$STABLES - Stablecoins are becoming the default rails for cross-border payments and are fading into the background of fintech, indicating mainstream adoption and growth.
$CRYPTOAI - AI agents on-chain represents the biggest opportunity in crypto, with infrastructure for agents coming sooner than expected.
$DEX - Exchanges and prediction markets are among the few things actually working and growing in crypto right now.
$COIN - Coinbase Ventures' strategic positioning and distribution capabilities make them valuable in the current market environment.
Bearish:
$LAYERONE - L1 infrastructure is becoming commoditized with technical capabilities no longer being the differentiator, and the focus has shifted from infrastructure to applications.
$VC - Crypto VCs are struggling with oversupply at early stage, difficulty competing with fintech VCs, and many high-profile exits from the industry.