What’s up everybody! This is Thomas Bahamas and we are back for another episode of Solana Weekly! Let’s recap the major W that is 2023, talk about wins, talk about predictions, and talk about the strategies that are going to keep us winning. So much has happened I’m sure I’m going to leave a lot out, but we’ve got quite a lot to celebrate and you’re damn right we’re going to do it. We witnessed Sol being the laughing stock of crypto to where the most users, most nft transactions, most value swapped on dexes, and legitimate actors are calling for the flipping of Eth. It’s wild. When FTX exploded, Sol went down with it and I made the choice to hold and DCA in, because it didn’t actually change what I liked about Sol. It was fast, cheap, great protocols, the best wallet, and a hilarious community. This was the year that everyone saw the same thing, and if you stuck around and held, we get to reap in the rewards.
Sol price: 104.88 - we started the year around $10. Over a 10x for just holding.
Mega pump on Christmas Day, insanity. We got to $125 on December 25th while none of us were paying attention. We love to see it. We had a bit of a flash crash yesterday ticking down to $77 with some excess leverage getting wiped, but we’re back.
SolEth: .04560 - with .1 in sights and breaking it a reality. For reference, we started the year at .01.
SolBTC - .002353 - started the year at .00055. We’ve been crushing.
Year in review
Dca the ultimate strategy. Buy and hold remains undefeated and is a personal example I’m not going to forget. I traded a good amount on Drift with leverage, but this was less than 1% of my portfolio and helped me direct where I was DCA’ing into.
Biggest wins for me - bonk, sol, quekz, gbtc to coin, jito, pyth.
A reflection on bonk and it’s impact. Released last christmas when Sol was at 8, carried the ecosystem back up.
Common theme: bonk team and quekz influenced this.
Plan for 2024 - hold sol, stake it, hold bonk.
Saved solana w airdrops to devs.
Saved Solana phone, we got another one on the way and yes they sold out. Bringing the 3rd option for the app marketplace onboard.
Pumped helium - Helium - it pays for itself.
Pumped my bags
Matrix port with a blow
Cosmos blowing up? Maybe, there’s always potential there, but it never goes anywhere.
Btc as a tradfi toy.
Rise of great traders that can talk sophisticatedly about what we’ve been talking about for the last year, we’ve got the Michael Saylor of Bonk himself Joe McCann who’s been trading forever making his mark and crushing the markets. As well as Ansem destroying the market. He’s a 10x shitcoiner as well as someone that dives into the tech and memes of a community. Fascinating to watch, hilarious benders and 100x’s from him.
Empire price predictions are wild. Looking at 600-700 Solana this year. And I don’t think they are the only ones. We’re being noticed. We’re gearing up for a wild 24 with an election, etf, and a Bitcoin halvening. But on top of That we are dealing with a change in mindshare of what cryptocurrency can do. And at the forefront of that we have Solana.
We have Solana doing awesome things and delivering the best experience for anything crypto:
Phone, phone service, maps, walking apps, NFTs, nft marketplaces, dog coins, dao’s, trading platforms including perps, staking, liquid staking, borrow/ lend, yield, airdrops, firedancer, new protocols with tiny spls, inscriptions, compression, wire dancer, tiny dancer. Yes there are other L1’s that are interesting, but none that are at the level that Solana is.
Alright that should do it on updates. I would recommend upping your security, seen a ton of discords and projects getting attacked and these are more sophisticated actors. On Twitter, remove your damn phone number, turn on 2FA, use an authenticator, explore some options for password managers. We gotta protect our bag and after getting a wallet compromised like I did, it’s super important. Let’s see what this next year can bring us, stack some more Sol, stake it, and have some fun. Thanks for joining, this is Thomas Bahamas.
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