He leveraged the experience from 2017 to profit in the 2021 cycle.
Ansem believes that if BTC breaks $40K, retail FOMO may return, leading to a pullback in altcoins.
Many altcoins have reached their current highs compared to BTC.
SOL has established itself as a robust altcoin, securing its position in future cycles and possibly reaching the top 3.
$ETH might transition from a transactional level model to a settlement level where other L2s confirm their transaction history.
$SOL on the other hand, utilizes its blockchain for both transactional and settlement levels, standing out in this category with a strong developer community.
SOL attracts Rust developers not necessarily tied to cryptocurrency, bringing benefits to the developer community.
⚡Crypto trading cycles and sentiments:
- A BTC ETF in this cycle will provide legislative legitimacy to cryptocurrency.
- SOL developers at the Breakpoint conference were extremely optimistic and inspired.
- Retail investors see markets as a means of additional income due to inflation and injustice. Retail is attempting to gamble to become wealthy quickly.
- Ansem avoids coins with a market cap of $100–200k, preferring projects that have surpassed the death plateau and exceeded $5M.
- His thesis on Unibot, bought for $5M: Many friends invest in obscure coins, constantly rotating capital. The idea of a project facilitating trading these coins through a Telegram bot was logical and highly profitable.
🔥Ecosystem within SOL:
- If SOL creates a wealth effect, it may spread to altcoins within SOL.
- Jito - a mix of LIDO and Mev bots.
- MarginFi - AAVE on SOL, focusing on security and scalability.
- Jupiter – a popular DEX aggregator, simpler and more flexible than other DEXs.
Some market red flags:
- Trading volume on excha... continued on our Telegram channel🐹
#BTC #ETH #crypto2023
Ansem started as a software engineer and began trading cryptocurrency in 2017 to understand crypto cycles.
He leveraged the experience from 2017 to profit in the 2021 cycle.
Ansem believes that if BTC breaks $40K, retail FOMO may return, leading to a pullback in altcoins.
Many altcoins have reached their current highs compared to BTC.
SOL has established itself as a robust altcoin, securing its position in future cycles and possibly reaching the top 3.
$ETH might transition from a transactional level model to a settlement level where other L2s confirm their transaction history.
$SOL on the other hand, utilizes its blockchain for both transactional and settlement levels, standing out in this category with a strong developer community.
SOL attracts Rust developers not necessarily tied to cryptocurrency, bringing benefits to the developer community.
⚡Crypto trading cycles and sentiments:
- A BTC ETF in this cycle will provide legislative legitimacy to cryptocurrency.
- SOL developers at the Breakpoint conference were extremely optimistic and inspired.
- Retail investors see markets as a means of additional income due to inflation and injustice. Retail is attempting to gamble to become wealthy quickly.
- Ansem avoids coins with a market cap of $100–200k, preferring projects that have surpassed the death plateau and exceeded $5M.
- His thesis on Unibot, bought for $5M: Many friends invest in obscure coins, constantly rotating capital. The idea of a project facilitating trading these coins through a Telegram bot was logical and highly profitable.
🔥Ecosystem within SOL:
- If SOL creates a wealth effect, it may spread to altcoins within SOL.
- Jito - a mix of LIDO and Mev bots.
- MarginFi - AAVE on SOL, focusing on security and scalability.
- Jupiter – a popular DEX aggregator, simpler and more flexible than other DEXs.
Some market red flags:
- Trading volume on excha... continued on our Telegram channel🐹
#BTC #ETH #crypto2023
