This chart was made on August 14.
In 11 days, BTC rose from 63,000 to 80,000, and most projects on the list outperformed the market.
$HYPE +50%, $PUMP +60%, $Lighter
close to +50%.
To be honest, these 11 days have confirmed one thing for me. After this cycle, the filter for altcoins has changed. Previously, it was about narratives and sectors; now the market is asking a more direct question: where did the money you earned go?
Buybacks are the hardest answer to fake. Whether there is revenue, and where the revenue went, is clearly visible on-chain.
It is expected that $DBR will also follow this trend, but honestly, I am not in a hurry. 100% of protocol revenue is used for buybacks, the treasury has 31 million, and the circulating market cap is less than 90 million. The most reassuring position on the list for me.
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