Hoss

The altcoin game has changed. The market is demanding strong fundamentals, revenues that support the valuation. The market caps aren't just memetic and nebulous anymore. This coupled with the rise in popularity of perps where the majority of bidders of alts are trading them on leverage, not spot... This all limits the upside multiples significantly. I think the majors and a few very select alts will see the largest spot bidding, and these are the ones that will not only outperform, but be a miles better risk:reward due to less downside risk. Mega bullish Ethereum here. Every narrative and meta that seems to be brewing for this cycle is being led by efforts on Ethereum. It's market cap is actually driven by network effect instead of revenue, and that will actually uncap it's potential by not tying it a number. $Eth is money.

BREAKING: Odds Bitcoin hits $100,000 this year have doubled to 20%

If your point is seasonality (the daily volume is too consistent without dips on weekends), that's because weekend dips are a function of professional traders / HFs that take weekends off. Memecoin markets are retail dominated, which don't show the same seasonality patterns. You can prove this to yourself by looking at a segment of revenue pre-token, which also shows the same revenue consistency. Presumably you don't think this was sus before the token launched.

If you're wondering why the market is green today: The ethics clause on the CLARITY Act appears to be resolved. That single provision, the conflict-of-interest rule around government officials' crypto holdings, is what held this entire bill hostage for months. Democrats pushed hard for it while Trump kept filling his bags with one crypto scheme after another and dumping on retail. But it now seems like real progress has finally been made, with the White House reportedly conceding to language described as "more aggressive than anything seen before." Next up: a Senate floor vote before Congress leaves for August recess on Aug 7th. Why this is arguably the single biggest catalyst crypto and especially alts have right now (and maybe ever had): CLARITY ends the decade-long jurisdictional war between the SEC and CFTC and permanently codifies which assets are commodities into federal law. No future administration can undo it with a memo. It replaces a decade of "regulation by enforcement" with actual written rules. What that unlocks: Institutional capital that has been stuck on the sidelines. Pension funds, sovereign wealth funds and the largest asset managers can't hold unclassified assets for compliance reasons. Remove that barrier and they can finally allocate using the exact same frameworks they use for equities and bonds. JPMorgan itself literally called this the trigger that opens the floodgates. On top of that, we get real developer protection, which means more innovation from talent that finally isn't scared away anymore. And real user protection, with rules that would have made any FTX-like collapse structurally impossible. The same kind of collapse we're still suffering from reputationally to this day. And here's the tell: look how much the market moved on just a small procedural win like this. Now imagine what happens when the whole thing actually passes. For reference, when the GENIUS Act was signed last July, total crypto market cap crossed $4 trillion for the first time. CLARITY is bigger. Much bigger.