BAD LUCK BRIAN $KYLE

partially agree, but don't think it is that simple because of dispersion with altcoins if you look at last cycle defi/eth pairs topped mid 2020 or early 2021, market didnt top until late 2021 & other alts had rallies similarly, we could have a parabolic phase with solana & memes while rest of market lags & then rotation to other areas after believe this is likely for a few reasons, one is that many of the major memes have setup consolidating structures for past 3-4 months in middle of uptrend, believe that next move will be continuation of that strong trend - doge last cycle went from $10B to $100B in less than two months - think we could see something similar with the memes above $1B Solana also I expect to go on a face ripper from here On the flip side, there are a lot of L1s & larger AI protocols that haven't launched yet, we have swung pretty hard on the pendulum to "all VC funded alts are worthless" & think it will get even more extreme when we get another leg up on sol + memes, if we have multiple memes at $50B+ & poor price action on these new L1 launches then that will likely be a good rotation trade to make as these will be spending a lot of capital to attract mindshare from traders + it will be an unpopular trade Also, we still have not seen NFTs come back, which I think will coincide with a lot of these new crypto game launches, nor have we seen RWA or DeFi plays do well, there are still many alts from last cycle that have found pmf but have not started a bull market at all, if we do get a more favorable crypto regulatory landscape post-election then these will be setup to do well also Don't think it's simple as "blowoff leg coming, everything will top" especially since we now have passive tradfi flows to $BTC & $ETH through their ETFs and possibly soon for $SOL next year