The last time gold and silver had comparably strong rallies was in 2020. Shortly after, Bitcoin ran like 10x, followed by one of the most insane altseasons ever. It might feel hard to imagine right now, but I wouldn’t be surprised if something similar plays out next year. Funny how all the signs are there, yet most people are still in disbelief.

Kind reminder: this is where we are. 2022-2025 was about crossing the chasm. The hardest phase for any emerging industry, where most are failing or give up. We didn’t. The next 5–10 years belong to the early majority: mass adoption, real use cases and deep liquidity. It may not be day one anymore, but the most exciting years in crypto are still ahead imo.

Almost missed this because of the Christmas holidays, but this was big news for Infinex and their upcoming token sale: Public sale participants now get in at $100M FDV, or $300M FDV if you choose an immediate unlock. In my view, that’s an exceptional deal for a few reasons: The first raise, the Patron sale, brought in close to $70M at $125–500M FDV about 1.5 years ago, when the product was still largely pre-launch. We’ve come a long way since then. Patron NFTs have been trading for over a year now, and what’s notable is that valuation has almost never dipped below $300M FDV. In fact, it mostly ranged between $400–600M FDV throughout the year. Going sideways at those levels in 2025 is already an incredibly strong signal, especially when most altcoins are down like –99% over the same period. On the product side, progress has been massive. Speaking as a fully onchain degen, Infinex is genuinely one of the best onchain products I’ve ever come across, and one of the very few I actually use regularly. It solves real problems and delivers real utility. That alone already makes me bullish. What really stands out to me, though, is how the Infinex team listens to the community and adjusts accordingly. At a time when we constantly debate token value accrual, dual token-equity structures, and incentive alignment, it becomes obvious how important founders are who you can trust and genuinely care about their community. Do some research about @kaiynne and you’ll quickly realize this sale isn’t about extracting money. It’s about alignment. He understands the power of a strong, well-aligned community, and nothing is better for a project’s longevity and token performance than giving everyone involved real upside. Prices drive narratives, narratives drive prices. Now, to the critics: I get it. The market has been brutal. Many people are frustrated after losing money chasing low-quality ICOs and extractive projects for quick flips. But directing that frustration at Kain, Infinex, or the upcoming Sonar sale is honestly some of the most misplaced criticism I’ve seen on the timeline in a while. You won’t find many founders more committed to their vision, their community, and Web3 values than Kain. You won’t find many projects building something more important for mainstream onchain adoption through abstraction and protocol aggregation than Infinex. You won’t find many public sales right now with a better risk-reward profile than $INX, especially in this market. Regarding Infinex's adoption, the last 1–2 years were about laying the foundation. Just because the UX feels simple doesn’t mean it was simple to build. Despite that, we’ve already reached solid user numbers and meaningful revenue. Now that the product is mature and truly ready to be sold, I expect those numbers to explode in 2026. At this point, I genuinely think most of the FUD is either engagement farming or emotional venting. It’s hard to believe rational people could overlook one of the strongest public sale setups we’ve seen all year. I would bet a lot of money on $INX being a major success from here. Oh wait, I already am.