This one definitely caught us off guard.
We kept seeing headlines like “ $COIN is at ATHs ” but here’s what we didn’t realize:
This is the first time $COIN has actually hit its IPO price (which was set way back on April 14, 2021.)
If you bought $COIN during its IPO, this is the first time you’d be in profit.
Wild.
Crypto equities are looking like better investments than alt tokens this cycle.
@circle, @coinbase and @RobinhoodApp have crushed $BTC, $ETH and $SOL over the past month. 👇
This is happening because TradFi has a much better set-up:
- TradFi has a LOT more capital (high demand)
- But they have very FEW public crypto companies (low supply)
High demand + low supply = crypto equities rippin’
Now compare that to the crypto token market:
- Crypto has a LOT less capital (low demand)
- An absolutely absurd amount of tokens (high supply)
Low demand + high supply = bad news for (most) crypto tokens
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