1. A strong hopium dose for those who regret missing out on recent growth waves. 👇
The reality is that TOTAL2 still needs to increase by over 40% to reach its ATH from 2021, and we are currently approaching the #Bitcoin Halving 2024 (orange line).
The growth potential after the Halving can be referenced to the first orange line, which represents the Halving 2020 zone.
The extent of the money rocket 🚀 this season can only be accurately answered with time. (I drew the $5000b mark just for illustration, considering a modest increase based on the previous cycle)
2. 🔥 With major catalysts in 2024-2025, such as
- The explosion of #AI Countries and major corporations driving the development of AI, applying Blockchain, and expanding products/services in the Web3 space.
- ETFs unlocking traditional money flow.
- FED starting to cut interest rates and implementing QE, with spillover effects on major economic sectors.
- Mr. Trump comeback? 👀
- "Spiritual" factors indicating that 2024 is the year to go all in spot 😂
...
and some other "injection" batches yet to be unsealed :))
Do you think the growth wave from 2023 until now can be called massive? Absolutely not yet!
It's merely the beginning.
Will this bull run only stop at the end of 2025 like previous cycles, or will it continue to extend into the following years to break the 4-year cycle pattern❓
With the current parameters, any prediction is merely speculative; all we can say is "sky is the limit" 🤷‍♂️
3. In conclusion
History serves as a reference, while the future is painted by the bookmakers
Our task is to prepare well and be ready to ride the upcoming "tsunamis," avoiding being swept away by margins and futures before reaching the vast ocean and finding our own One Piece.
Wishing you peace and great success, my friends! 🙏
#TrendingTopic #BTC #Layer2 #DENCUN
$ETH $SOL $NFP

Sooo, something new & exciting for all the Ethereumheads!

Ethereum developers have finalized the set of changes for the upcoming network upgrade known as "Dencun."

Alright. What’s that?

The upcoming upgrade, set to occur later this year, introduces five Ethereum Improvement Proposals (EIPs) aimed at expanding data storage capacity and reducing fees.

Most essential aspect of this upgrade is known as EIP-4844.

Popularly referred to as proto-danksharding, this might be a real game-changer.

It will enhance blockchain scalability by creating additional room for data "blobs." 

Consequently, this expansion is expected to result in reduced gas fees for layer 2 rollups.

Well, doesn’t it feel nice to, at least, read that the gas fees are not going to keep on rising… forever?

While an exact date for the hard fork has not been specified, it is anticipated to be implemented before the conclusion of 2023.

The upgrade encompasses simultaneous enhancements occurring on both the execution layer, where the protocol rules are located, and the consensus layer, responsible for validating blocks.

The execution layer upgrade, called "Cancun," will take place alongside the consensus layer upgrade, known as "Deneb." The term "Dencun" is a combination of the two upgrade names, signifying their simultaneous nature.

Well, you gotta give it to the Ethereum team, they do have a way with naming things.

BUT. There’s one ‘but.’

In general, we won't be expecting low fees on the main network. Which… sucks.

TL;DR: Ethereum's upcoming "Dencun," with a focus on expanding data storage and reducing fees is expected to be activated later this year. The significant feature, EIP-4844 (proto-danksharding), aims to enhance scalability and decrease gas fees for layer 2 rollups. However, it's important to note that these improvements may not lead to consistently low fees on the main network.

#ETH #Ethereum #DENCUN #crypto2023 #ETHDENVER