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degen chad 🎩🤫Ⓜ️
@degen-chad
While I’m having fun with some memes right now now, I’m genuinely more interested in high fundamental projects. “I think at some point in this market, there will be a flight to quality.” I know some people might get bored or frustrated with Moxie’s price action, but it actually reminds me of $AERO and my journey as a holder. Here’s why: The ATH of AERO was actually on its first day, around $21. It then went on to have crazy high emissions and quickly plummeted down to pennies. It ranged under 0.10 for 26 weeks. The fundamentals were there, but they needed to grow into their own tokenomics and to reset sentiment through demonstrated utility. It ended up taking off like a rocket once that happened. What was the most productive thing to do with AERO in that 26 week consolidation period? Sell? No. Hold? No. The play was to accumulate through buying or earning. Is putting a portion of your meme profits into MOXIE a good play? Possibly. I’m remaining bullish and patient. Ⓜ️
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Midnight Marauder
@midnightmarauder.eth
Agree with the premise of flight to quality, unfortunately Dex token’s rarely trend upward. Strange tbh bc they make a ton of dough. Good friends with people at Baseswap. Similar trajectory. Pumped to twelve then down 90 percent. Has the occasional spasm up to 2$ but never stays there long
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degen chad 🎩🤫Ⓜ️
@degen-chad
I agree in general, but most of them fumble the bag with tokenomics. AERO is a different beast with a superb implementation of a “solidly” style AMM, and the fact that it’s the liquidity engine of BASE.
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