WAGMI - We are all gonna make it
Next, translate 1-9
Topic: The Crypto Proposition for 2022 - Key trends, people, companies, and projects in the Crypto space worth paying attention to, along with predictions for 2022
Original report download link: https://messari.io/pdf/messari-report-crypto-theses-for-2022.pdf
WAGMI - NFT community "slang"
GMI / WAGMI means "Gonna Make It" / "We All Gonna Make It," which translates to "I will succeed" / "We will all succeed." This represents a happy future state where everyone can understand JPG NFTs in our own way. For example: "MOMA just bought a Punk, WAGMI!"
Sometimes, you shouldn't think too much.
Crypto trading is often social and tied to Meme culture. Just look at how quickly retail traders ("the common folk"?) mimic new projects endorsed by some of the most successful investors in the industry. Capital is also highly mobile — this year saw billions of dollars earned through "hot money" trading, shifting from one sector to another, one asset to another, one Meme to another.
The role of VC in Crypto is changing, with builders and fast followers receiving the biggest rewards. Due to inefficiencies and reflexivity in the Crypto market, it makes sense to suppress winners and shed losers. For instance, as SOL prices rise, more investment flows into the Solana ecosystem, constantly compared to ETH, attracting new applications and attention, continuing a virtuous cycle. This is the fuel for top traders, even though skeptics argue these patterns resemble Ponzi schemes.
The Crypto market has its own rhythm. If BTC leads, then the altcoin season may be just around the corner. Because people now believe this is true (and intuitively find it meaningful to have more diverse coins), these cycles rotate even faster and more reliably. Literally, there's a roadmap leading to a bull market for other coins, and some would argue that the momentum of crypto trading narratives will be straightforward:
Strong BTC
Stronger ETH
Strongest small-cap stocks
You can listen to FTX explain how to trade all bubbles, or read updates in real-time from some more prolific investors on Twitter about their "theses." Alternatively, you can review the top 20 funds, compare and contrast their Crypto holdings, and crowdsource your portfolio.