Fully in line with the below post on $net:
-downside feels very limited with price around NAV and the treasury buying back and burning tokens whenever price falls below it. Whole of RH chain has been a bloodbath in the past weeks when net has barely even moved.
-team (led by a world class dev - built NBA topshot) is shipping new defi products non stop, and if one of them sticks the premium comes back fast
-$NET feels like the "star" protocol (think its one of the only projects that received follows from key RH people) of RH and its PA reflects sentiment around the chain. If RH recovers, I'm betting this is one of the fastest horses
Je ne vais pas y aller par quatre chemins: pour moi, le robinhood:0xca9c78dd337a67f6e0077f65f5e9218719d30edf est probablement le meilleur risk/reward du marché à l'heure actuelle et j'ai donc décidé d'en racheter massivement ces derniers jours
Pourquoi?
Tout simplement parce qu'il ne peut pas aller plus bas que son prix actuel (sauf hack/exploit) étant donné qu'il est backé par une ÉNORME trésorerie
Ces derniers jours nous l'ont bien montré: l'intégralité du marché a vacillé, mais pas le NET, qui est resté autour de 160 $ contre vents et marées
Et c'est parfaitement normal, car il est possible de burn 1 NET en échange de 160 $ via leur "buyback program" et, depuis 10 jours, ce sont plus de 9100 NET qui ont été burn de la sorte (avec une supply qui a donc fortement diminuée)
J'avais peur que le prix de rachat par NET s'effondre avec tous ces burns et quand j'ai vu que ce n'était absolument pas le cas, j'ai décidé de swap une bonne partie de mes stables sur RH en NET
Au pire? Le token ne pump pas et je pourrai décider de sortir quand je veux via la trésorerie, à mon prix d'entrée, sans (quasi) aucun risque que mon bag dump
Au mieux? Un des innombrables produits que cette team goated a déjà sortis, est en train de sortir (comme Net Forge ci-dessous) ou sortira à l'avenir:
• Finira par avoir de la traction
• Générera une tonne de fees pour la trésorerie
• Ce qui enverra le NET (à nouveau) sur la lune
La dernière fois que j'ai acheté du NET et que j'ai été bullish non-stop publiquement, avec des centaines de messages sur @TheDiggersDAO, c'était quand on était à 800k$ de FDV et, derrière, on a run jusqu'à 120M$ de FDV (x150)
Cette fois, je n'en demande pas autant, je veux simplement avoir:
1. Le beurre (= un bag qui ne peut pas dip)
2. L'argent du beurre (= un bag qui peut exploser à la hausse)
3. Et le cul de la NETière (= augmenter mon expo au projet le plus passionnant, mais aussi le plus clivant de ce cycle)
Stuck in the same loop, making the exact same mistakes over and over, despite telling myself every time I'd never make them again. Still thinking like a dreamer when onchain hasn't rewarded dreamers in a while, so why would this time have been any different?
No other space can make you feel on top of the world and like utter shit in such a short time. The market gives fast and takes back even faster.
Like @real_y22 always says, your net worth will always regress to the level of your process. Mine clearly still has huge gaps that keep me from getting to the next level.
May I win again. In the meantime, touching grass and licking wounds
Good to see that protocol is working as intended and $net price is hovering around NAV since a while, while all other RH coins are digging always further into the ground.
If we get a round 2 on RH I’m pretty confident that this will send hard
(🥅.🥅)
If RH goes for round 2 then $net is probably gonna be one of the fastest horses.
With a 25m treasury, they are one of the largest holders of tokenized equities onchain, and price seems to be finding a bottom around NAV.
Currently my biggest bag, all staked. PA has been very reflexive of the sentiment about the chain, in both directions, and I don’t think RH is done just yet.
(🥅.🥅)
Feels like capitulation onchain, or at least close to it
(Famous last words before my pf takes another 50% dump)
If RH goes for round 2 then $net is probably gonna be one of the fastest horses.
With a 25m treasury, they are one of the largest holders of tokenized equities onchain, and price seems to be finding a bottom around NAV.
Currently my biggest bag, all staked. PA has been very reflexive of the sentiment about the chain, in both directions, and I don’t think RH is done just yet.
(🥅.🥅)
Market is absolute dogshit but that’s when asymetric bets begin to appear.
I think @GrailCo operates at the intersection of many cycles defining narratives: RWAs, collectibles and stock pairing.
With current total capitalization of the eco around 3m, and A tier backing/ incubation (@1confirmation-early investors in eth, opensea, dydx, and many more), I think downside risk is quite limited whereas upside could be explosive.
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People used to pray for dips on good coins which would lead to multiple explosive legs, and nowadays after 3 daily red candles everyone is pissing their pants and selling in cascade, sending charts to the ground.
How about you sack tf up and buy some good discounted coins instead of feeding the new pairs rapists which are flexing 1000 sol PNLs on 400k toppers?
Im overexposed to the long ecosystem but weirdly enough, kind of chilling and sleeping comfy even though my positions have been severely bleeding recently
I still believe stock paired coins is one of the most meaningful narrative we’ve ever had onchain:
-tokenized stocks is one of the biggest potential growth drivers for the different chains so they have all incentives to push it, and meme stocks is kind of a Trojan horse for that
-great memetics and potential to receive attention from tradfi (as we’ve seen with ceo interactions on few of those coins already)
-less execution risk than most metas we’ve seen, so better staying power. It’s just memes paired with stocks and it makes sense for each big stock to have one leading meme
-totally new primitive that can affect litteraly any new launch in the future. It has become a new key building block on most launchpads
Only time will tell if im being smart or if its just boiling frog syndrome
That being said
Bottom?