$LASTMILE - Critical infrastructure gap in stablecoin transaction flow for last-mile liquidity, with significant opportunity as it's more challenging than expected and few are working on it
$NONSTABLES - Non-USD stablecoins present a huge opportunity with high yield potential (67% Mexican peso yields) and limited competition in the space
$DEX - DEXs gained 20 percentage points of market share in 18 months, driven by token creation explosion and wallet improvements, with shocking acceleration in 2024
$STABLES - Branded stablecoins are the logical next step for companies with dollar deposits, with major players like Cloudflare, Fiserv, and Stripe launching their own
$COIN - Coinbase is successfully bridging centralized and decentralized infrastructure through Base integration, capturing value from both ecosystems
$BTC - Bitcoin could become a non-sovereign reserve currency if geopolitical tensions create currency spheres and currencies become politicized
Bearish:
$ALTCOINS - Institutional accumulation of non-Bitcoin crypto assets has disappointed expectations due to custody challenges
$MSTR - MicroStrategy documentation reveals they can sell Bitcoin if below 1x MNAV, contradicting Saylor's never-sell narrative, with other DATs already trading below MNAV