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Mo₿erg 'Mo' 𐤊
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moving nicely today, #USELESS position tripled in 2 days lol, but will probably need to cool down a bit.
$I consolidating for now, still going very much under the radar.
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Mo₿erg 'Mo' 𐤊
@Fibonaccious
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$AAVE is my leveraged bet on Ethereum outperformance. Buy backs and tokenomics improvements + stablecoin narrative should make it continue to do well.
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There will be people writing this at 1 million USD per $BTC, just like there were plenty at 50k. Problem is not having an abundance mindset - plenty of opportunities in crypto for the eager and the determined.
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Gib 150m MC $REI
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#FARTCOIN getting listed on coinbase is the biggest catalyst for it to go parabolic. Most normies don't think in terms of utility. They see price up = ape. Not always necessary to think to deeply about coins and coinbase provides the biggest onramp for them.
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I think the assumption that lower root staking APY on $TAO will incentivize people to move to dTAO is flawed. Those with the risk profile to move have already done so. Taking away root APY will likely cause the majority of people to just sit on their $TAO. The APY is nice-to have, but the primary reason people hold $TAO is to speculate on its price, not to get staking APY. Moreover, I think there's too much rush to reduce root APY, mostly by people who are down on their subnet investments. Eventually everything will sort itself, but there's too much impatience. I personally am looking forward to see which subnets will differentiate themselves from the vaporware and provide a strong enough value proposition to compete with $TAO price action wise. This will come gradually, not immediately.
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