THIS IS NOT INVESTMENT ADVICE

Looking back, the so called "crypto market" has not had a bull run that truly cut loose and got parabolic for an extended period of time since back in the ICO craze and 2019/2020 run.  We can recall BNB scorching higher from low single digits to above $600 a coin and other coins taking off as well.

Again, this is NOT investment advice.  This post merely explores a possible trade to capture some extra upside if the market were to move into an extended phase where certain risk assets and hard assets were to perform well or even far exceed Greenspan's "excessive exuberance" levels for a period of time. 

All the ETH copycats?  Been there, done that.  For sure there will be some that go on a ride if the whole market does, but something like SOL is already more than well known. 

Regarding ETH, and helpful to this possible trade idea, is the following chart:

Well folks - despite the repeated claims by the Ethereum crowd, it does not appear as though Ethereum will be "taking over" or "flippening" Bitcoin or "making Bitcoin worthless".  The above is a weekly chart.  Since "The Merge" (dubbed by us as The Submerge), Eth is only trading lower and lower relative to BTC.  Given that, should we expect a new market darling coming from out of nowhere to emerge from the Ether ecosystem?  We are not, though you may feel that way. 

Enter Bitcoin L2s.  If the market is shifting more and more towards Bitcoin, then perhaps a new Wild Card play emerges from there as well.  This exercise is not about which technology or coin is "the best" or going to move the most, this is about which coins THE MARKET will grab onto and take for a huge ride.  Again, can't emphasize this enough.  It's about which "new coins" the market might fall in love with for a period of time. 

Presenting STX.

Bitcoin Layer 2.  Allows for "staking".  We could see the market taking this one perhaps and running with the message of "hey it's a new layer on top of Bitcoin and it pays a yield".  Market could project this as a way to "earn from mining by just buying STX". 

Maybe a small slice for us just in case.  Kind of like calls on BTC without an expiration date and the ability to sell before a 100% loss. 

As for STX the project and ecosystem?  It may be wildly successful or perhaps it is a bust.  We're not comfortable saying either way at this point.