$ETH - Ethereum appears to be in fair value territory after underperforming last cycle due to L2 roadmap disruption, with potential to outperform Bitcoin in the next cycle as it refocuses on L1 scaling.
$STABLES - Stablecoins are the killer use case for crypto with Ethereum holding 60% of total supply at $180B, providing a strong fundamental base for the network.
$TRADFI - Traditional finance is expected to build on Ethereum L2s and launch stablecoins, creating value accrual for the network.
$GLXY - Galaxy is positioned as a global leader in both crypto/digital assets and AI data infrastructure with significant power capacity.
Bearish:
$LAYERTWO - L2 roadmap has failed to deliver expected value accrual and user experience improvements, disrupting Ethereum's value capture without delivering promised benefits.