so many things happening on solana right now
- random dApps sub5m market cap doing millions in revenue on chain
-
@perps venues going live every day with their own liquidity and innovation
- HYPE and most traded coins are doing more volume on Solana than on any CEX including Binance
- memecoins coming back with
@blknoiz06 doing his magic
-
@JupiterExchange and others have 0% fee neobanks with simple setups to spend your crypto
so let me get this straight
@solana is:
- the largest spot trading venue
- second largest perp trading venue with volume skyrocketing each day and on the way to do better than
@HyperliquidX
- the best place to launch memes
- best place to offramp your crypto to fiat and spend with ease
- best place to launch dApp even in the worst bear market days and print millions in revenue
- doing more than Ondo with RWA onboarding
-
@toly and the Foundation being actively engaging with people willing to startup their projects on Solana is very undervalued
- and the branding is second-to-none, which matters when you want to scale to billions of users
and yet institutions or retail investors, or KOLs, think hyperliquid:native has a use case and should go up even in the bear market, while solana:So11111111111111111111111111111111111111112 the everything chain that has everything that HYPE has but with more users, more volume, more active devs, and so much more use cases, should go down? like right before the SIMD-0550 dysinflation update?
it was trading at $300 just few months ago
it is trading at $65 at the most oversold levels, touched worse than FTX on daily, following that event SOL did 37x ($8->$300)
I don't care if stocks goes down and AI bubble bursts, I don't care if HYPE starts to go down, why? because they are all overvalued right now, and I would NOT be frightened if the market corrects itself
on the other hand solana:So11111111111111111111111111111111111111112 is extremely undervalued vs all of those assets, and undervalued vs other majors such as BNB and ETH, and will reach quantum-resistence/quantum-proof levels much earlier than BTC or any of the other majors, I can bet on that
I value the product based on how much I and others use it, at what speed it is being progressing, and by onchain metrics, I do not care which coin was made first, I do not care which has the most history, I use Apple because it gives me the best experience and people that I like use Apple, I do not use Samsung just because it has better image quality, the experience is horrible
how I got rich in life? betting on undervalued assets at the worst red days, where it took BALLS to go ALL IN, when everyone was rushing to sell it to people like me for almost no money, just enough money for them to survive few months while they figure out what to do in life, and I don't mean to shittalk about anyone, I have been there, have made stupid decisions myself, have sold during fear, have missed opportunities, but that gave me experience and brought a lot of fortune my way
this is why I don't go and trust blindly what
@CryptoHayes or
@blknoiz06 or any other successful individual tells me, because they tweet and trade in a PvP environment, and have no reason to give you all the right information, otherwise they will have no edge in PvP env to make money, even though I respect their hussle and how well they've done in life, and I am no judge to their wrong or rightdoings
this is why I have been vocal about our huge solana:So11111111111111111111111111111111111111112 investment or a "bet" if you want to call it that way
the price of Solana is $65 right now, we have average buy of $65.05, with around ~$22.7M deployed in spot and leverage combined, and we are ready to eat any dips that market gives us, because we are buying dollars for 2.5 cents
we are only positioned in solana:So11111111111111111111111111111111111111112 and solana:7HgfXftRBBqsYtAEYcqjGLQrNJLL6Tww9ek4rE3Apump (super low cap, DYOR)
this is not a financial advice, this is me sharing how the money is made, in my opinion.