Description
How To Find Undervalued Assets
Guest: Ivan On Tech, Co-Founder of Moralis Money
Host: Szabolcs Gergely, Podcast & YouTube Host at Morningstar Ventures
Top 3 Key Takeaways:
1. Looking at the time rather than the price is more important to define the start and the end of a cycle
Ivan starts the conversation by going deeper into the “Where are we in the market.” He says that the price still does not convince experienced traders that the bull market has started or that the bear market has ended. Nevertheless, Ivan is bullish now but doesn’t believe we will reach All Time High (ATH) in 2023. Most likely, as we reach the better half of 2024 can expect to see a sideways action for Bitcoin and Altcoins in the cryptospace. He goes on to say until now; the market respects the timing of cycles – as we see the same price action as in 2019. Therefore, looking at the timing rather than the price is more important. He says we are right on time in the cycle, which is the only thing that matters.
2. The Best way to prepare for the Altseason is to familiarize yourself with different chains, dApps, and DEXs
The conversation moves on to Altcoins. Ivan stresses it is hard to predict when the Alt season will start. There are excellent returns on Altcoins at the moment, but these gains are nowhere near the whole Alt season we’ve seen in the past. He continues to say the best way to prepare for the Alt season is to familiarize yourself with different chains, dApps, and DEXs so that when the market pumps, one has their wallets set up and is ready to go without wasting time or feeling rushed to research the spot. If you wait, you might just be too late. This is not the time to go all in on Altcoins, but it is time to pay attention and learn as much as possible.
3. Moralis Money platform can show users on-chain analytics and highlight assets that are in demand before they hit social media
Ivan explained that his view on assets has shifted. The main focus should be supply and demand if you are looking for undervalued assets. You can’t find undervalued assets on Coingecko or Twitter. By the time they start trending on these platforms, it’s too late – they aren’t undervalued. That is why his team developed Moralis Money, a platform where users can find assets with increasing demand before they hit social media. He goes on to say that the platform is easy to use, where one can focus on finding new tokens, use only a few filters that appeal to your strategy, and pay attention to the risk-reward in terms of potential rug-pulls, which are not rare in a pool of newly listed coins.
*Nothing in this recap or the audio file constitutes professional and financial advice from Ivan Liljeqvist (aka Ivan on Tech) and Morningstar Ventures.
Link:
Websites: https://moralis.ioTwitter: https://twitter.com/moralisweb3
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