Currently long on $INIT

I'm long because it's finally hit it's bottom at his point and it's upwards from here.

Why I like $INIT

#Initia is a modular blockchain that integrates a L1 chain with a system of customisable appchains, referred to as "Interwoven Rollups".

These rollups support various virtual machines such as EVM, MoveVM, WasmVM

Initia offers a high throughput of up to 10,000 transactions per second and a fast block time of 500ms per block, full stack customisability using the Cosmos SDK and MEV internalisation.

I'm also bullish a result of he low market cap of about $100m at his time and FDV of $600m because today, one could hardly find good layer 1 project still trading at below a billion market cap. So that's more room for growth.

The best strategy to trade Init is to buy and hold 90%-97% Spot position and to open between a 10%-3% long in Futures trading while applying risk management and avoiding over trading and revenge trading. Also don't forget to take profit effectively.

That's it for now. Happy trading and hope you have a profitable day today.

Cheers!