Great stuff. Thanks for that. Some thoughts I wanted to share:
1. I was surprised you did not mention long $YETI considering that it is an index of most of your recommendations.
2. What do you mean by 'THE MOST OVER-WEIGHTED VALUATION METRIC IS FULLY-DILUTED VALUE (FDV)' - are you saying one should not read too much into it? A lot of the projects have just 10% in circulation which will hit hodlers hard when circulating supply rapidly increases?
3. You could have mentioned Long $POLS considering that it is the uniswap of the DOT ecosystem and all their IDOs?
4. I do wonder if we will have the bull run of 2017 in 2021, considering that most of the Defi projects are outside the reach of retail investors (either because they are not on Binance, or due to high gas fees). Uniswap L2 cannot come sooner imo...
Cheers. Great point on 2 - need to do better DD than just dismiss it.
Also, 1inch should be on the radar if UNI is, considering it is an aggregator that will smooth out uniswap's inefficiencies. I dont have time/resources to do LM but I am glad they rewarded those who traded on 1inch.
Great stuff. Thanks for that. Some thoughts I wanted to share:
1. I was surprised you did not mention long $YETI considering that it is an index of most of your recommendations.
2. What do you mean by 'THE MOST OVER-WEIGHTED VALUATION METRIC IS FULLY-DILUTED VALUE (FDV)' - are you saying one should not read too much into it? A lot of the projects have just 10% in circulation which will hit hodlers hard when circulating supply rapidly increases?
3. You could have mentioned Long $POLS considering that it is the uniswap of the DOT ecosystem and all their IDOs?
4. I do wonder if we will have the bull run of 2017 in 2021, considering that most of the Defi projects are outside the reach of retail investors (either because they are not on Binance, or due to high gas fees). Uniswap L2 cannot come sooner imo...
All the best.
Thanks, PS.
1. $YETI is an amazing option for less active traders.
2. Yes. I think people often see a high FDV and ignore a compelling buy. The incentives and release schedule must be considered.
3. I like $POLS. I think it's early, though. Will know more in a few months.
4. Uni L2 will be a gamechanger.
Best to you as well
Cheers. Great point on 2 - need to do better DD than just dismiss it.
Also, 1inch should be on the radar if UNI is, considering it is an aggregator that will smooth out uniswap's inefficiencies. I dont have time/resources to do LM but I am glad they rewarded those who traded on 1inch.