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@trading_axe
@eyearea DMs to get in touch.
Joined May 2021
150 Following    157.6K Followers
There are two cults in crypto right now that are the loudest and most loyal: HYPE and ZEC. You have the savvy investors who know exactly what they're buying and will go to war defending their ideas, And then you have those who want a more degenerate route to express bullishness on said ideas without being tied down to it. In traditional finance, traders will use options to amplify their bullish [or bearish] ideas, And in crypto, we search for "beta plays" that tend to outperform the main financial instrument [inversely, you can also short beta plays if you think the main thing has topped ofc]. Beta plays used to be SIMILAR COINS to the first mover/main leader. If ETH was leading, you'd be looking to buy ERC20 altcoins. If SOL was leading, you'd go into the memecoin casino and run it up. For the first time, we've now paired "altcoin" with "memecoin" [I guess we're also calling this, to some degree, an RWA development]. It has me wondering: ZCAT is at 140M~ atm and the entire premise is the fact you can farm ZCASH [as an airdrop] just by holding the memecoin. It's a direct beta play for ZEC's continued outperformance with no funny business. ZEC cult got behind it and the two communities of savvy investors and degen traders collaborated. And in turn, the ZEC cult has only grown from this as they've gained new soldiers for ZEC [who feel aligned with the community]. The HYPE equivalent for this, PURR, sits at 10M~ atm. It seems extremely undervalued given the strength of HYPE all cycle. Or maybe I'm just retarded, hard to know. ~ Dr. Axius.
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