Consider holding Solana (SOL) as a core portfolio anchor, as it is expected to break its previous $250 all-time high in the coming months. Following a major breakout, Avalanche (AVAX) is considered a strong buy, especially if it can maintain a price above $30. For potential "catch-up" trades, look at dollar-cost averaging into Sui (SUI), which is viewed as undervalued with a cycle price target of $10. The AI leader BitTensor (TAO) and stablecoin project Ethena (ENA) are also highlighted as high-conviction trades that are currently lagging the market. Lastly, if you provided liquidity on the Meteora platform, check its website for a potential airdrop stimulus coming in October.

General Market Outlook

• The speaker is generally bullish on the crypto market, believing that an "alt season" is just beginning, as Ethereum has not yet reached its all-time high.
• A key driver for this bullish sentiment is the expectation of interest rate cuts. The speaker notes that three rate cuts are projected for the end of the year, which would be "massive" for the market.
• There is a strong correlation noted between Gold and Bitcoin. The speaker observes that gold is breaking into new highs and believes that when gold leads, Bitcoin "usually erupts after."
• The speaker believes this cycle is different from previous ones due to the significant amount of institutional money, corporate buying, and even countries purchasing Bitcoin.

Takeaways

• Cautionary Note: The speaker warns to "tread with some caution" around the next FOMC meeting. If a rate cut occurs, it might already be "priced in" by the market, which could lead to a temporary dip.
  • The speaker's personal strategy is to take some profits on open trades heading into the FOMC meeting.
• Investment Strategy: The overall strategy is to identify altcoins that have already started performing well and also to find "catch-up" trades in coins that are lagging but have strong potential.
• Capital Rotation: The speaker suggests that as high-cap coins see significant gains, investors can rotate some of those profits into lower-market-cap tokens that have not yet seen a price surge.

Solana (SOL)

• The speaker describes Solana as "ripping" and showing "no signs of slowing down."
• It is viewed as a "portfolio anchor," meaning a core holding in a crypto portfolio.
• The previous cycle high was around the $250 level.

Takeaways

• The speaker is very bullish on Solana.
• It is expected to "very easily" break through its all-time highs in the coming months.
• Holding Solana is considered being in a "very good position."

Hyperliquid (HYPE)

• The speaker mentions a long trade on HYPE that is up 224%.
• Spot buys at $27 were highlighted as "killer" entry points.
• A key fundamental driver is its profitability. The speaker notes that HYPE's net income at its current rate ($1.3 billion) is outpacing NASDAQ's 2024 income ($1.1 billion).
• It is considered the leader of the "buyback narrative," which attracts investors looking for tokens with this mechanism.

Takeaways

• The speaker is extremely bullish on HYPE and is personally letting their position run, believing it will climb higher.
• The project's strong profitability and leadership in the buyback narrative are seen as major catalysts for future growth.
• Investors are advised to "take profits as you please."

Avalanche (AVAX)

• AVAX has broken out of a 213-day consolidation period, where it traded sideways for a long time.
• The speaker notes that accumulations between $19 and $23 have "really paid off."
• The breakout is seen as significant, with "nothing but air now until $50."
• The narrative is shifting towards revenue-generating projects, and AVAX is expected to benefit as people flock to tokens with strong development and profitability.

Takeaways

• The speaker is bullish on AVAX following its recent breakout.
• A key level to watch is $30. If AVAX can cross and maintain this level, it is considered "super bullish."
• The long period of accumulation is seen as a positive sign, indicating that long-term holders are now being rewarded.

Pengu (PENGU)

• The speaker mentions buying PENGU under 3 cents, with the price now at 3.5 cents.
• An entry at $0.027 was highlighted as a "perfect long entry."
• The token has just broken out of a "bull flag" pattern, which is a bullish technical signal.
• The core investment thesis is to hold PENGU as a trade leading into the "abstract TGE" (Token Generation Event).

Takeaways

• The speaker is very bullish and believes PENGU will "easily surpass all-time high" and enter price discovery.
• The speaker advises to "raise your targets" for PENGU, suggesting significant upside potential.

Potential "Catch-Up" Trades

The speaker identified several coins that have not performed as well as the leaders but are expected to "catch up."

Sui (SUI)

• Considered "way undervalued" while trading under $3.60.
• It is only up 5% on the weekly chart, suggesting it has room to run compared to others.

Takeaways

• The speaker sees SUI as an "absolute no-brainer DCA" (Dollar-Cost Average) for a catch-up trade.
• A price target of $10 is mentioned for this cycle.

Ethena (ENA)

• The speaker believes ENA will "very easily" cross $1 in the coming months.
• The recent dip from 81 cents to 78 cents is seen as a potential buying opportunity.

Takeaways

• This is viewed as a "no-brainer trade."
• The speaker is personally considering opening a long position on the current dip.

BitTensor (TAO)

• Highlighted as the "industry leader in AI" crypto projects.
• It is only up 4% on the weekly chart, indicating it may be lagging the market.

Takeaways

• The speaker views TAO as a "no-brainer" catch-up trade due to its leadership in the AI sector and recent underperformance.

Kaspa (KAS)

• The speaker describes this as a "late cycle trade."
• It is noted that KAS replicates many of Bitcoin's core principles and tokenomics.

Takeaways

• The best time to look at KAS is after Bitcoin starts hitting new all-time highs. It is not an immediate trade but one to watch for later in the bull market.

Kida (KIDA)

• The speaker mentions that buys at 70 cents have performed well.
• It is currently trading around $1.

Takeaways

• The speaker believes KIDA is "still a buy at $1" and would be actively accumulating if they didn't already have a position.
• A price target of $1.50 - $1.60 is mentioned, a level it reached about a month prior.

Gaming & Low-Cap Coins

• The speaker notes that money has not yet rotated down into many low-market-cap coins.
• Ronin (RON) is mentioned as "finally catching up."
• Wilder World (WILD) is up 23% on the weekly.
• Zentry (ZENT) is up 50% this month.
• Altura (ALU) is up 500% after a team change.

XBORG

• The speaker is "really, really heavy" on XBORG.
• It is currently in the red on weekly and 30-day charts, which is seen as an opportunity.

Takeaways

• XBORG is presented as a "great opportunity" in the low-cap space before capital rotates down to these smaller projects.

Airdrop Opportunity

Meteora

• Users who interacted with the Meteora platform during the "meme coin super cycle" earlier in the year may be eligible for an airdrop.
• This includes providing liquidity (LP) for pairs like the Trump coin.

Takeaways

• The speaker advises anyone who used Meteora to visit the website and check their points to see if they qualified for the Season 1 airdrop stimulus coming in October.