Five playbooks to still make money in crypto: 1. Invest in revenue generating tokens Probably the simplest to execute: just buy tokens where value distribution to token holders (relative to MC) matters most. Some plays: HYPE, TRX, SKY, JUP. Simple but not easy as PUMP despite huge buybacks failed to rally. 2. Narrative trading In previous cycles yielded great returns as crypto was experimental and traded mostly on hype and story telling Now, the market demands revenue and clear PMF but opportunities still exist: ZEC is the biggest win this cycle. I'd put memecoins in this section too as they trade purely on attention e.g., Robinhood memes 3. Yield Farming Yields are compressed and risks due to AI hacking have increased. Still, more sophisticated players can be tradfi returns and emergence of 'vault managers' and Risk Curators make it easy for retail to participate too. 4. Bet on institutional adoption. I believe it's still a trade that takes time to play out as current upside is absorb by equity holders that retail can't access: Circle's IPO is a clear example where retail was left behind. Securitized SPAC is another. Tokens like STABLE (scam) or Canton's CC shows appetite for the narrative. TEMPO & ARC TGEs will be the ones to watch. Also, FLUID just announced partnership with Kinetic to build a permissioned, KYC'd instance of Fluid for institutions is unique as Kinetic will acquire 10% of FLUID on the open market. Tokenization is big part of institutional adoption and I like Backpack's BP here despite the recent pump. Need more ideas for institutional adoption. 5. Airdrop farming... ... has become industrialized for a while now. Still, I bet on successful TGE of Variational's VAR Major catalyst for airdrop revival would be Polymarket. Their TGE could spread beyond CT and juicy airdrops could bring a new retail wave to crypto. --- Any other strategies I missed?(Ignas | DeFi)