| Doctor Dre |
11-07-2021 08:25 PM |
I think I'm shadowbanned. Wrote a long answer.
$rune and $luna are my two biggest bags, I think they're both going to run up.
$rune is Thorchain, it's a multichain layer 1 decentralized exchange. It's probably the most complex problem to solve in crypto. They got hacked so price is suppressed. They've had two full audits, hired a fulltime security team and now have an industry leading bug bounty. Very unlikely something serious happens again.
$luna is the Terra ecosystem. It's the leading decentralized algorithmic stablecoin. As governments come into crypto more censorship will happen. $usdt censored 39 transactions for israel agaisn't palestinians. As long as the money is in a bank account govs have all the powers. $ust is fully decentralized and it holds it's peg. Right now it's only 3bn$ in circulation vs 80 for $usdt and like 30 for $usdc. It might takeover both in the next year.
$gmx is a decentralized perp trading platform. It's been growing 20% a week, is now a top 10 DEFI protocol in earnings and it's totally unknown from the masses. dYdX was the big winner when china banned bitcoin. Chinese people didn't sell, the money moved to DEFI. $gmx is a serious contender, and it's trading at 3.5x earnings right now wich is just insane. Once they get listings on exchanges it's revenue multiple should get back to normal. It's very unervalued. However liquidity in this kind of project might not be sticky if someone comes out with something better.
Also have :
$thor (don't buy until tomorrow afternoon, lots of vesting unlock tomorrow AM).
$kda (ran up a lot already)
$tribe (another governance token of algo stables, they will buy back 50% of their marketcap with protocol owned liquidity in the next year on a monthly basis... pretty insane).
Got other bags but my biggest are rune and luna by far.
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