With the new hype and protocols joining Sol eco, it still has less protocols compared to base network.
And check catefully its in red for 1day changes, yeah it may continue pumping in 2024 but it still dont change the fact that it still going to dump very hard. Amount of protocols tells alot about how strong and innovative a network is.
Comare sol with just base protocols, that's almost 70 protocols difference and this is not Optimism, Arbitrum with almost 3x plus difference in amount of protocols on the network nor Etheruem with 900 plus protocols.
Layer2s are the real deal guys. I know why am saying this.
A network for memecoins is actually the best name for Solana.
People in their mind thinks history will always repeat thesame thing it's doing, forgeting that crypto is a free market that anyone can decide to pump and dump at anytime, most importantly they forgot that BTC had a very bad moment during the luna and ftx collapse, if not, BTC couldn't have dumped this much.
BTC still been alive after all the catastrophic moment it had shows how strong it currently is.
Am still bullish guys, i follow crowd bht not always.
Most part of Degen trading will surely move to trading influencers and celebrities shares, more revenue to the platform equal to more reason to hold or buy the socialfi token. Memecoins don't have that type of revenue generating feeture. NFTs too, Most games too, but many of them pumped to as high as multi Billion dollars market cap.
DYOR, you may see what am talking about.
If you had listened to my Socialfi podcast on Twitter space, you will understand what am saying.
And for ads revenue, they will generate even more, do you know how much poocoin site generates daily during bsc trend?.
If this people plan well, they are going to earn very big.
Did you know that Cosmos is threatened by Layer2 superchains?
Did you know that Cosmos is threatened by Layer2 superchains?.Abritrum's OrbitZkysnc 's HyperchainOptimism' s Op stackWhere is the threat coming from?.Etheruem's Decentralisation and security that those layer2s are built upon will convince more devs or founders to build independent layer2 chain, dependent or independent superchain.Let me break this down.On Cosmos chain, you can build an independent Cosmos IBC compatible chain that doesn't need theCosmos for it's Decentralisation and security, so also you can build a fully customisable partial dependent (their dependency on Cosmos hub can be temporary, they can chose to exit the Cosmos hub while still using their validators) chain that uses Cosmos hub.On Subperchains you can build your own separate chain that can either depend on Layer1 (Eth or BSc ), Layer2 or the two combined, which means a superchains can easily be more scalable, Decentralised and Secure with the help of Layer2 Scalability and Layer1 Decentralisation and security on Etheruem.But superchain can not exist without layer1 but they can exist without Layer2.Now if you check carefully, you will see that anything you can do on Cosmos, you can still do it on layer2s with superchains.The only difference is that Cosmos chains can be independent in a case where there is no Cosmos, like Cosmos security breach or network issue, in the other hand superchain will also not be affected if Layer2 have any issue (depending on the degree of dependency on the Layer2 upon which it might be built on), but there will be issue on the super chain if the layer1 upon which it was built on has issue.Now let's look at their solutions to know which is better.1. Cosmos hub (180 validators with 10 validators controlling 50% of the network, that 180 can be increased by governance vote) have very lesser validators compared to half a million (500k active validators that anyone can join with minimum of 32 ether), which also shows that Etheruem is Decentralised and secured than Cosmos which also shows that layer2s or superchain can boast of security and Decentralisation vertically.2. Cosmos chains are mostly built around been independent chains, if a cosmos chain is not using Cosmos hub, it means it has to convince people to be validators in their network which is one of the reason many layer1s are still failing today, if they use the Cosmos hub, they are doing what superchains are doing om layer1 and Layer2, which we already knew eth has more security than Cosmos.Programing language barrier? : I don't know of other chains, but Arbitrum stylus is making it possible for anyone to build DApps on Abritrum, Layer2 chains and superchains in any the following programming languages, Rust, solidity, C and C++ with the help WASM (Web Assembly).This is my today's summary on this topic , expect more. If you enjoy this , give me a follow, in order for you not to miss my alphas as my major job here is to make sure I guide people into knowing what to go for and what not to go for and breakdown any complex topics, especially now that we are preparing for the next bull run. Don't forget to also share for others to learn too and give me a like if you love what am doing, this will encourage me to do more.Love you all, cheers ๐๐.$BTC $ETH $ARB
My attention was drawn to this chart, simplicity at the highest peak! Me trading this range will be simple!
Current range is an absolute support. If price is going to reverse upside it will be from this level, because if it breaks here then I expect a run down to 0.032$
MS is still very much bullish, but one thing to understand in this market is patience ๐ Buying at a more discount level is far better than FOMO and buying at higher prices!
Personally, I still think this will drop to 0.21/0.22 level then I will start looking out for long entries if confirmed ๐