The most ideal holdings in a bear market, meeting four points:
1. There are holder earnings
2. Low P/S ratio (Market Value / Revenue)
3. High MC/FDV (Circulating Market Value / Fully Diluted Market Value)
4. Demand remains stable
Very few tokens can meet all requirements.
Closest target:
· PUMP: 1.4 times P/S, 33% MC/FDV
· AERO: 3.4 times, 50%
· JUP: 7.3 times, 51%
· SKY: 16 times, 98%
· CAKE: 15.1 times, 96%
Low-risk options:
Trading platform tokens: LEO, OKB, GT
Almost fully circulating, supported by profits from trading platform buybacks, performs most steadily in bear markets.
High risk, high return:
HYPE: Returns are far ahead, but MC/FDV is only 25%.
Coingecko's new statistics have dropped to 41% after excluding long-term illiquid and burned tokens.
Tradable opportunities:
Focus on governance changes:
Bet on those projects with revenue that haven't opened dividends yet, switch on the 'dividend switch'.
Key focus:
Lido, Meteora, Drift, CoW Protocol
Everything else relies on faith.
Do you believe AI computation will go on-chain?
Do you believe RWA tokenization will continue to grow?
I believe so, but are these tokens the right betting targets?
