Many technical analysts failed today to predict $JUP direction. Which is totally understandable seeing that the secret behind its latest bullish move is purely fundamental.

In fact Jupiter is having its first and most important official community vote on the project's budget, which is happening tomorrow. Nearly 300 000 000 $JUP tokens are locked for this occasion in exchange for voting power, and will stay locked for at least 30 days.

Voters for the period between March 1st , and June 30th will share a reward pool of 50 000 000 $JUP + 75% of the Jupiter launchpad fees. A value exceeding $87M at the current prices, without counting the launchpad fees.
Besides voting rewards, Jupiter still have 3 rounds of airdrops with the nearest coming at January 31 next year.

All reasons for a bullish summer☀️

#Write2Earn #Solana⁩ #Futures_Trading #TradeSmart" #technicalanalyst

Seems that #Altseason2 has already started on #BaseChain as we are witnessing internal fund movements inside the blockchain. Some of the main native projects are flying to the moon already.

Yes it's internal with minor value coming from the outside: Base's total market cap is nearly the same. Base actually acting as a closed economy!

It's interesting to see what happens on such a smaller scale and generalize from there to understand what happens on the whole crypto ecosystem.

This said I think $ETH will have a slight boost within few weeks due to this early "Alts" cycle happening on base, as gains will be probably conducted back to ETH.
#Write2Earn