This ticket, $VELODROME , is one of the positions I have been relatively "patient" with recently.
I initially took a base position at 0.058, and then added more at 0.053 during that downward trend. At that time, the sentiment was quite low, liquidity was shrinking, and basically no one wanted to get involved, which instead gave me a comfortable entry range.
The story isn’t complicated; it’s the liquidity hub of the mainstream OP ecosystem. The protocol itself runs steadily, and the token economic model along with the voting incentives have a decent barrier on OP.
At that time, my assessment was simply two words — "can survive". If it can survive, there will be cyclical opportunities; when the market warms up, funds will come back looking for protocols with a foothold.
Looking at it now, the price increase isn’t accidental; it’s more about the chip structure and position bringing elasticity. As long as the trend hasn’t turned bad, I’ll let it grow slowly and won’t rush to adjust the position.