can just buy soul or avax and that's going to be fine well what if it's not what if in two years they didn't really go anywhere because the lNUMBER_TOKEN ecosystem took all their market share i don't i don't know like it's too hard and it's just going to be very interesting to see over the long term like i'm talking five years what's actually going to happen because look at five years ago in NUMBER_TOKEN or four years ago um with all the l ones that are around back then they're all never reached their all-time highs in usd and are massively down against eth so it's just it's so it's very very difficult to predict what's gonna happen but short term to medium term i can see some of these l ones greatly outperforming each just based on narrative and lone hype cycles that's just the way it is but um you know if you can catch that and stack more eth more power to you but uh a lot of people don't lots of people will kind of like hold them and hold it down to the bottom like they did with the NUMBER_TOKEN era lNUMBER_TOKENs dc what about you when you see the the current market structure current macro environment what's really paying attention what are you really paying attention to what's on your radar these days so there's still obviously uncertainty in the macro environment but i think we're still in an era of money printing you know and that's that's probably not going to change significantly anytime soon even if rates go up a little bit and so i do think crypto is somewhat correlated to macro in the sense of if the macro economy just crashes right i don't see crypto being spared from that necessarily um i i see that that because crypto is still viewed as a risk asset you know even with all of the um all the pushing of the narrative that people have said like bitcoin is a hedge against inflation i don't know if that's really i don't know if that trade is fully played out people treat bitcoin and most of crypto like risk assets like stocks even um i do think what's interesting in crypto is that the market seems to have fractured in ways that we haven't seen before and when i say that i mean we used to see a pretty clear behavior of like bitcoin pumps than ethereum pumps then all of the other alt coins pump right and everybody and the participants were a smaller group but everyone would kind of rotate into the same trades at the same time and and what that meant was that increased the price reflexivity when people would rotate like that right because if you have all those people piling in from one asset you know bitcoin tops let's all rotate into ether it sends this price like soaring right and we're not seeing that kind of behavior in the same way and i think that's because we have more assets we have nfts are now in the picture we have more chains that people are invested in and some of them may or may not be leaving their ecosystems and we just have more participants right so there's a possibility that we're going to see somewhat reduced reflexivity moving forward but i think actually long term if that is the case that means we're entering a period where crypto valuations might be more sustainable right and if there's
NO_SEGMENT_TOKEN