While everyone is panicking, I have added $DRV to my long term crypto investment.
My current other holdings are: $HYPE, $CARDS bought in Feb.
I like this trade due to:
1) Leading onchain options niche
2) Option usage -> token value accrual -> weekly buyback w/ 35% fees
3) TA chart looks strong among the death of crypto this week.
However:
1) the scale of revenue is TINY compared to perp/dex such as Hyperliquid growth (DRV doing ~2.9M annualized), which caps token impact atm so it's at fairly valued and slightly undervalued.
2) emission is ongoing but steadily declined and buybacks are already larger than emissions
This is one of those buy w/ starting position and go all in once volume+fees all align for the next stage growth, while having a clean R:R to get out utilizing TA.
Invalidation:
1) trend back below 1B in volume for Options
2) below 200D MA