As you can see from the reply 2 days ago, this was a very hard hold even at $3.84 entry. But the capitulation in the last 2 days has been giving me bottom vibes, so I added a small amount around $1.23.
Didn't expect such a fast recovery. Looking at $8 to be visited in the next 3-4 weeks. But as always, due diligence. It's very hard to keep track of all the potential catalysts.
The market will be fluctuating heavily with FTX payments, but I'm pretty confident that BTCers getting paid in USD at 2022 prices are not going to buy back into a BTC near highs, they'll move to memecoins where the volume is.
Profits from FROC, the Basechain's star performer this week, are likely going to flow into other Base assets like Chomp and Lum, as we are seeing.