One of the biggest opportunity zone in liquid markets right now is still businesses that chose a token as their ownership structure and are therefore mispriced. My best example is always solana:7JA5eZdCzztSfQbJvS8aVVxMFfd81Rs9VvwnocV1mKHu. It is NOT a crypto business, the same way Amazon isn't in the equity business. They are crushing it in their industry, though. You just have to approach it differently and step out of CT bubble and learn a new field if you want to invest in them. Differnet markets but similar ownership projects like @grass, @silencioNetwork, @OVRtheReality, @NATIXNetwork or @onocoyRTK are heavily overlooked right now. You can see it in the price action: the ones performing best are those who found pmf, maybe moats and good sales pipelines. An underappreciated skill is knowing how to talk to investors and doing the best job of educating their investor base (people who invested in SoV assets and DeFi). IMO, @GEODNET did this by far the best: they never cared about narrative and delivered on fundamentals, while choosing @Blockworks early as their partner to present their business. @mikeahorton is doing what a public market CEO would do, since those investing long-term need assurances and ways to constantly underwrite the business. Focus on longterm investors and ignore traders. The wind is changing, and more founders are starting to see that this is part of their business. Not everyone is operating on their or @grass 's level when it comes to investor relations right now, but its memetic. Those who weren't as transparent but have good fundamentals will feel the difference which will start change. You can't just bid "DePIN" and expect to hit it big, but it definitely feels like seeing early DeFi in liquid markets, even though there's obviously not as much beta to the underlying SoV. Valuations have hit levels similar to 2019 DeFi coins. Your job is not to buy the category but find generational winners.