I think this is still the best privacy L2 for the ethereum network...
Applications and variations of mixers like tornado cash also exist though...
In the long term eth thesis a privacy focused l2 makes ALOT of sense for funneling money between black and white markets.. for political reasons or otherwise. Institutions build on eth for its reliability...
Its a 20x to aths from here if that is eventually possible again (20k eth would do it.. )
Alts and ecosystem coins at psychological market lows around here when compared with other markets btc gold spx etc so we might be in the maximum opportunity zone though I expect altseason to be highly targeted and selected as retail interest/funds are pretty minimal vs institutions right now.. coins with a long term genuine thesis that institutions will understand easily.. they're slowly coming over to eth and we are seeing massive institutions start building their own projects so og crypto devs with all their tech scrutiny /battle tested code from previous cycles should start coming into the window of relevance as these institutions start becoming more educated on the broader crypto markets long term thesis.
Og coins like xmr showing strength along with new tech coins like hype will eventually open the minds of institutions to the broader thesis'
Rose could be part of that wave and we are technically seeing a potential deviation double bottom here..DYOR as always.
Applications and variations of mixers like tornado cash also exist though...
In the long term eth thesis a privacy focused l2 makes ALOT of sense for funneling money between black and white markets.. for political reasons or otherwise. Institutions build on eth for its reliability...
Its a 20x to aths from here if that is eventually possible again (20k eth would do it.. )
Alts and ecosystem coins at psychological market lows around here when compared with other markets btc gold spx etc so we might be in the maximum opportunity zone though I expect altseason to be highly targeted and selected as retail interest/funds are pretty minimal vs institutions right now.. coins with a long term genuine thesis that institutions will understand easily.. they're slowly coming over to eth and we are seeing massive institutions start building their own projects so og crypto devs with all their tech scrutiny /battle tested code from previous cycles should start coming into the window of relevance as these institutions start becoming more educated on the broader crypto markets long term thesis.
Og coins like xmr showing strength along with new tech coins like hype will eventually open the minds of institutions to the broader thesis'
Rose could be part of that wave and we are technically seeing a potential deviation double bottom here..DYOR as always.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.