Cabal vs cabal vs cabal

You can choose to just ignore this Broccoli shitshow because you probably have zero edge trading this
(Neither do I)

I have almost finished the writing of my article about (Micro-Strategy.

The goal is mostly to address the common misconceptions on that topic :

- Why the BTC cost basis of Saylor is completely irrelevant

- Why Saylor does not have a liquidation price and is very very unlikely to blow up

- Why it's irrelevant that he 'buys the top' each week

- Why it's very rational that MSTR trades at a significant premium to its BTC holdings

It took 30 days for ZEREBRO to go from $800M mcap to $70M.

It took 14 hours for $CAR to do the same.

The absolute state of the market

Monthly recap of crypto narratives : https://cryptonarratives.substack.com/p/august-recap-narratives-best-performers

A large part of the supply was controlled by insiders

Which is great on the way up as long as they are diamond handing

That's sort of what enabled $BRETT to reach $2bn MC while having a significantly smaller mindshare than the other memecoins that went as high (PEPE, BONK, WIF, FLOKI)

But then when the insiders decide to sell, you're screwed, that's what happened with $NEIRO

60d performance of the largest VC coins : $ZRO : +8.4% $SUI : -0.8% $APT : -3.8% $SEI : -13% $OP : -18% $TIA : -22% $ARB : -34% $ZK : -41% $W : -41% $STRK : -45% $ONDO : -46% $ENA : -53% ETH beta coins and L2s hit bad L1s outperforming ZRO strongest bid

Buying less than one-week-old memecoins puts you at huge risk of seeing them go to almost zero in a few days, but they also have a chance of 2x-5x'ing in the same timeframe

Whereas if you buy a few months old memecoin that is down bad from ATH but consolidating, the chance that it 3x's in a few days is close to zero but the chance that it dies is zero too.

And if you extend your timeframe, the r/r might be way more skewed in your favor with these older coins as long as you notice that there is still "life", a community, a good meme, etc.

60d performance of the largest VC coins :

$ZRO : +8.4%
$SUI : -0.8%
$APT : -3.8%
$SEI : -13%
$OP : -18%
$TIA : -22%
$ARB : -34%
$ZK : -41%
$W : -41%
$STRK : -45%
$ONDO : -46%
$ENA : -53%

ETH beta coins and L2s hit bad
L1s outperforming
ZRO strongest bid

Some top market caps that were reached during last cycle :

$DOT : $50bn
$ICP : $50bn
$VET : $16bn
$THETA : $13bn
$FIL : $11bn
$KLAY : $10bn
$EGLD : $9bn
$HBAR : $7bn
$APE : $7bn