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Omishon 💜ᖽ 🎩
@omishon
(1/2) My thoughts on $DEGEN price action here at end of year... New holders or prior holders who had sold and wanted back in jump on the hype train in November with listing news and hope of L3 chain migration. Hype can't live up to reality as clanker starts vacuuming up all FC attention. Merc capital rotates out to take advantage of "the best new thing". Holders with more conviction start capitulating as price has been down only since buying. Also may be some tax loss harvesting considerations for EoY.
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Omishon 💜ᖽ 🎩
@omishon
(2/2) Looking forward to the future... My personal opinion here is we have typical end of year sell off, rotation for taxes or simply just lack of interest due to holidays and macro environment. This sets $DEGEN up for a very strong Q1, I expect January to be spectacular depending on how overall crypto market behaves (i.e. ETH ath?) In other words, get in loser, we're headed higher.
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