On the second day of October, let me share some thoughts I had yesterday.
First, let me summarize: in October, I will fully dedicate myself to the prediction market.
I will give up any animal/political memes.
This is a sector that has rarely been genuinely speculated on by funds; real speculation should be like the Perp track, with the same level of funding enthusiasm and the capacity to accommodate huge amounts of capital.
Why the prediction market? Why is it uniquely romantic on-chain?
Polymarket is about to relaunch in the U.S.: the world's largest prediction market platform, Polymarket, plans to reopen to U.S. users in a few days, marking its first return since the CFTC ban in 2021. The platform is in the final preparation stage, making its return to the U.S. market for the first time in three years.
This is explosive good news, but the market suffers from a lack of corresponding tokens to genuinely reflect market sentiment, ultimately leading to a preference for the leading tokens on-chain.
The prediction market on CEX will only kick off after high-volume prediction markets issue tokens. The launch on CEX will begin then, but on-chain tools will start earlier, with limitless leading the way on October 25. It is expected that the entire sector will reach its peak in November. Currently, the prediction market lacks a leader to anchor the relevant market value. If limitless breaks this ceiling, funds will FOMO in, and right now, it's just the appetizer; we might see many on-chain tools emerging with 50-100M.
Fun fact: Currently, there are no new prediction market-related tokens on CEX, which means the on-chain space is filled with new diamonds! If you have the ability, go for it!
The market will definitely reprice good products; I firmly believe this! In a favorable wind, even pigs can fly, so believe in what you believe!
I have also been deeply involved with limitless @trylimitless!
See you in November.
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