22 Jul, 2024

The thesis below presents a bullish case for $AZUR. We view in Azuro an attractive buying opportunity to capitalize on the fleeting mindshare around prediction markets and get exposure to this growing sector in crypto.

Source: Kaito.ai – We expect to see increasing mindshare on the topic of prediction markets followed by positive sentiment directed towards the few liquid tokens that offer exposure to this market sector.

During times of political polarization and heightened social rhetoric, prediction markets are the purest manifestation of a free market – taking free speech as input and giving sentiment indicators as an output that helps reveal the truth. Most recently, Polymarket’s recognition by mainstream media for election probabilities underscores its effective product-market fit, cutting through misleading narratives pushed by media and opinionated information sources.

Source: Kaito.ai – Mentions and engagement around the topics of prediction markets have been heating up and accelerating as we approach the US elections.

In order to act upon this opportunity, we look to cash in on liquid tokens belonging to protocols that generate substantial revenue and that can experience growth beyond short-lived narratives – a compelling investment requires more than just acting as a simple proxy to the market leader. With over $400M in volume and more than $4M in total revenue, we believe that $AZUR presents a convincing risk-reward profile despite the token only being tradeable for approximately a month.

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