521012
Mayur Pujara
@mayurpujara #521012
"Crypto cunning, geopolitical foresight, chess mastery – my strategy echoes in markets, politics, and on the board."
248 Follower 456 Following
Trump has a massive lead in the betting market just three weeks before the election. Market has shown strength due to this lead in odds recently.
Kamala Harris has also shown some support to crypto. She made a statement where she said her party will make sure that USA keeps a lead in the digital assets industry. Crypto receiving bi-partisan support is the best thing which can happen to our industry.
Trump doing ICO of Liberty financial just before election is a bit of stunt whose impact on elections is hard to gauge. I believe price action will be highly dependent on election going forward.
Kamala Harris has also shown some support to crypto. She made a statement where she said her party will make sure that USA keeps a lead in the digital assets industry. Crypto receiving bi-partisan support is the best thing which can happen to our industry.
Trump doing ICO of Liberty financial just before election is a bit of stunt whose impact on elections is hard to gauge. I believe price action will be highly dependent on election going forward.
Do you think $BTC will hit 75k before month end?
You can trade on your opinion on Swaye ⏬
https://swaye.co/markets/670e7fccdc1e588cc1106a92?option=0
You can trade on your opinion on Swaye ⏬
https://swaye.co/markets/670e7fccdc1e588cc1106a92?option=0
App L2 is the best use case of L2 structure according to me. We have enough general purpose L2’s which can invest in tech and infrastructure of how L2’s will function.
We already have cheap transactions and direction transaction cost is in right direction. We now require apps to build their own L2 which can reduce fragmentation across chain and internalisation of MEV will reduce transaction cost for users and provide value to token holders.
I am highly supportive of Unichain and I hope other big projects also follow this direction.
AAVE is the next project which can make its own L2.
We already have cheap transactions and direction transaction cost is in right direction. We now require apps to build their own L2 which can reduce fragmentation across chain and internalisation of MEV will reduce transaction cost for users and provide value to token holders.
I am highly supportive of Unichain and I hope other big projects also follow this direction.
AAVE is the next project which can make its own L2.
Solana is approaching 160-165 levels for the fourth time. If market is able to go past this level then 185-195 levels will be the next target.
Overall crypto market is strong with $SUI being the next darling token for now. The current market strength increases possibility of the breakout. Current price has no new entry in $SOL. If Solana breaks past 160 then new entry is possible with target of $190 levels.
Market can keep having new favourites every few week but Solana will remain dominant large cap of this cycle. Instead of chasing new shiny tokens keep money in $SOL for assured gains.
Overall crypto market is strong with $SUI being the next darling token for now. The current market strength increases possibility of the breakout. Current price has no new entry in $SOL. If Solana breaks past 160 then new entry is possible with target of $190 levels.
Market can keep having new favourites every few week but Solana will remain dominant large cap of this cycle. Instead of chasing new shiny tokens keep money in $SOL for assured gains.
Meme of the day - ANTONOY >>>>>
UPTOBER IS COMING.
Market just went below 60k to quickly recover. $BTC also tested 50% Fibonacci retracement levels. All leveraged stops near 60k were taken out.
You know it’s time to fly when leverage is out of the system. Market is going towards 8th test of resistance. $BTC has been in a range for so long that now breakout is going to be massive. This price action is aligning with Bitcoins seasonality of strong year end price action.
We are really living in a simulation.
-CZ out of Jail
-UPTOBER IS HERE
- 8th test of the resistance
- US election is here
Stars 🌟 have aligned. Be ready.
Market just went below 60k to quickly recover. $BTC also tested 50% Fibonacci retracement levels. All leveraged stops near 60k were taken out.
You know it’s time to fly when leverage is out of the system. Market is going towards 8th test of resistance. $BTC has been in a range for so long that now breakout is going to be massive. This price action is aligning with Bitcoins seasonality of strong year end price action.
We are really living in a simulation.
-CZ out of Jail
-UPTOBER IS HERE
- 8th test of the resistance
- US election is here
Stars 🌟 have aligned. Be ready.
Market is finally headed towards real use case of a L2 structure. I love the fact that market is guided by Uniswap.
An app focused L2. If anyone tells you this is bearish for ETH price, then run away from them.
ETH requires minimal fragmentation, quick confirmations & low cost to scale. All of these features are provided by Unichain. This experience will be game changer and make Ethereum ready for mass scale.
In long term all fees are anyway going towards zero. Internalisation of MEV is not a loss, we are giving away small profits for the large scale.
#UNICHAIN #DEFI #UNISWAP #BTC #CRYPTO
An app focused L2. If anyone tells you this is bearish for ETH price, then run away from them.
ETH requires minimal fragmentation, quick confirmations & low cost to scale. All of these features are provided by Unichain. This experience will be game changer and make Ethereum ready for mass scale.
In long term all fees are anyway going towards zero. Internalisation of MEV is not a loss, we are giving away small profits for the large scale.
#UNICHAIN #DEFI #UNISWAP #BTC #CRYPTO
India has lost a diamond today.
“I don’t believe in taking right decisions. I take decisions and then make them right.” ~ Ratan Tata
Rest in peace.
“I don’t believe in taking right decisions. I take decisions and then make them right.” ~ Ratan Tata
Rest in peace.
Elon is special
Another example on why you should be a user and not a farmer.
Scroll farmers are getting 70M tokens for using the network for more than 1+ years while BNB stakers will receive 55M for staking BNB tokens for only 7 days.
Heavy supply of farmers is allowing projects to misuse their contribution. Most of the crypto projects may not have any activity if there was no expectations of an airdrop.
1 Billion in pre-market valuation means 70million worth of airdrop for 2.5M users. Average airdrop of only 28$ while users may have lost a-lot more in gas.
Don’t use for sake of farming.
#BeARealUser
Scroll farmers are getting 70M tokens for using the network for more than 1+ years while BNB stakers will receive 55M for staking BNB tokens for only 7 days.
Heavy supply of farmers is allowing projects to misuse their contribution. Most of the crypto projects may not have any activity if there was no expectations of an airdrop.
1 Billion in pre-market valuation means 70million worth of airdrop for 2.5M users. Average airdrop of only 28$ while users may have lost a-lot more in gas.
Don’t use for sake of farming.
#BeARealUser
I hope you can connect the dots.
Meme of the day
Market made a retracement after seventh test of the resistance line. Current low which is near 60k levels is a strong support level. I believe market is headed towards final test and breakout.
Recent support can be a stop loss and going long here is a good risk-reward entry. You can always add onto your position after breakout of the resistance zone. Always remember price action is the king. News and narratives follow the price action. In a strong bull run all bad news are ignored. We are entering the banana zone in crypto. Do not cut your profits soon. #Crypto #$BTC #BullMarket
Recent support can be a stop loss and going long here is a good risk-reward entry. You can always add onto your position after breakout of the resistance zone. Always remember price action is the king. News and narratives follow the price action. In a strong bull run all bad news are ignored. We are entering the banana zone in crypto. Do not cut your profits soon. #Crypto #$BTC #BullMarket
Traveling alone offers a unique sense of freedom and self-discovery. It allows you to set your own pace, follow your own interests, and make spontaneous decisions without needing to accommodate others. Solo travel can lead to personal growth, boosting confidence as you navigate new environments and meet people from different walks of life. It also provides an opportunity for reflection and a deeper connection with the places you visit. While it can feel daunting at first, the independence and experiences gained make it deeply rewarding.
Investing vs Trading
This is one of the picture which explains the fomo in the market participants who trade in markets.
Crypto has taken this situation to the extreme by creating memecoins where people just want to be in, before coin rises & sell before others who hold bigger bags starts selling. An asset which has fundamental bases can also go down when big bag holders sell but there is a fundamental basis for people to buy when prices is attractive but in meme coins there is no bases to purchase a falling asset.
It’s a pump & dump scheme. We will gain respect from an average person when this madness stops.
Crypto has taken this situation to the extreme by creating memecoins where people just want to be in, before coin rises & sell before others who hold bigger bags starts selling. An asset which has fundamental bases can also go down when big bag holders sell but there is a fundamental basis for people to buy when prices is attractive but in meme coins there is no bases to purchase a falling asset.
It’s a pump & dump scheme. We will gain respect from an average person when this madness stops.
I must say we mentioned in this post that if we are directly going towards resistance there is a fair chance for a retracement.
Iran has announced they will attack Israel, last time when Iran attacked they could not do much damage to Israel infrastructure due to strong defence capabilities of Israel and distance between Iran & Israel. I believe history will repeat & market has fair chance of bouncing back once event has happened.
Next time we go towards the resistance it is going to be epic. Mark my words on this, breakout from here is going to be massive.
Remember your plan & stick to it.
Iran has announced they will attack Israel, last time when Iran attacked they could not do much damage to Israel infrastructure due to strong defence capabilities of Israel and distance between Iran & Israel. I believe history will repeat & market has fair chance of bouncing back once event has happened.
Next time we go towards the resistance it is going to be epic. Mark my words on this, breakout from here is going to be massive.
Remember your plan & stick to it.
Owner-operators vastly outperform
A study by Shulman showed that businesses that were founder-led outpaced the index by 7% annually.
Skin in the game creates an alignment with the management & shareholders.
Examples: LVMH & Berkshire
This theory applies in crypto as well. Vitalik is a genius mind but leaving Ethereum early for others to build is a bad decision. Top builder can stop ecosystem from going into useless ventures like meme coins.
Solana ecosystem is led by selected leaders and Anatoly calls the shots. This is clear distinction for success of Solana ecosystem in the recent past.
A study by Shulman showed that businesses that were founder-led outpaced the index by 7% annually.
Skin in the game creates an alignment with the management & shareholders.
Examples: LVMH & Berkshire
This theory applies in crypto as well. Vitalik is a genius mind but leaving Ethereum early for others to build is a bad decision. Top builder can stop ecosystem from going into useless ventures like meme coins.
Solana ecosystem is led by selected leaders and Anatoly calls the shots. This is clear distinction for success of Solana ecosystem in the recent past.
Touch grass and stay away from they/them.
Farcaster raised $150 million in last quarter at $1 billion valuation. While FDV of Phaver is <$80 million. Daily active users on Farcaster are approximately 75k while daily active users of Phaver are approximately 40k.
The valuation gap between these two companies is massive considering target audience is same & both have a-lot of common users.
Valuation premium on Farcaster are due to apps and communities built on Farcaster which is missing on Phaver, but I believe this premium is significant and Phaver can catch up since both projects are still in very early stage.
Are you buying? #HODL
The valuation gap between these two companies is massive considering target audience is same & both have a-lot of common users.
Valuation premium on Farcaster are due to apps and communities built on Farcaster which is missing on Phaver, but I believe this premium is significant and Phaver can catch up since both projects are still in very early stage.
Are you buying? #HODL
$BTC is going towards testing the resistance 7th time. Price action has formed a flag and pole type structure which is bullish is nature. Market usually tend to break between 4-6 tests so 7th test is already a stretch, but since market is going straight towards resistance from lows there is a chance market may retrace slightly before breaking out.
If market breaks above trendline resistance then all time highs will be next target of the resistance. Rising gas prices on ETH mainnet is a positive sign.
Seasonally 4th quarter is bullish. Stars have aligned. I am ready for the bulls. Are you?
If market breaks above trendline resistance then all time highs will be next target of the resistance. Rising gas prices on ETH mainnet is a positive sign.
Seasonally 4th quarter is bullish. Stars have aligned. I am ready for the bulls. Are you?
I am travelling and here few words for a one of the most beautiful city I have seen.
"Lucerne is where the beauty of nature meets the grace of history, a city where every corner feels like a painting, and every reflection on the lake tells a story of timeless charm."
Lucerne is a picturesque Swiss city nestled by a pristine lake, surrounded by mountains. Its vibrant, colorful buildings, historic architecture, and serene waters reflect a harmonious blend of nature and culture, making it a visual delight.
"Lucerne is where the beauty of nature meets the grace of history, a city where every corner feels like a painting, and every reflection on the lake tells a story of timeless charm."
Lucerne is a picturesque Swiss city nestled by a pristine lake, surrounded by mountains. Its vibrant, colorful buildings, historic architecture, and serene waters reflect a harmonious blend of nature and culture, making it a visual delight.
Today SEC has hearing in congress and politicians are pointing out Gary Gensler’s mistakes on Crypto regulation.
Multiple right leaning senate representatives have also written a letter to allow banks to custody Bitcoin.
US senators have also requested clear regulations for stabelcoins by year end.
Kamala Harris yesterday made a statement saying she will make sure to have policy which fosters technology sector like AI & Crypto.
Slowly but surely we will move towards path of regulatory clarity. High push by politicians is great. Market likes clarity. Kudos for bullish developments.
Multiple right leaning senate representatives have also written a letter to allow banks to custody Bitcoin.
US senators have also requested clear regulations for stabelcoins by year end.
Kamala Harris yesterday made a statement saying she will make sure to have policy which fosters technology sector like AI & Crypto.
Slowly but surely we will move towards path of regulatory clarity. High push by politicians is great. Market likes clarity. Kudos for bullish developments.
Meme of the day
NOTE ON CRYPTO SOCIAL MEDIA
Attention on crypto social media is calculated differently on different platforms.
DeBank does addition of all defi positions + tokens position to decide net worth and provide higher reach to users with higher net worth.
Phaver uses NFT’s a reach mechanism. Phaver has partnered with multiple blue chip NFT’s from various chains and holder of these NFT’s get higher reach. Higher valued and more the number of NFT held by wallet gets higher reach.
DSCVR and Farcaster uses traditional factors like number of followers & previous post interactions as reach mechanism.
Attention on crypto social media is calculated differently on different platforms.
DeBank does addition of all defi positions + tokens position to decide net worth and provide higher reach to users with higher net worth.
Phaver uses NFT’s a reach mechanism. Phaver has partnered with multiple blue chip NFT’s from various chains and holder of these NFT’s get higher reach. Higher valued and more the number of NFT held by wallet gets higher reach.
DSCVR and Farcaster uses traditional factors like number of followers & previous post interactions as reach mechanism.