RE: Alt Season Is Starting 🐕🚀🌚
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I was never really a fan of the token, but given the dedicated fanbase I felt like it might be worth it to hold a couple tokens. Then I hit the KYC and I said, nope. I'd like to gamble in a bit of DeFi stuff again, but I'm not sure I have the capital to gamble.
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I have been monitoring the DeFi situation more and more lately and just got on BlackHole on Avalanche. I went in light to start out with because there are some things that don't make sense to me over there.
Pancake Swap has branched out to a lot of different chains not just BNB at this point and seems like the price of CAKE is benefiting from that. Similar strategy that Uniswap seems to have benefited from.
The activity is increasing so at a minimum owning the head of the snakes is going to be beneficial.
That is why I'm adding more SOL, SUI, ICP, XRP...... I also think AVAX is under valued.
I can see with the Arena and Black Hole the activity is going to go way up.
Returns aren't great across most DeFi currently but as everything surges I think those returns will start looking better.
Good to know, thanks!