October 08, 2021

Ep. #26 Q4 Crypto Overview and the Year Ahead

19 minutes

How are we thinking about crypto as we enter Q4? What are we closely watching? Why is ETH better than BTC and SOL better than ETH and L1s even better? Where are some hidden opportunities? What are the narratives that are developing and how to position yourself going into 2022? Let's explore.

Follow the smart money - which is continuing to accumulate BTC, ETH and currencies with either 1. network effects or 2. backed by large firms

Strong fund blessing: “Relatively” better Layer 1’s are backed by strong funds to build massive ecosystems (& price rises): 3AC w/ AVAX, Do Kwon + Novo w/ Terra Luna, Jump Cap with Pyth & Luna, FTX / Almeda with Solana

Rise of SE Asia - more founders, higher awareness and most importantly desperateness to win at any cost driven largely by P2E games like Axie and free airdrops like 1inch, UNI, DyDx. This is some life changing money - for FREE

ETH the base currency: Larger network effects, more devs than any chain, as decentraslied as it can be, coming supply shock, NFT & gaming craze, institutions going directly into ETH bypassing BTC

Layer 2 Alts - on ETH & SOL have been outperforming many major Layer 1’s. Q4 should be no different.

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By Sankalp Shangari