Why isn't $OP a top 10 or 20 coin. It's not even in the top 50. 
Seems super undervalued.

Optimism got Coinbase, Kraken, Uniswap, World and Sony to launch chains using fully open source code tied to an open governance system which they all contribute 15% of their profits to.

binji

Why isn't $OP a top 10 or 20 coin. It's not even in the top 50. 
Seems super undervalued. 

https://x.com/binji_x/status/1879437017102319757

icebreaker.xyz/0xen |
https://gallery.so/Oxen/galleries | https://opensea.io/collection/farcats

eh, the primary use of the token was to enable VCs to exit. not really surprising that the chart isn’t particularly bullish.

agreed that it’s undervalued relative to current mindshare though

figuring out my next thing | marketing, content, growth | prev. Juicebox, Nouns, RAW DAO | casting about coffee, hi-fi, and other rabbit holes

that was sol's thing last cycle too and it was like 10 times more valuable

sure, but a network token needed for txn fees is different than a “governance” token

I think you could do well buying OP and/or ARB on long enough time horizons, definitely won’t be buying this late in the cycle personally

seems like we're at the beginning of the cycle

how on earth did you arrive at that conclusion?

Yes it's astrology, but in case you were wondering what I think: 

We’re are in the early phase of a bull market that will likely last 12-18 more months.

the coinbase guy told me 

https://warpcast.com/dwr.eth/0xf8918f7b

I think Dan’s post is correct but it’s “early phase of the next (and possibly last) leg up,” not the cycle as a whole

we’re over 5x from the bottom on BTC, we are nowhere near the beginning

with the lows this asset class sees it doesn't really work the same. 

same thing happened between early 2018 and 2020 where BTC was like 5x off the bottom but nobody would call that era the beginning of the bull run. it was just sort of a return to sanity after being in the depths of hell.

it's not unequivocal. 

total crypto marketcap didn't start swinging to the uptick until Nov. 2023 but then went steadily down from spring 2024 until this fall, 3 months ago. 

this deviates big time from the last few cycles where outside of a few outliers nothing happened until Fall 2017, Fall 2020. 

there's nothing 'dangerous' about disagreeing where we are as the data is inconclusive so you can come off that trip.

mid-2023 onwards was unequivocally a bull market

we have three past cycles to refer to, and they have all followed the same 4-year pattern which would place the end of this cycle in November this year.

quite dangerous, especially for non-traders, to think of this as the beginning when we’re much closer to the end. should be getting more and more defensive as we enter the final parabolic phase.