High Conviction Bets #1

What works, on-chain bets, and possible trade ideas

P.S. I’m heading to New York City (NYC) for a year in January 2024, and am looking for a crypto internship as an analyst for that duration! Open to anything from working at protocols & startups to venture / liquid funds. If you know anyone interested / you’re looking for one yourself, please feel free email me at 0x.kyle3@gmail.com, or DM me on Twitter! <3

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Introduction

This is a new series I’m trying to start where I talk about my personal bets. While my weekly narratives posts serves as a backward-looking summary, this series will be more forward looking and focused on plays that I’m in or looking at.

I want to emphasise that as traders, we don’t marry our positions - as the saying goes: strong opinions, loosely held. My conviction level from token to token differs, and just because the series is titled “High Conviction” doesn’t mean I’ll hold any of these tokens to zero.

The value proposition of this series is not for you to copytrade (please don’t) - but for it to serve as a signpost, telling you which tokens might be good to look into, how I view the market currently, and possible trade ideas I’m looking to take.

Think of me as your very own analyst that’s churning out ideas - some are good, some are bad, but all are informative. The burden of discernment lies with the reader.

At the end of the day, trading is a very individual sport, and you should always form your own opinions instead of fully piggybacking off others.

Now let’s dive in.