1. In October 2023, Lido ceased Solana staking due to financial and fee hurdles, leaving approximately $25 million worth of SOL trapped in its smart contracts.
2. Technical intricacies with the unstaking process have led to difficulties for users attempting to retrieve their SOL holdings.
3. Users express frustration over Lido's inadequate communication, which has left them bewildered and disgruntled.
4. Identifying the issue with the withdrawal function is just the first step; rectifying it through Lido DAO may prove arduous and time-consuming.
5. Lido's discontinuation of Solana staking in 2023 initiated a chain of events resulting in millions of dollars' worth of SOL being immobilized, sparking user dissatisfaction and technical challenges.
Michael van de Poppe: A Bearish Outlook
Amidst prevailing bullish sentiments, analyst Michael van de Poppe's recent tweets portray a more cautious stance. On April 1st, he emphasized the critical significance of the $67,000 support level for Bitcoin, cautioning against potential downturns should it be breached. As of April 2nd, Bitcoin hovers around $66,200, notably below this crucial threshold. Van de Poppe's subsequent tweet on April 2nd suggested that Bitcoin's inability to sustain $67,000 confirms a new all-time high at $73,000 from mid-March, hinting at a potentially bearish trend.
PlanB's Optimistic Projection
PlanB, a pseudonymous trader, recently shared his Bitcoin forecasts in a YouTube video released on April 1st. By drawing parallels between historical and current Bitcoin price movements, PlanB highlighted the stock-to-flow model, indicating an inevitable ascent to $100,000 this year. Furthermore, he speculated that the peak of the next cycle might not manifest until 2025, foreseeing a substantial surge beyond $100,000.
CrediBULL Crypto's Cautionary Perspective
In a video shared on Twitter, CrediBULL Crypto outlined potential Bitcoin scenarios before the halving, based on the Elliott Wave formation. While expressing long-term bullish sentiment, he suggested the possibility of a corrective move to a range between $62,150 and $57,200. This caution aligns with another analyst's observation that a drop to $50,500 could trigger significant liquidations, providing a potential liquidity pool for subsequent upward movements.
Robert Kiyosaki's Bullish Assertion
Contrary to prevailing bearish sentiments, renowned investor Robert Kiyosaki expressed optimism about Bitcoin's trajectory. In a March tweet, he announced plans to acquire more Bitcoin before the halving, anticipating a price surge to $100,000 by September 2024. Kiyosaki's confidence stems from his belief in Bitcoin's design and the potential for significant gains by year-end.
Rekt Capital's Analysis: Bitcoin's Pre-Acceleration Phase
Rekt Capital, echoing sentiments shared by analyst Mags, noted historical patterns where dips precede halvings, often serving as bear traps. Presenting a chart snapshot, Rekt Capital described Bitcoin's current phase as "pre-acceleration," suggesting imminent volatility as the halving approaches. Despite temporary fluctuations, this phase hints at a potential climb towards $100,000, reflecting broader market expectations.
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