In the fast-paced world of crypto, market dips can feel like the end of the bull run. But according to Ram Ahluwalia, CFA, CEO and Founder of Lumida, there might be more upside ahead. In a recent clip shared by crypto journalist Laura Shin on X (formerly Twitter), Ahluwalia argues that risk-on assets still look strong, even as prices bleed.

What Are Risk-On Assets in Crypto?

First off, let's break down "risk-on assets." These are investments that thrive when investors are feeling confident and willing to take on more risk for higher returns. In the crypto space, think Bitcoin, altcoins, and especially meme tokens like Dogecoin or newer viral sensations. Meme tokens are the epitome of risk-on—they're volatile, driven by community hype and social media buzz, but can deliver massive gains in bullish environments.

On the flip side, risk-off assets are safer bets like stablecoins or even traditional bonds, where people flock during uncertainty.

Ahluwalia's take? Traders might be overreacting to short-term pain, missing the bigger picture of economic strength.

Green Shoots Amid the Red: Ahluwalia's Key Points

In the clip from the Bits + Bips podcast (part of the Unchained series hosted by experts including Ahluwalia himself), he highlights several positive indicators:

• No Signs of Recession: Despite fears over the past few months, Ahluwalia sees no concrete evidence. He points to stable initial claims data (which tracks unemployment filings) as a sign the job market is holding up.

• Stellar Earnings Growth: Corporate earnings are "stellar" and "very strong," suggesting businesses are thriving.

• Ongoing CapEx Boom: Capital expenditures (CapEx)—companies investing in growth like new tech or infrastructure—are still booming. This is huge for tech-heavy sectors that often spill over into crypto innovation.

• Strong Q4 Retail Sales Seasonality: As we head into the holiday season, retail sales are expected to surge, boosting consumer confidence and spending.

Put together, Ahluwalia concludes: "I'd say looking forward, things are fairly constructive on risk assets." In other words, the fundamentals are solid, and the current sell-off might be a buying opportunity.

How This Relates to Meme Tokens

At Meme Insider, we're all about meme tokens—the wild cards of blockchain. These assets are hyper-sensitive to market sentiment. When risk appetite returns, meme tokens often lead the charge with explosive pumps.

If Ahluwalia is right and the economy dodges a recession, we could see renewed interest in high-risk plays. Bitcoin might stabilize above key levels (it's been hovering near $100K in recent discussions), pulling altcoins and memes along for the ride. But remember, meme tokens aren't just about fundamentals; they're about narrative and community. Keep an eye on social trends and on-chain activity for early signals.

Of course, crypto is unpredictable. Always do your own research (DYOR) and consider your risk tolerance before diving in.

Why Listen to Bits + Bips?

Bits + Bips explores the intersection of macroeconomics and crypto, hosted by Ahluwalia, Austin Campbell, and Chris Perkins. It's a great resource for blockchain practitioners looking to stay ahead. Check out the full episode on Unchained's website or your favorite podcast app for deeper dives.

Laura Shin, former Forbes senior editor and author of "The Cryptopians," regularly shares gems like this. Follow her on X for more insights.

What do you think—is it time to go risk-on with your meme portfolio? Drop your thoughts in the comments!