I have taken a serious interest in $TON for the remainder of this cycle. It feels a tremendous amount like early $SOL last cycle.
I have acquired some spot $TON & am going to be on the prowl for meme coins & high beta plays to swap into. Let me walk you through it quickly... š
- When asked "How I think the next 100 million people get onboarded into crypto?" I have always responded with "Probably through Apple/Android/Google pay."
- These phone companies have the power to place crypto into the hands of billions of people overnight... Telegram has over 900 million monthly users. I am viewing our smart phones as an L1 & Telegram app is like an L2 test pilot for these smart phone conglomerates.
- Stablecoin MC on $TON has been up only since last month. Stable coin MC & L1 price have a positive correlation. I expect this number to keep growing rapidly this quarter.
I'll let you know what high beta $TON shitters I can find to ride through this cycle. If you know of any, please don't be shy & let me know. Ideally something that I can chart, but not 100% required in this instance because it's a young chain.
People were ready to buy $RNDR at $13Ā Ā And now they're hesitant to buy at $7. Ā RNDR is forming a giant bullish pennant and is currently at support level.Ā Ā AI coins will have another parabolic run this cycle, and #RNDR will be one of the top performers among them šš
šØ "ETH IS GOING TO ZERO" ā that's what everyone's saying.
But I'll prove them wrong.
I dug into the data and what I found was shocking.
š§µ: When & why $ETH is heading to $10K (+ trigger altseason) š
Following the massive success of $BTC ETFs, all eyes are now on $ETH.
Despite criticism and negative opinions, ETH's case is more complex.
In this thread, I'd like to share why you might not be bullish enough on ETH š
A quick reminder of how things went with the $BTC ETF:
ā¢ BTC doubled before the ETF ā¢ Dropped after approval due to selling pressure from Grayscale ā¢ Then, pumped again as inflows > outflows
Yes, it wasn't an easy ride, but BTC has grown a lot since then.
Key Stats of BTC ETFs:
ā¢ $50B AUM accumulated ā¢ $14.5B inflows since the launch ā¢ $4.5B net inflows (excluding delta-neutral flows)
These impressive numbers showed genuine interest from institutions and set a positive trend for other coins.
Soon ETH will take the ETF baton
But, many people believe that this isn't a big event and expect inflows to be 15-20% of BTC.
Due to the 3x difference in MCap, even 15% flows will be a huge success for ETH at the initial stage, and here's why
Many ETF applications have now removed ETH staking from their filings.
As a result, institutions investing in ETH ETFs won't earn passive income from ETH staking.
This move aims to fast-track ETF launches and secure global approval.
However, it's likely that shortly after these ETFs launch, funds will reintroduce ETH staking in their future applications to attract more investors. $ETH has earned many labels over time:
ā¢ "Ultrasound money" for its burn mechanism ā¢ "Internet bond" due to its staking yields ā¢ "Settlement layer asset" because of L2s ā¢ "A better Bitcoin"
Now, ETH eco is the foundation of the current crypto market, trusted by millions.
The incredible breakthrough of a trader, turned into a crypto whale in 5 months!
In the world of cryptocurrencies, smart and persistent investors are usually rewarded. However, there are a few rare exceptions to this principle. Sometimes, individuals manage to succeed by implementing a well-thought-out approach. Discover the success story of this new crypto whale.
From an average trader to a crypto whaleā¦ For many investors, their journey in the crypto world is often marked by bitter failure, and sometimes even complete ruin. Just likeĀ the investor who lost $2 millionĀ in the aftermath of the Silicon Valley Bank collapse.
Fortunately, not all crypto investors experience such stories. Nova, a crypto analyst, revealed on Saturday, May 27,Ā the story of a trader who became a crypto whaleĀ in just 5 months of activity. As a reminder, in the crypto world, a whale refers to a user who holds a colossal amount of a particular cryptocurrency, enough to influence its price.Ā Typically, whales are not individuals but rather legal entities such as institutions, companies, or investment funds. What intrigued Nova about this trader-turned-whale is the fact that he is an average individual. Yes, he is a trader, but just an ordinary one who ventured into cryptocurrencies only in January 2023. At first glance, he had no experience that could justify such a remarkable change in status. So, how can we reasonably explain this transformation within such a short period?
Nova highlights is that the trader strictly follows a simple principle: never hold cryptocurrencies in the long term. Therefore, all the gains made are automatically withdrawn to be reinvested or used for other purposes. Thus, thanks to this profit management strategy, our trader was able to earn over $400,000 in four days! This is remarkable considering his initial investment was only $35,000. Currently, his wallet is worth approximately $578,345, with only $12,000 in losses.
For those of you who say $DOGE is boring - for the most part, you're right.
It's spent ~9.5 years of its existence trending sideways or down. The other 1 year? It had one run that pumped ~6000% from the lows and another that pumped more than 30,000%.
The duration its moved sideways since the last ATH is within a similar range to its previous two sideways ranges prior to breaking out.
Each of those respective moves took ~8-9 months after the halving before they began to pump. We're currently only two months past the most recent BTC halving. With that in mind, it would actually be more fitting to the trend that a real breakout / expansion move doesn't happen until Dec - Feb.
With that in mind, I wouldn't be surprised to see the current bullish trend break lower back to the 8-10 cents range and retrace the February move up that we saw. A similar trend break with a ~30% drawdown and retrace happened in August of 2020, several months before the beginning of DOGE going mainstream and gigasending.
I've been a bit overeager to see Dogecoin catch up with the moves we've seen across the rest of the meme coin market without zooming out and considering previous cycles. I still believe we're in a meme coin supercycle and we'll see DOGE send to $1 - $2. History just says we most likely have a little bit of time left to prep for it before it happens.
Binance was founded in 2017, at a time when the cryptocurrency exchange market was already crowded. However, CZ's unique approach and focus on user experience set Binance apart from the competition. The platform quickly gained traction due to its intuitive interface, low trading fees, and a wide range of supported cryptocurrencies.
User-Centric Philosophy CZ's philosophy of putting users first played a crucial role in Binance's success. He understood that providing a seamless and secure trading experience was essential for attracting both novice and experienced traders. Binance's emphasis on customer support and responsive communication fostered a sense of trust among its users, contributing to the platform's rapid growth.
Innovative Features and Expansion Binance didn't stop at being just another exchange. CZ and his team introduced innovative features to enhance the trading experience. One of the most significant milestones was the launch of Binance Coin (BNB), Binance's native cryptocurrency. BNB offered users reduced trading fees, incentivizing its adoption within the Binance ecosystem.
Moreover, Binance expanded beyond trading. The platform introduced Binance Launchpad, a platform for conducting initial coin offerings (ICOs), and Binance Academy, an educational resource to help users understand blockchain and cryptocurrency concepts.
Binance's journey wasn't without its challenges. In 2019, the exchange suffered a major security breach that resulted in the theft of a substantial amount of cryptocurrency. However, CZ's transparent handling of the situation and the platform's swift response to enhance security measures demonstrated Binance's commitment to its users. Amid challenges, Binance seized opportunities in emerging markets and regulatory-friendly jurisdictions. The exchange expanded its offerings, including futures trading, options, and even a decentralized exchange platform, Binance DEX.