bitcoin up 4%
i suddenly have forgotten all market events of the past 12 months
a new era of financial freedom awaits, the golden bullrun has arrived
Key takeaways from Singapore thus far:
- AI & crypto feels like the most exciting vertical
- VC appetite has cooled down
- ppl are tired of the overwhelming amount of side events
- sentiment around modularity and L2s is low
- ppl sleeping on big upcoming launches
VC altcoin private valuations vs their current FDV featuring:
$ZRO $SUI $APT $STRK $W $IO $SEI $ENA $ORDER $AETHIR
Information on private valuations taken from @DefiLlama 's raises website at defillama.com/raises
$ZRO here looks the most promising with $400m MC, FDV not far from it's latest private round + no unlocks till 2025
🔸Narrative rotation
The game of rotation is very lucrative when done correctly.
Observe how L1s had a steady and sustainable increase since October 2023.
By contrast, memecoins almost didn't move at all for 5 months, and only started their move once it was near the top for L1s. And they had also a second leg in Q2, contrary to L1s that reached their pick in Q1.
A very similar pattern also happened in H1 2023.
