Joestar

I just tried to check $MEGA against TOTAL3 because the whole market is down, so maybe Mega isn't doing that bad you know
Well... I'm calling this half burj

MegaETH is still #9 among chains generating revenue lol
But look at the gap between it and every other project in the top 10
No one trusts this revenue, that's the problem
If you want investors to buy or hold $MEGA, we need more transparency and education on why they should imo

Just ran the math on ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d potential revenue and valuation once Kohaku goes live
I used $2.4T in Ethereum transfer volume per year and assumed Railgun is currently processing around 0.075% of it (taxed volume)
So basically, if Kohaku helps it capture more market share, that would mean:
-0.1% = $6M revenue
-0.5% = $30M
-1% = $60M
-2% = $120M
If we take a base case of 20x P/E (it's above 30x now), that would imply a ethereum:0xe76c6c83af64e4c60245d8c7de953df673a7a33d token at:
-0.1% = $2.09
-0.5% = $10.43
-1% = $20.87
-2% = $41.74
My take: Railgun c

Ok, I'm down bad on my $MEGA bag but they're going to airdrop us very close to the bottom and that's cool
Always stay positive

Am I the only one enjoying bear markets?
> Everything starts getting cheap
> No noise
> Focus on articles and alpha
> More free time
I don't know, every time I see the market nuking, I just want some tea, a blanket, and read article after article
It's like my grown up moment before the next wave lol

If you had told me a few months ago that MegaETH, one of the most discussed projects and arguably the one with the highest potential, would reach a $50M market cap, I would've never believed you
I actually have a lot to say about why things went wrong, what the Foundation is doing rn, and what to expect
Expect an article soon

OTHERS/BTC just broke a 4 year old bearish trend
It's early, we're going to see some blood again on alts, but something is definitely going on
If you're in BTC, pivot to alts (some)

My life is like 70% crypto, 30% climbing
That's literally all I need

This is fking hilarious
These are the P/E ratios for infra tokens, just compare $MEGA to the others lol
I think the whole communication around MegaETH revenue hurt it more than anything, everyone started valuing it like an app rather than an infra
Yeah, this space is stupid, that said, long term I'm confident this gap will slowly close
Special mention to $POL too, it's actually printing real revenue
Let me know if you want more projects added to @hypurrmium

If you're in low caps right now, you're actually outperforming $BTC
Next cycle will be full of BTC maxis, while it's going to be the altseason we've all been waiting for
Many such cases

Looks like $DEUS is an opportunity here at a $19M market cap
- $21M NAV, should trade at 2x to 4x NAV
- Holds robotics equity and crypto
- Robotics narrative is still early, but has a lot of potential considering AI feels overpriced a lot
- The only way to get exposure to TradFi robotics equity onchain
- RCM will likely be the biggest catalyst, offering a secondary market for robotics assets that accrues value back to the token
This is a slow play, but definitely one that's cooking

For all my $RAIL sidelinoooors, the market is giving you another chance
I have no idea where the market is going, I just like talking about $RAIL when it's cheap

Climbing in the French Yosemite
Worth the high taxes and kidnapping risk iyam

I think no one really gets how crazy low $MEGA is
8x P/E for an infra token is insane, just for reference $ARB is at 100x without a clear business model and most competitors are even higher
Imo CT is wrong and is judging a 2 month old blockchain way too quickly
A $60M market cap for a project like Mega, with a crazy lineup of apps and a goated team, makes no sense
Just a reminder, this was one of the most talked about projects last year alongside Polymarket
That's also why the FUD hit so hard, expectations were so high
I'm not saying you should buy here, I think a lot of mistakes have been mad

I know about some crazy apps coming to MegaETH that most people don't (yeah, i'm stalking jommi and bread)
I don't want to reveal everything, but tbh it looks pretty big and focused on trading like perps, options, ipo, ai, and startups
Megaeth is doing a good job, it just sucks at communicating about it

It’s insane, @variational_io just crossed $1B daily volume again and they still haven’t listed all their RWAs yet
They haven’t even released the trading API, just imagine when they do
The future value model from PerpetualPulse is talking about a $650M market cap for $VAR, which would mean a $2B FDV
And $2B FDV means around $60/pts fyi
TGE should happen in 4 months, you can still use OMNIJOESTAR if you want to earn more points

Some positive thoughts :
OTHERS/BTC really looks good, I’m pretty confident the next wave will be driven by alts, probably not all of them tho
If you want to be ready, keep digging, find the best projects, make a list and wait for the signal
Just go through all the charts today and you’ll already spot some of tomorrow’s winners