Market sentiment looking so bad that bottom will be in soon or coming soon. Remember $ETH ETF isn't priced in yet.
Looks like everyone expects the ETF approval to be a sell the news event. I personally think we might see a small dip but we should be heading upwards in no time because $BTC halvening is less than 4 months away. This very well might be the last chance for us to load our bags
$INJ looks primed to break into the top 20 in the coming weeks, 3 digit $INJ is not very far.
$INJ is the $SOL of this cycle, given how hard the team works and how well the entire chain works even under heavy load.
This is just the start, in 2024 @Injective_ will run hard.
$OMNI is an interesting new category of memes, omni-chain or to exist on multiple chains simultaneously. I would bid heavily on this as it has the potential to moon and also enjoys first mover advantage. No need to bridge and it's available natively on every chain.
Also forgot to add, $OMNI is the first meme available on Solana and Ethereum, that's absolutely massive and I expect this to absolutely skyrocket with the price action we've been seeing so far.
Wayne Enterprises Defi Research🥷 retweeted
Why am I pushing $KUJI over other projects?
Upside.
Nothing wrong with the others but most of them do not have this hella damn attractive TVL to Mcap mis-pricing.
Most of them still have big unlocks while @TeamKujira will have the last unlock ever from team in a few days.
Bunch already on big CEXs. #KUJIRA just on @MEXC_Official
None has an unreleased smooth sexy mobile iOS and Android wallet that houses a orderbook DEX, swap, charts, stable coin minter, Lending, liquidation bid marketplace, and market maker vaults on the go!
None has an upcoming revenue jacking perpetual dex.
None has real yield but inflationary mechanism where more tokens are emitted to validators or liquidity providers.
And lastly, none of them has a community with genuine camaraderie borne out of hostility from toxic tribes of the @cosmos Cartel.
#KUJI is a rocket ship that is still on the ground but not for long. I am just the guy shouting for you to come onboard.
Wayne Enterprises Defi Research🥷 retweeted
$KUJI is nearing the point it'll break into the top 100 projects by market cap, congrats to all holders.
Just remember that $KUJI emerged from the ashes of $LUNA, so this is nothing, these holders have been through absolute pain to reach this point- no one is going to be interested in selling just yet, $KUJI below triple digits is FUD.
Do not fade @TeamKujira.
I agree, @TeamKujira is building smartly and this is just the beginning for $KUJI
$KUJI going to $5 in the mid-term is highly likely Imo.
Going to be looking into the following bullish catalysts in this thread:
• Margin Trading
• Perps Trading
• Leveraged LPs
• Sonar Wallet full launch
• $MNTA PoL
• CEX listing
You may see that Margin trading is already available on Kujira's FIN trading platform, but it's one-sided (long only), limited to low leverage (2.5x), and limited to a small range of assets. These limitations are due to the use of $USK in the margin trading engine.
With the integration of GHOST into FIN's margin trading function, we will see the availability of shorts, higher leverage, and more assets.
Perps trading is also in the works, details are yet to be released, but generally, decentralised perps trading platforms offer some sort of yield vaults and cheap trading.
Another bullish catalyst for Kujira which is aimed at fixing the Kujira's current major issue - lack of liquidity - is Leveraged LP's. This will also use GHOST in the background, and in effect will increase liquidity and increase borrowing demand on GHOST.
This increased borrow demand also comes with nice indirect benefits such as higher sustainable yield on GHOST, and in turn higher TVL (lending).
One of the major pain points in the Cosmos ecosystem is onboarding and initial acquisition of the assets you want. @SonarWallet fixes this for $KUJI. The app is already available in beta on both IOS and Android, but is limited in functionality (just trading, minting $USK, and staking).
The plan is to integrate all apps into the Sonar Wallet, this includes in-house products such as BOW (liquidity pools), ORCA (liquidations) and GHOST (lending and borrowing), and also other products such as advanced DCA bots (by @CALC_Finance), and cross-orderbook trades (by @Manta_DAO). On top of this, it provides users with an extremely easy on-boarding experience, similar to that of a CEX.
@Manta_DAO continues to grow their Protocol Owned Liquidity. While this doesn't directly improve liquidity on the orderbooks of the major trading pairs (assets paired with some sort of stablecoin), it does improve market orders by routing trades through the highest liquidity orderbooks. On top of this, having localised liquidity on FIN gives arbitrageurs the easy ability to increase liquidity for the major pairs (indirectly).
As we can see from everything above, the flywheel with $KUJI is insane and spans between multiple real-yield products, and all contributed to the fee revenue of $KUJI.
The last bullish catalyst I wanted to talk about was CEX listings. These are good for two main reasons. First is the Initial pump (we all like money), and second is the increased $KUJI liquidity and availability making onboarding for newcomers much easier.
Hope you all found this useful, or at least enjoyed it.
Disclosure: I hold both $KUJI and $MNTA.