Pay attention to the second phase of the two sols:
$rico: There isn't much to say about this narrative; it's currently at a price cost level, having been bought all the way from 5m, breaking through the sideways trend, and after buying, the rest depends on Old Horse;
$loud: 1.2m build-up cost, there might be a rebound followed by a drop and then enter a long-term sideways trend, or it could go up directly, but I just feel that the risk-reward ratio at this position is pretty good.
The trip to Beijing has come to an end. The mystique of achieving new highs (and then waterfalls) after arriving in Beijing is still in effect. The plan is to avoid traveling to Beijing for the next 1-2 months, but if there’s a severe drop, I might make a same-day round trip. This trip to Beijing clearly felt very different:
1. During gatherings, people almost no longer discuss new narratives or what new projects can surge; instead, the conversations focus more on the global economic situation and the China-U.S. trade war. Last night at dinner, @Vito_168 and @0xsexybanana had nearly 20 minutes of macro discussions that everyone was silently listening to. Additionally, everyone's investment portfolios have expanded from crypto assets to Hong Kong stocks, U.S. stocks, various IPOs, and even some volatility tools;
2. @shuaibaobaommd and I ultimately decided to restart equity investments in consumer sectors, stemming from our belief that the success of Pop Mart can be replicated. Betting on the seed players of the post-00s generation is akin to betting on Pop Mart ten years from now, and our advantage is quite clear—we both have our own funds, so there's no fundraising pressure;
3. RWA remains the core focus of this business trip; one can only say that demand is strong, but there aren't many companies capable of fulfilling that demand. It’s a pure blue ocean, proving that the direction of entrepreneurship is completely correct;
4. Last night while drinking with @TC8880, @hsingxxx, and @0xsexybanana, we talked about something I’ve always wanted to discuss—the issue of generational transition in the KOL system. I won’t elaborate on the details, but my only conclusion is to accelerate the rise of newcomers and welcome more post-00s to Shenzhen, where the chairman supports the young people;
5. The strategies on-chain have been further streamlined, and time and energy should be devoted to more valuable matters. Following one’s inner choice allows money to become a weapon for creating a high life. After getting on the BNB chain’s yin-yang scheme, let the operators do their work; if there’s leisure, do a bit of nurturing; for new things on Sol, if something interesting appears, place some chips, aiming for over 50 times returns, even if it goes back to zero, one must acknowledge it; always remain optimistic about projects supported by profits, as these are the future of the crypto space.
Another trading master has chosen to exit and retire
At the same time, @believeapp, which was once criticized for helping web2 to harvest profits from web3, has returned to 0.23
These two events together indicate one thing:
A version switch is happening, and new incoming funds are choosing narratives that they understand and find more stable—what you do, how well you do it, what your profits are, and what actual value you have—rather than just hot air
And all of this stems from a very simple reason:
From a personal perspective, it is very easy to explain @believeapp's actual value to friends outside the circle—decentralized YC, helping traditional entrepreneurs with funding and profit distribution
They will understand it very clearly and will try to buy a little bit, while on the contrary, when I mentioned white cloth to them before, I was met with strange looks—how does changing an avatar make it worth 300m
In summary, new investors are no longer picking up the mainstream narratives from the past on the chain; this idea may sound familiar, just like when the younger generation chose not to take over VC coins, and now it’s the turn of new funds from outside the circle not to pick up the hot air created by the insiders
So in this round, besides @believeapp, the other projects I like are @Xdream_me and @thegodofwealth_. I believe that web2 projects with profits entering web3 will ultimately be discovered for their value, even if the old investors in the circle do not recognize it; new investors who like to look at financial statements will find value; the latter is even more interesting. A few days ago, I asked them what they were doing, why the coin price was still flat, and their response was, we are making profits, currently daily TikTok earnings are xxxxx, and once our revenue is up, we will publish the financial report (liking does not mean making money; $launchcoin also took over a week to take off; this is just an example, not investment advice)
So the future of the crypto world is actually already very clear
The game rules of traditional financial markets will be superimposed on the crypto world
What was once seen as unimportant fundamentals will become the most crucial factors
Perhaps the feeling of the entire circle accelerating will become less frequent
But there will also be more projects that allow everyone not to have to keep staring at the market all the time
The next phase of the crypto world’s goal is probably to give birth to its own bubble mart, then migrate the global financial market on-chain, ultimately forming a unified financial market for humanity based on blockchain technology
Now the entire market has completely entered a strong fund rhythm, but different chains have appeared with different strategies:
1. Solana strong funds + new narrative/innovation, the most obvious target is this round of @believeapp. This project is essentially the leader in the RWA track within the equity subdivision field. This target is rarely mentioned in the Chinese-speaking regions, but foreigners still recognize it. The bottom has gradually risen in the past ten days, and the project's breakout effect in North America is still strong;
2. BNB Chain strong funds + strong relationships. BNB Chain is jokingly referred to as the state-owned enterprise chain because the entire ecological chain is well arranged. The whole chain includes Binance system KOL promotions + related account support + Binance Alpha + Binance contracts + Binance spot trading. Previously, it was said that the state-owned enterprise chain is an easy model because basically everyone can calculate the corresponding valuation for each step. Therefore, whether to invest only requires thinking about whether this project can reach the other side. If Binance Alpha goes up, then the on-chain FDV to 30 million is still a reasonable range. On this path, $BMP and $JANITOR are both strong competitors;
3. Ethereum strong funds + strong construction. Ethereum is currently the best battlefield for guiding funds. Construction KOLs can currently find some certainty on Ethereum. An Ethereum target does not need to land or rely on relationships; as long as there is capital support + topics + construction, it can reach opportunities of 30-50 million. Although there are difficulties in going up, most targets have the opportunity to enter around 4-6 million, such as the previous $ZEUS and the $SNIBBU I entered yesterday;
Among these three chains, personally, I prefer Solana the most. Making money is indeed not easy, but the thrill is very strong, and once captured, it leads to significant results. More importantly, for me, this stage is competing in the global market, and the sense of achievement after capturing big money is unmatched by other operations. From a profit-making perspective, BNB Chain has higher certainty, a paradise for insider kings. It may be difficult to achieve a hundredfold or even twentyfold, but the opportunity for five to ten times still exists. If Solana has the opportunity for a single coin to reach 0.5-1 million, then BNB Chain has many opportunities for a single coin to reach 0.1-0.2 million. I think Ethereum Chain is the friendliest for KOC and ordinary players, and the community atmosphere is quite good.
However, my current research focus has shifted to the next battlefield in the cryptocurrency space - Hong Kong and US stocks, which is also a new battlefield for many currently inactive top players.
After three days of vacation, I feel like I've wasted myself. It's either drinking or playing cards. I'm writing a bit to regain my state. Let's chat about sol:
https://t.co/g6IpmBCIta With a market cap of 5b for financing, the coins on a few platforms should perform well before the official launch of the coin. That's why today $launchcoin has risen.
The more obvious beneficiary should be the live streaming coin $Trenches. Currently, the dev seems to not be working hard, maybe they haven't collected enough chips yet.
In addition to the platform coin itself, the @believeapp system also firmly holds $yapper. The other lottery tickets worth mentioning are only $beu. @believeapp's ecosystem is brainwashing + incubator.
Finally, let's emphasize $ikun. I've bought a bunch, and I might buy more even if it drops. The reason is that I listened to Kun Kun's new song 'deadman' and also heard the live version from yesterday. I became a fan from being a passerby. In the domestic entertainment scene, there's only him; truly talented. The buying logic is the same as when I bought Bubble Mart last year — more people will like Kun Kun in the future, so I'm buying $ikun. (Theoretical source: 'Peter Lynch's Successful Investing')
https://t.co/g6IpmBCIta Remember to clear most of the sol positions before the official coin launch.
Tonight, I will drink to the point of bursting with all the freshmen, sophomores, and juniors at Shenzhen University, leaving only the seniors. I feel like I, this big 20, have no rivals in the crypto world.