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rh eco update
$CASHCAT in price discovery
I think thesis building is slowly taking shape, more and more whales are building conviction and positions, with plenty of catalysts still left. Speculation drives price.
Memes like $JUGGERNAUT $HOODRAT $TENDIES in bullish pattern dynamics (falling wedges/bull flags)
I expect them to break out one by one and rally higher, some should establish themselves as the leading memes on the chain. There are still no ceilings.
$ARROW still leads the utility sector, clean falling wedge BO, could trend higher.
Regarding virtuals x agentic utility coins, since $VEX sold off after pumping 40x nonstop, $NAVEN, $VENA, $MLY and others are also crashing hard after yesterday's speculative pumps. VEX is now trading in a bullish pattern (falling wedge), so I think the short term traders who had no idea what was going on will slowly get replaced by people actually doing their research. Classic early eco rotation dynamic, everyone's still trying to find their positioning. There's no real positioning there yet, capital's waiting for more clarity before forming a bullish thesis.
The coming days should show what's vaporware and what gets bids on actual developments. Still very few projects out there, so keep your eyes open for new launches, especially on the RWA side.
I expect the entire eco to gain more traction soon.