Multicoin Capital partners say the crypto market has bottomed out, maintaining a positive outlook on SOL, Hyperliquid, and ZEC

Multicoin Capital Managing Partner Tushar Jain stated that the crypto market has bottomed out and entered a turning point, with current market sentiment truly reaching a low. Recent major hacking incidents and other news have not triggered large-scale sell-offs, application adoption rates continue to rise, and prices have become disconnected from fundamentals.

He maintains a long-term optimistic view on Solana, believing that SOL is the correct architecture for spot trading and tokenized securities; he is also optimistic about Hyperliquid's leading position in the derivatives space, currently holding significant positions in both. Regarding ZEC, he mentioned that Multicoin has accumulated a considerable proportion of the supply and believes it represents a return to the "crypto-punk" values of the industry, with the potential to enter the top five by market capitalization.

In terms of position management, he employs a "three-part method": immediately buying one-third, dollar-cost averaging the second one-third, and keeping the final one-third as flexible funds to respond to major declines. After confirming that no hackers exploited the Zcash code vulnerability incident, the team significantly increased their positions.