Daniel McEvoy💰💎

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lit on fire rn

btc bottom probs in

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+75% from entry for $LIT

https://x.com/ashwathbk/status/2070016222528499866?s=20 really good summary of why hype rallies from buybacks and pump doesn't

tough wall to break $BTC

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alpha drop on how to analyse l1's (story driven) vs on-chain businesses (fundamentals driven)

the more a token looks like a business, the more investors start valuing it like a business. the more it looks like a monetary/network asset, the more it can trade on belief, mindshare, narrative, and terminal optionality

unfortunately depin and these other real usecases can't see the same occur without making a ton of money

l1's/memes are this weird niche in crypto where they can garner a lot of mindshare in crypto (fake success) and pump 100x, achieve nothing valid but make a bunch of early investors rich

depin is super interesting and is one of the only valid usecases of tokens ive seen, but this sector is super lame because the tokens will only go up if team executes significantly

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