Market Thoughts and Observations

We’re approaching the end of summer and we’ve seen the brutal shakeout, miserable long stretches of boredom across the market since the fun and dopamine rushes we saw in Q1 this year.

We saw a lot of retail step in early, pre halving driving BTC up to ATH’s before the halving event.

Looking at this from the MM’s and Institutions’ point of view, everyone thought they could outsmart the market and get in “early” and run it up after the halving.

Hence why the only logical explanation from a larger perspective is to shake people out by swinging the price around and making sure to take their sweet time doing so, eventually making people leave out of pure boredom.

I do not think they are done, September, historically red, will be possibly (hopefully) the final test of patience for a lot of the market.

The market will always weed out the weak and guys who think they’re smart.

In this time I’ve been looking at tokens that are holding strong for my positions.

I’ve noticed POWSCHE (Solana) has barely dipped with this market wide dip.

To me, this signals a few things

• Sellers are exhausted and running out of tokens

• Real buyers are using the SOL dip as a discounted buying opportunity.

• There is real belief in the community and project.

• The team is unfazed by the market dip and continues to work.

I’m slowly sizing into two projects.

POWSCHE (SOL)

Kendu (ETH)

These are the only two projects that meet the criteria I am looking for, with true cult-like followers and believers.

I’ve asked holders of other projects what their thesis are on the project’s narrative and so on, and it’s the same old “1B programmed bro”, “trust me”

While Kendu is an animal token, there are thousands of real believers.

POWSCHE has a unique concept and a tonne of upside potential.

The other tokens you see shilled here every day are nothing but derivatives of other animal tokens with semi-decent art work.

TLDR; Using the market wide dip to get bigger bags in POWSCHE (SOL) and Kendu (ETH)