The thing is any L2 could’ve replicated what Hyperliquid did, build one decent app that people want to use and distribute tokens to users. But no, they would rather angel invest and keep those tokens also to themselves, expecting the rest to be their exit liquidity..
It’s been a very good trading month for me. Did 10x on my trading account. Ideally I wait for the next opportunity like this to make another 10x. But no. I will trade chop to lose half of it.
$ETH is up against $BTC on the day it made a new ATH. Yes, this cycle it underperformed badly so far but your investment should be based on the projected future performance.
People think this cycle is different but it’s the same story on different time horizons. The reason ETH and ALTS didn’t perform well is because BTC hasn’t topped yet. More patience is needed..