Some random weekend thoughts/colors on the market
On Virtuals eco,
- $ARBUS got full endorsements from @virtuals_io — 42k $VIRTUAL injection into $ARBUS and airdrop to veVIRTUAL stakers. The Genesis re-launch will be extremely hyped w/ points required to get full allo likely shoot up to 2m-3.5m points
- Not gonna be worth it for participants from value per points perspective. People will end up spending majority (if not all) of their points on $ARBUS, leaving minimal points for upcoming launches. If you wanna ape, better wait until the last 30 mins to gauge the hype / points. Other 2 plays that I'm interested in are $MANEKI and $BIZZY
- Majority of mindshare concentrated on new Genesis Launches atm due to the constant hyped 5-20x runners. Most Genesis Launch projects quality remain sub-par ➙ trading activity largely predicated on hype, the need to hold for more points, and to avoid TP jeet jail
- The dynamic will shift at some point as whales TP & rotate their capital into $VIRTUAL and higher quality / top agents that are championing their verticals e.g. $BIOS, $BILLY, $SAM as well as leading agents on other eco.
tl;dr -> Hype at unprecedented level due to trading structure (points-based, low MC micro-cap w/ high pumpability) ➙ inevitable capital rotation / flight to quality as soon as the cost to TP diminish
On Bittensor eco,
- A clear pattern emerges, whoever bridges $TAO with EVM & Solana get the traction (and the pump)
⇢ $TAOBOT went from $10m to $50m MC despite wrapped alpha tokens (not native dTAO)
⇢ @SturdyFinance's SN10 alpha token went up 2x in a week as Taofi bridging outside capital to native alpha get introduced
⇢ @ChasmNetwork's Taocan dTAO TG trading bot promising something similar, $CAI starting to grind up 50% last week
- @LayerZero_Core is live on Bittensor network. Unclear how the interoperability will work here (but I hope the improved interoperability allows outside capital to easily bridge to Bittensor network)
- @taofuxyz introduces subnet owners emission tokenization (into Subnet Seeds), giving subnet owners with the ability to raise w/o selling their alpha tokens while investors can get a stake on subnet owners future emissions (18%).
- @JosephJacks_'s ability to build in public, yapping extensively + Taoapp + @taohash SN14 PoW product skyrocketed the subnet to Top 3 spot in a very short amount of time. No other teams (besides Rayon ofc) seem to be able to achieve similar feat yet.
(Again, I really think TAO eco is in need of Kaito Yapper layer that incentivizes yapping across all subnets. Hell, you can set up your own system using Kaito public API lol)
tl;dr -> More roads to $TAO and more avenues to sustain dTAO subnet tokens price
Today is a great day
Finally after an eternity of non-stop up-only pumps on @virtuals_io (especially for top agents & genesis picks), we're seeing some real retracements that offer good potential dip-buying opportunities
$BIOS - was down 30%+ from ytd but already recovered much of its loss. This is still a really good entry considering @BasisOS traction & involvement w/in Virtuals.
Vaults TVL at ATH of $2m+ (from $100k just 3 weeks ago) optimized by agents, team working on new vaults that'll offer value add to the eco + there's also a rumor of BasisOS working on an ACP angle w/ Virtuals (don't quote me on this)
Remains best Genesis project w/ best product that provides actual value, market reflexivity will bring this up once market turns
$VCTRAI - renewed interests after the recent announcements from @VictoryChain_io (mother co of VictorAI), highlighting integration w/ @hedera — launching a Clanker/Bnkr-like product but for prediction markets i.e. bet on markets directly on X.
Victory is also launching a football manager AI agent that manages a real football club (Costa Amalfi) and there's a good likelihood that $VCTRAI will be getting the football manager AI agent airdrop
I've actually worked with the team 2 years back when I was working at Spartan. The "Victory" team (prev. Fan Controlled Sports & Entertainment) introduced a new type of sports called Fan Controlled Football (American Football) that allows fans to directly influence how the actual game is played
(vote, make decision real-time, decide how the real players should play in every single turn). They've pivoted to Victory Chain, an ecosystem that utilize AI to bring sports industry on-chain, solid team.
(Additional alpha: team integrating w/ SN44 to bring Score/DKING intelligence to VictorAI & the football club)
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On the Genesis Launch front, $SUPER offered a really good value per point spent for participants today since it was only moderately hyped and ran up to $1.7M at peak (equates to $0.032 - $0.042 value per point) so congrats to anyone who participated
3 interesting launches are coming up — $ARBUS, $MANEKI, and $BIZZY each with their own uniqueness
I'm saving my points for these 3 and ill drop my analysis & thoughts on em later
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Outside of Virtuals eco,
- $EAI / @CryptoEternalAI is getting a lot of love with peak anticipation for Cryptoagents NFT mint. Allowlist is still open for those who hasn't signed up
- @arbitrum trading competition underway w/ @robonetHQ , @cod3xorg, @getaxal, @RNDM_IO, @Kudai_io duking it out for $50k prize. Gonna last for 30 days (started May 12). The winner get guaranteed pump
- @arcdotfun releasing Ryzome this week (super excited to play around w/ their Canvas)
- @NRNAgents continues outperforming the market after its pivot into Robotics + the announcement of Robotics Sports, leveraging NRN's existing RL pipeline
Other updates to keep an eye on
- @HoloworldAI upcoming launch of AI livestream platform (this week)
- @ReiNetwork0x's Core outperformance vs other LLMs
- @CreatorBid v2 with full revamp (breakdown article next week)
- @MaplestoryU NXPC token launch hype could spill over to AI agents. If so, gaming agents might experience a rebound
That's prob it! Stay safe out there and have fun trenching sers
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