Dear anon,
been a while since i started taking direction trades.
if u are still reading my news letter, thank you.
I am starting to take more altcoin directional bets. might be too early so follow thru with care, my strategy is to start to deploy approx 10% into alt over Oct carefully, mainly on zero on hero plays while using my BTC, ETH, Stable to continue to farm things
ok, lets talk about $EIGEN
Same playbook as $ IO
It had a “early” dex listing of 15mins.
It was suppose to be listed at 12pm HKT but it was transferable 11:45am instead, allowing all the onchain degens to sell
imo i thought it was a similar playbook as what ionet did, allowing all the on-chain farmers to sell while protecting the more retail buyers from CEX.
Obviously i wasn’t sure, so i didnt sell initially but also long $ IO right before it was listing on cex ( not size tho just a tiny size to test my theory )
luckily i was right
ok, good for you bro.
What now what should u do?
personally i sold 80% of my airdrop & my long trade at 4.2- 4.3 ish because of lack of volume in eigenpie and etherfi ( as eigen beta )
but chill i don’t think its over.
$EIGEN at 340m mcap is low imo,
excluding the tech or whatever, a project with that much narrative n attention have potential to go higher given the market continue to be hot
✅ 7+ AVS coming
✅ mcap wise is “cheap” $ethfi at similar mcap
✅ one of the top alts?
dont be blinded by everyone has airdrop n gonna dump.
Look at ZRO doing relatively ok?
Hopium talk, can $EIGEN pull another $TIA ?
infra coin wise i think it did capture more hype than tia?
lets see, my current move is to see can it dump further today and maybe accumulate some position
lastly i want to thank you all for reading my news letter, been sitting on my hands and doing mainly farming but i think it’s potentially time to LFG