Where Are We In The Cycle, ETHs Outperformance & The Perpification of Markets

Bullish:

• $PERPS - Perpetual futures are expected to become the dominant retail derivative for traditional finance assets brought on-chain, due to their advantages and ease of use.

  • “I think a PERP or PERP like instrument will become the dominant retail derivative for all these Tridentify assets. It's so obvious.”

    Kaledora·27:57
• $ETH - Ethereum's value proposition is tied to its potential as a store of value, suggesting it needs this status to justify its current or future valuation.

  • “If ETH isn't a store of value, then it's one of the most overvalued sort of assets on earth.”

    Jose·1:08:44
• $HYPERLIQUID - Hyperliquid is identified as a potential outperformer in the crypto market outside of major assets, likely due to its fundamentals and investor appeal.

  • “I think the Hyperliquid one and the Athena one are the ones outside of the majors that I think could get a decent bid.”

    Jose·16:06
• $ATHENA - Athena is viewed as a promising investment in the stablecoin sector, filling a gap in public markets where Circle is currently the only comparable option.

  • “And then Athena is just like a stablecoin pure play exposure that all you have on public markets is Circle. And I think it could cut catch a bit for that reason.”

    Jose·16:06
• $ONCHAINIPO - On-chain IPOs are seen as a promising future development, offering immediate global access and democratizing investment opportunities, especially for those without access to traditional stock exchanges.

  • “And I do think eventually, and on chain, like just IPO ing on chain does make a lot of sense because you can just go global immediately, especially for people that don't have access to the Nasdaq, right?”

    Jose·52:46

Bearish:

• $TOKENIZEDSTOCKS - Tokenized stocks currently lack sufficient liquidity, resulting in significant price impact even for relatively small trades, suggesting they are not yet viable for substantial trading.

  • “So even with like 10 ks, you're gonna face it. I don't know, you literally look like right now, I don't know if the price impact is on like 10 ks, but it's also not trivial.”

    Kaledora·59:28