ELEVATE MONSOON

ALTCOIN SEASON NEXT?🤔 MY THOUGHS 👇

I personaly think this is a bear trap for altcoins. Many altcoins made new multi monthly new lows, except few exceptions. The ones that didn't make new lows will be faster horses.

Currently if you check BITCOIN / ALTCOIN Season Index you can see $BTC has prevailed. Which should mean soon capital will start shifting to altcoins.

Global Liquidity index is also giving us a hint that 2nd part of 2024 and 2025 will see massive liquidity boost and this is a time where alternative asset class will bloom --> quality altcoins should see exponential growths.

I'm attaching 2 charts that show what I'm talking about.

In short: smart people are buying now and accumulating. Crypto tourist are leaving or lost interest. Tourists will return in few months to buy new highs.

Todays prices are what everybody dreamed off and now is afraid to buy. Remember biggest profits are made by buying fear not hype and green candles 😉

$GMX overview 👇

While our portfolio holds many quality assets like $ROSE , $ATOM, $OSMO $EGLD , this post will be dedicated to DeFi powerhouse protocol. The leader of decentralised perpetuals and the most profitable DEX.

Recently $GMX has had a vote with revenue share with it's token holders. In past revenue was shared in terms of $ETH to stakers but no more. Current revenue will be used to buy back and burn $GMX tokens.

Protocols revenue will automaticly market buy $GMX tokens and burn them. It's DeFi ecosystem is expanding in non EVM ecosystems like SOLANA. So I'm expecting much much more liquidity to come to $GMX .

More liquidity --> More volume --> More revenue --> More buybacks of $GMX tokens.

This will catapult price from 25$ to atleast 3 digits in my opinion in medium term.

Data doesn't lie.

Check for yourself who is the leading perpetual DEX in last 6 months 😉👇

Summer of 2024 was very weak for crypto. One of the worst few months in crypto ever. Most altcoins made new multi yearly lows.

Although most care about price, but I care about developments and problem solving.

If you will go in 2023 you will see I posted $NEAR was #1 most active project in development. The price was around 1$ and within 1 year it went all the way to 9$.

I am saying now the same for $ROSE. It's #1 active project by development, it has officialy partnered with tech Titans like Meta, Google etc... yet price is surpessed.

You are either a buyer at 0,05$ or you will cry within few months why you didn't listen to me to BUY like I told you with $NEAR in 2023.

Choice is yours 🙂

My strategy is also packed with other fundamentaly undervalued altcoins but I will not go in depths of their updates in this post because It will be too long & complex.

On other hand we're also facing interest rate cuts. Some are thinking US could cut rates by 0,75bps. If it occurs this will ignite volatility in capital markets and most likely raging bull run.

I said in past that 1$ per $ROSE is still massively undervalued . It has a unique value proposition which I have explained in past posts.

Most are now panicking at 0.05$ - 0.10$ range. In few months or 1 year It wont matter because I think price will be much much higher.

You don't have enough $GMX 👀

$GMX MAJOR UPDATE 🔥

$GMX has recently announced it will transition to BUYBACK BURN MODEL, meaning 27% of all fees generated by perpetual DEX will go towards burning tokens.

For past 2 years all revenue share was beeing done in $ETH to all stakers.

But recently devs proposed an upgrade to return value to token holders.

If we observe total fees accrued to $GMX holders we can observe that within 2 years leading perpetual DEX has generated over 343M$ in fees 😱 🔥

27% of that was shared to stakers = aproximately 92M$ 🙊

Now if past dynamics and userbase stays the same this will mean roughly 92M$ in buy pressure of $GMX tokens and burning them. Reducing initial supply.

$GMX has only 9,6M tokens and current market cap of 270M$ ✅

If 92M$ goes towards burning tokens in next 2 years this will reduce supply for atleast 30% - 35%. ✅

This means price will have to rise 🚀

If userbase, TVL, fees increase, etc... this will be perfect combination for massive bull run for leading decentralised perpetual DEX.

$GMX VALUATION ESTIMATE 👇

1. 100$ per GMX today means around 1B$ market cap
2. If burn model is successfull & we estimate 30% token decrease --> This leads us to roughly 6M GMX TOKEN IN CIRCULATION. At 100$ per GMX token this gives us still 600M$ market cap.

If you consider future speculative multiplier with massive value accrual for GMX token holders I do believe that even 200$ per $GMX is realistic price target.

This is the reason that $GMX is 20%+ of our structure. DeFi season will return in crypto. It's just a matter of time and I think $GMX wil be one of the leading horses.