From last October to this November, OM has risen by 266 times. So, when it was said that the bull market began last October, it was indeed a great opportunity. But at that time, I did not understand OM! This round of MEME has been unprecedentedly crazy, mainly benefiting from the liquidity building in the early stages of DEFI and the development of various DEX infrastructures. In 2020, we old-timers were overshadowed by the newcomers in the crypto space! The old crypto circle talked only about Bitcoin, Ethereum, BCH, and Litecoin! The newcomers talked about DEFI, lending, and liquidity pools! At that time, many public accounts were focused on analyzing Bitcoin, Ethereum, BCH, and Litecoin. The newcomers were busy with staking, sniping new tokens, and having a great time. The old crypto circle genuinely couldn't understand why the newcomers were so interested in vaporware. The newcomers thought the old crypto circle was just holding onto a pile of worthless antiques, like the remnants of the Qing Dynasty with no power! There was mutual disdain and a lack of understanding! In 2020, it was the prelude to the crypto market's soaring! Later, the old crypto circle disappeared because they failed to hold onto their Bitcoin and Ethereum! The newcomers also disappeared because most of the vaporware crashed! The mutual disdain was justified! In 2021, everything could be NFT, largely because DEFI laid the groundwork for the liquidity of crypto assets. Ultimately, NFTs are just the on-chain version of JPGs; don't even mention collecting, it's akin to the postal currency scams that were rampant back in the day! Of course, NFTs have a future! But if you want to make money quickly and catch the trends, you need to accept new things quickly! Thus, the lesson learned by the old crypto circle was to promote new rather than old! This led to many slogans during the heated moments of this bull market! As we all know, this slogan has caused considerable harm in this bull market! New coins were overvalued, and applications were not grounded! When Bitcoin corrected, new coins plummeted by 90%! You see, the old crypto circles barely managed to cut their losses, yet they still ended up as fake foreign devils! It would have been better to hold onto Bitcoin, which has also brought in substantial earnings over the past few years! From a cyclical perspective, Bitcoin's bear markets are opportunities; in the long term, Bitcoin's bear markets are negligible, while its growth potential is an unknown! From an industry perspective, apart from Bitcoin, different stages of the industry can indeed bring numerous opportunities, such as technological innovations, issuance methods, traffic dividends, policy changes, and so on! You often hear some people use the term 'zero' to educate newcomers; some fear MEME, while others love it. Just like I discovered in the last bull market, MEME is actually not scary; what's scary is not recognizing the developmental forms of MEME coins! New industry developments are not all scams; they are merely a new scenario for assets! That being said, OM (MANTRA) is part of the RWA sector. In April, we spent a lot of time discussing RWA. We believe that DEFI and RWA will become extremely important due to favorable policies and the development of ETFs! We spent almost the entire April talking about RWA! Looking back now, our judgment at that time was correct! Different stages of the industry present different opportunities! In 2020, Grayscale was one of the first institutions on Wall Street to enter the secondary crypto market; they were staking their claims in the new territory and creating significant profits. Thus, the Wall Street sharks, smelling blood, emerged in this round! Grayscale also selected some cryptocurrencies they believed had potential; let's take a look:
The DeFi track has a total of 7 cryptocurrencies, which are: Jupiter (JUP), Ondo Finance (ONDO), Ethena (ENA), Core (CORE), THORChain (RUNE), Aerodrome (AERO), Pendle (PENDLE);
The underlying infrastructure track has a total of 6 cryptocurrencies, which are: Celestia (TIA), Pyth Network (PYTH), Cosmos (ATOM), Akash (AKT), UMA Project (UMA), Neon (NEON);
The Layer 1 track has a total of 9 cryptocurrencies, which are: Toncoin (TON), TRON (TRX), Aptos (APT), Aptos (APT), Injective Protocol (INJ), Internet Computer (ICP), Kaspa (KAS), VeChain (VET), Mantra (OM), Celo (CELO);
The Layer 2 track has a total of 8 cryptocurrencies, which are: Optimism (OP), Arbitrum (ARB), Sei (SEI), Starknet (STRK), Polygon (POL, formerly MATIC), Mantle (MNT), Immutable (IMX), Metis (METIS);
The DePIN track has a total of 2 cryptocurrencies, which are: Arweave (AR), Helium (HNT);
The AI+ track has a total of 2 cryptocurrencies, which are: Fetch.ai (FET), Worldcoin (WLD);
The Meme track has a total of 1 cryptocurrency: Dogecoin (DOGE).
Of course, I have my own opinions on each token. We won't discuss that here; we will create a dedicated topic later!
What do I want to say?
This market is indeed full of opportunities, and for ordinary people, it is challenging to gain a comprehensive and profound understanding!
Investing is not just about picking a coin and calling it a day. Money earned by luck can also be lost by skill.
If you want to gain substantial returns in the market, you still need to have some understanding of the market fundamentals. Familiarity with the market is like knowing how vast and deep the ocean is, and what dangers lie within. You also need to know how big your ship is and how much wind and waves you can endure before deciding where to sail.
Although there is a saying: the port is the safest, but the purpose of building a ship is to sail.
I want to say: investment is not about gambling; you must know your margin of safety and capability boundaries. As Munger said: If I knew where I would die, I would never go there!
Alright, just writing casually today!
We will gradually discuss in more detail later!
(For opinion sharing only, not investment advice)
