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Steady Lads
Steady Lads #42 • PVP Season? Memecoin Supercycle? w/ Special Guest: Qiao Wang
May 10, 2024
Blockchain analyst Qiao Wang joins the Steady Lads to discuss market trends, meme coins, Layer 2 solutions, token launches, due diligence, and political impacts on the crypto market. They dive into the rise of meme coins, the evolution of Layer 2 solutions, and navigating due diligence in venture capital.
01:13:03
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Quick takeaways
- Market trend points to potential summer slowdown without major player influx.
- Meme coins create super cycle with fundamental demand, disrupting traditional markets.
Deep dives
Effect of Current Market Trends on Trading Behavior
Traders discuss the current market trend of lower highs and inflow slowdown, pointing to a potential summer slowdown unless significant players enter the market. While some are shorting altcoins and maintaining net flat positions, others highlight the consistency of long Bitcoin and short altcoin strategies in trading approaches.
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