Some argue that Solana (SOL) is overrated due to the hype surrounding its scalability and speed, which often overshadows its shortcomings. While Solana boasts a high transaction throughput and low fees, critics point out several concerns that question its long-term reliability:
Centralization Issues: Solana's network relies heavily on a small number of validators with significant hardware requirements, leading to concerns about centralization. This undermines the core ethos of decentralization in blockchain technology.Frequent Outages: The network has faced multiple downtimes over the past years, raising doubts about its stability and ability to handle increased traffic during peak periods.Overhyped Scalability: While Solana offers impressive transaction speeds, critics argue that the trade-offs in decentralization and security make it less robust compared to competitors like Ethereum or Avalanche.Valuation Disconnect: Despite these challenges, SOL's market valuation often exceeds what some believe reflects its actual utility and adoption.
While Solana has strengths and a loyal community, these issues highlight the need for caution and critical evaluation before overvaluing its potential in the blockchain ecosystem.

$SOL #SOLANA

The questions arise: Why are they doing this and What will happen to BTC?
I spent ~10 hours researching all the data and found smth shocking...
Here is what it means and what's going to happen🧵👇

2/➮ Yesterday, BlackRock transferred 100k BTC to other wallets
🕷 There are 2 possible scenarios:
- BlackRock is selling
- Manipulations
I did some research to dive deeper into the issue and fully understand what is going to happen:
3/➮ BlackRock is selling?
🕷 If you don't believe in this scenario, it's a mistake because BlackRock is sitting on huge profits from its $BTC
🕷 This could be their move, but after researching, I realized it closely resembles the Mt. Gox situation
So here's what will happen next

4/➮ Everyone remembers the $9B Mt. Gox and Germany $BTC dump that took the price from $70k to $50k
🕷 But those who understand the market know that $20B in daily exchange volume can’t dump that hard from just $9B
🕷 All of this happened due to panic and regular retails

5/➮ Also, considering that retails have strongly believed in crypto and the bull run recently
🕷 They started investing at ATH in many high-cap alts that pumped, like $XRP, etc
🕷 This is the perfect time to shake weak hands out of the market
➮ Overall, my recommendation rn is to stay out of the market, whether you have a position or not
🕷 This isn't the best time to enter the market
🕷 Holding or taking profit (depending on your R/R) has always been the best decision
/➮ It’s also important to know that BlackRock can have twice the impact compared to Mt. Gox and Germany combined
🕷 That’s why I recommend staying on the sidelines and just watching what happens

If you enjoyed, don’t forgot to share, like and follow me !

#Altcoinseason2024

Elon Musk, the SpaceX and Tesla CEO, made an indirect reference to $PEPE (PEPE) on Tuesday morning DEC 10. The mention made the meme coin price move positively.

Following the reference, the asset surged 2.3% after the social media tag. The crypto currently has a market cap of $10.67 billion and its trading volume rose by 78.34% over yesterday.
In Tuesday’s post, Musk mentioned PEPE, and so far, the tweet received 517.8k views at the time of writing. The post shows Elon Musk’s explosive influence on the crypto market.

Elon Backing Pepe

The Twitter feed comes after some crypto analysts recently predicted that Elon Musk was secretly backing Pepe. In late November, crypto analyst Chandler Bing talked on his x account about Musk’s social media activity supporting the token.

In another post, Chandler stated that Musk’s behavior reflected what the tech billionaire did for Dogecoin in 2020 when his tweets about the meme coin sent the asset to rise tremendously. In 2021, Musk publicly said he was a Dogecoin investor. Late last month, Dogecoin surged remarkably following Elon’s appointment to lead the Department of Government Efficiency (DOGE).
Today’s tweet shows Musk’s public declaration about his support for PEPE, making Chandler’s X posts factual. In the past, Musk officially disclosed his investment in Bitcoin and Dogecoin.
Pepe skyrocketed its value following the indirect support because Elon has massive influence and has millions of people following him on social media.

PEPE price movement
Of late, Pepe’s price has been impressive. PEPE is up 24.10% in the last seven days, meaning that the meme coin is outperforming the global digital asset market which is down 1.00% currently. In the last 30 days, PEPE is up 121.5%, outperforming Dogecoin and Shiba Inu’s 30-day price surge, recording 80.3% and 20.4% respectively, at the time of writing.
PEPE reached a new all-time high of $0.000027 on Sunday night December 8, hitting a market cap of $11 billion for the first time. As a result, Pepe has become the 19th largest cryptocurrency globally, overtaking Bitcoin Cash and Uniswap.
PEPE’s surge has been attributed to its rising demand. In the last four days leading up to December 10, the coin witnessed an increase in new wallets, with 13,030 new addresses created. The uptrend momentum reflects a positive market sentiment, which could go beyond short-term speculation. The token could acquire sustained interest from new market participants.
The asset’s uptick movement was also triggered by recent FOX News business discussions, which talked about BTC and PEPE as great investment vehicles. PEPE’s incredible price growth has also been accredited to whale activity.
Late last month, PEPE rose tremendously by 250% due to an indirect endorsement by Elon Musk following the appointment of the popular billionaire to lead the DOGE. Musk’s assignment to spearhead the government’s department not only created increased user attraction to Dogecoin but also other popular meme coins like PEPE. 

🚨 Bitcoin Analysis: Why BTC is Dumping and What’s Next?
Hey traders,
$BTC #BTC☀

Bitcoin is making wild moves, and it’s no joke. We’re seeing BTC test critical levels, and a lot of liquidations are happening across the board. Let’s break it all down with the chart analysis you need and actionable insights so you don’t get wrecked.

BTC Chart Breakdown
🔵 Channel Boundaries:
Bitcoin is trading in an ascending channel (marked in blue). The price is currently bouncing between these lines.

🔴 Bearish Danger Zone:
If BTC fails to hold the $95,000 zone, we might see a nasty drop to the red support block at $85,000.Breaking this level could trigger more panic selling.
🟢 Bullish Recovery Path;
On the flip side, if BTC bounces and holds support near $97,000, we can expect a retest of $104,000-$105,000. That’s where we’ll see some major resistance.
Why is BTC Dropping?
1️⃣ Leverage Liquidations:

Over-leveraged traders are getting wiped out. When BTC dips, it triggers stop-losses and liquidations, creating a domino effect.
2️⃣ Whale Manipulation:

Whales are taking advantage of the hype and retail FOMO. They’re pushing prices down to shake out weak hands and buying back at lower levels.
3️⃣ Macro Concerns:

Economic uncertainty and global markets are putting pressure on crypto. When confidence drops, even BTC isn’t safe from sell-offs.
What’s Next? (Scenarios)
🚩 Bearish Case:
If BTC breaks below the red support zone at $95,000, it’s game over for the short term. Expect a drop to $85,000, where major buyers might step in.
🚨 If Support Breaks Further:
If BTC loses the $85,000 support, things could get ugly. The next strong support is far below, possibly near $75,000 or lower. A break like this would signal a larger trend reversal, so tread carefully. This could create a massive panic in the market, with more liquidations and selling pressure driving the price down fast.

🚀 Bullish Case:
If BTC bounces off the current level and moves above $104,000, the bulls will gain momentum. Breaking out of the ascending channel could take us to new highs.
How to Trade This?
1️⃣ Be Patient:

Don’t rush. Wait for a clear signal, either a bounce or a breakdown.

2️⃣ Key Levels to Watch:

Support: $95K, $85K, $75KResistance: $104K, $110K
3️⃣ Risk Management:
Keep your stop-loss tight. Only risk what you’re willing to lose.Avoid high leverage in this volatile market.
My Opinion on BTC Right Now
This is a shakeout. Whales are cleaning the market of weak hands, and they’re targeting stop losses. My advice? Hold your positions or wait for clear levels before entering trades. If BTC drops to $85K, it’s a buying opportunity. If it bounces here, we’re heading for a retest of $104K+. But remember, if $85K breaks, we could see major panic selling—stay cautious!
PLEASE TAKE RISK MANAGMENT
Final Thoughts

The market is tough, but this is where smart traders win. Stick to your plan, manage your risk, and don’t panic. BTC is still in play, and the big moves are coming. Stay sharp, fam, and let’s ride this wave together! 🚀
$BTC #Write2Earn!

I’ve been holding since ~$25K, and I’ll only buy back below $40K.
Here’s why and what’s coming next:
- Alts will pump hard soon
- BTC will now move sideways
- The bull cycle will end in October 2025
Here’s why I believe this will happen 🧵👇

2/➫ it’s been a fun journey with dozens of mistakes, selling and buying all the way from the FTX bankruptcy
At the moment, I have sold all my BTC and I’m not planning to buy back until $40k-$30k
Here is why I’m doing this and my brief market research:

3/➫ Firsty, the mistake many ppl make is that they want to hold
I don’t want to, I’m here to trade cycles and stick to my r/r plan
Rn, the r/r for BTC is around 15-20%
This is not interests me
After all, what’s the point of risking 300% profit for just an extra 15%?

4/➫ Bull Run Duration and BTC expectation
BTC had its 2nd run from $31k to $73k, a new ATH before the halving
In previous cycles, BTC reached its ATH after the halving
Cause of this, many retails thought the bull run would start right after it
But we’re already in it

5/➫ This is a typical market model that shows the top earlier than most expect, and then grows after a correction
The same was in previous cycle:
Everyone believed that $BTC would go to $100k, just like now they think it will go to $150k
I remember that sentiment, which is why I am confident about this

6/➫ But don't rush to sell everything you have, because the altseason is still ahead
BTC won’t drop to $40k in a minute, and as soon as it moves even slightly sideways, dominance will start to fall
At that point, the biggest altseason ever will likely begin

7/➫ The main thing to do is to stick to the right narratives
Since the AI narrative hasn’t really shown its full potential in this bull run yet, it means it will likely go up as one of the 1st
The same could happen with DePin, RWA, etc.
The main question remains: when will the bull cycle end and when should we take profits?

8/➫ Crypto is cyclical, and it shows this every time
According to the cycle, BTC should hit its top in Nov-Dec 2024
That’s what happened, and the bull run according to this same cycle will end in Sep 2025
Rn is the best time to accumulate alts with 100-200x upside
Here is why:

9/➫ In 2017 the bull market peaked exactly 29 months before the halving
In 2021 it did the exact same thing
And even now in 2024 it did the exact same thing
If any of you still think this could be a coincidence..
Keep reading:

10/➫ Both the 2018 and 2022 bear markets lasted exactly 12 months
At the same time, it's not just the numbers that are similar, but also the percentage of the drop in these bear markets
In the 2018 market, Bitcoin retraced 84%. In the 2022 one, there was only a 77% retrace

11/➫ In the last 2 cycles, BTC broke its ATH 7 and then 8 months after the halving
The same happened in 2024, and now, just like in previous cycles, the altseason should begin
Each bull run lasted 9, 9, and 11 months
This one will be the same, meaning the peak around Sep 2025

12/➫ This thread will help you position yourself correctly now and understand where you are in the cycle
The main advice remains: Taking Profit
Throughout the bull run, you need to keep this in mind
Cause it's better to miss out on 10-15% profit than to go down 90% in losses

➫ I hope you've found this thread helpful!

Dont forgett to like share and follow me ✅

#Altcoinseason2024 #bitcoin $BTC

I’ve been holding since ~$25K, and I’ll only buy back below $40K.
Here’s why and what’s coming next:
- Alts will pump hard soon
- BTC will now move sideways
- The bull cycle will end in October 2025
Here’s why I believe this will happen 🧵👇

2/➫ it’s been a fun journey with dozens of mistakes, selling and buying all the way from the FTX bankruptcy
At the moment, I have sold all my BTC and I’m not planning to buy back until $40k-$30k
Here is why I’m doing this and my brief market research:

3/➫ Firsty, the mistake many ppl make is that they want to hold
I don’t want to, I’m here to trade cycles and stick to my r/r plan
Rn, the r/r for BTC is around 15-20%
This is not interests me
After all, what’s the point of risking 300% profit for just an extra 15%?

4/➫ Bull Run Duration and BTC expectation
BTC had its 2nd run from $31k to $73k, a new ATH before the halving
In previous cycles, BTC reached its ATH after the halving
Cause of this, many retails thought the bull run would start right after it
But we’re already in it

5/➫ This is a typical market model that shows the top earlier than most expect, and then grows after a correction
The same was in previous cycle:
Everyone believed that $BTC would go to $100k, just like now they think it will go to $150k
I remember that sentiment, which is why I am confident about this

6/➫ But don't rush to sell everything you have, because the altseason is still ahead
BTC won’t drop to $40k in a minute, and as soon as it moves even slightly sideways, dominance will start to fall
At that point, the biggest altseason ever will likely begin

7/➫ The main thing to do is to stick to the right narratives
Since the AI narrative hasn’t really shown its full potential in this bull run yet, it means it will likely go up as one of the 1st
The same could happen with DePin, RWA, etc.
The main question remains: when will the bull cycle end and when should we take profits?

8/➫ Crypto is cyclical, and it shows this every time
According to the cycle, BTC should hit its top in Nov-Dec 2024
That’s what happened, and the bull run according to this same cycle will end in Sep 2025
Rn is the best time to accumulate alts with 100-200x upside
Here is why:

9/➫ In 2017 the bull market peaked exactly 29 months before the halving
In 2021 it did the exact same thing
And even now in 2024 it did the exact same thing
If any of you still think this could be a coincidence..
Keep reading:

10/➫ Both the 2018 and 2022 bear markets lasted exactly 12 months
At the same time, it's not just the numbers that are similar, but also the percentage of the drop in these bear markets
In the 2018 market, Bitcoin retraced 84%. In the 2022 one, there was only a 77% retrace

11/➫ In the last 2 cycles, BTC broke its ATH 7 and then 8 months after the halving
The same happened in 2024, and now, just like in previous cycles, the altseason should begin
Each bull run lasted 9, 9, and 11 months
This one will be the same, meaning the peak around Sep 2025

12/➫ This thread will help you position yourself correctly now and understand where you are in the cycle
The main advice remains: Taking Profit
Throughout the bull run, you need to keep this in mind
Cause it's better to miss out on 10-15% profit than to go down 90% in losses

➫ I hope you've found this thread helpful!

Dont forgett to like share and follow me ✅

#Altcoinseason2024 #bitcoin $BTC