State of play for ownership coins

A look at each vetted launch and what the current outlook is like for them:

$Umbra - Mainnet imminent, some sell the news leading to it as well as general weakness of ownership coins given the weakness in $Avici which has been acting as the leader.

Currently trying to form support after a 50% correction, I’d say anything from $1.1-1.25 should prove be excellent value given there’s lots of catalysts ahead still for umbra from now till Jan with their mainnet going live, partnership announcements and arcium going live.

$Avici - The established leader of ownership coins, this was in a sustained uptrend for 3 weeks before its recent 60% move down. General market dynamics mean a correction was due and it’ll need some time to consolidate now in my view. Is it done though? Absolutely not. Still a fundamentally strong project with lots to come, it will run again but some consolidation is required to bring in new holders and cycle out old ones who literally had up only for almost a month. I’d like to see clear support formed and some ranging.

$Omfg - The clear outperformer of the ownership coins right now, displaying some crazy strength and chart wise drawing similarities to $Avici during its first run up. Succession of higher lows and higher highs, with the reason being that their mainnet launch is v close.

What’s particularly impressive about this run is how uncrowded this trade is. We’ve seen the other coins in this post mentioned often on the tl the last few weeks but in comparison this has had very little mention. This is v bullish ofc and tells me this is going higher as there’s lots of potential buyers.

Backed by Paradigm and Colloseum the potential is seriously high for @omnipair if team executes well. Several teams in the space have told me in they are v impressed by the team, and their product is certainly an innovative one too. New highs likely.

$Solo - A few unsuccessful efforts to break $1.2 convincingly means this needs to build from lower down before going higher. Another project with big potential and one I’m sure will go higher, what id personally like to see is more specific timeframes from the team regarding upcoming catalysts. Additionally tvl is being upped in a layered approach which is possibly holding it back right now. Once timeframes around catalysts are clearer and tvl continues to rise, I’m sure this will reprice higher.