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RollerKokester
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Fam Hear me out on $Brett Okay, see it for yourself 👀 and it just broke the bottom barrier on the 4H chart. If it quacks like a duck 🦆 It’s a Short Season 🩳
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With the arrest of Pavel Durov at the Le Bourget Airport in France 2 days ago, the inevitable tank of linked assets followed with both $TON and $NOT seeing sharp declines. #Ton is approaching the bottom end of its trading band that it’s formed over the last few months. Breaching the bottom end will create new price discovery opportunities and possibly an opportunity for short sellers. The 4-Hour chart shows some resistance as it’s approaching the bottom end of the band. Trade with Caution and after DYOR. Sentiment: Undecided 🤷♂️
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Fam, I know that you are all waiting for a sign to jump in but i hope you choose your entry point at the right time because as @Ben Walther always says, wait for Confirmation on the daily chart. Yesterday we got confirmation but it dipped again so wait for double confirmation (2days) Fam… Personally I’m waiting for 2 days confirmation above 61k
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I came across this article by @Ben Walther in which he argues that Utility Tokens will outperform Meme coins in the Long Run. My thoughts on this are as follows: I strongly agree that Utilities will Outperform Memes as suggested. Economic Theory has shown this numerous times with the rare exception of things like Art works. Another point to consider is that as the cryptocurrency market matures, there is a growing expectation that regulatory scrutiny will increase. Utility tokens, which have a clear purpose and are often tied to the operations of a legitimate project, might be viewed more favorably by regulators compared to meme coins, which could be classified as speculative and high-risk assets. This increased regulation, which will invariably happen, may lead to a consolidation in the market, where projects with strong fundamentals and clear use cases are more likely to survive and thrive. Utility tokens that are part of widely adopted platforms or ecosystems may also benefit from “The Network Effect”, where the value of the token increases as more people use the platform. This can lead to sustainable long-term growth. Meme coins, on the other hand, may struggle to maintain value as they rely on continuous social media-driven interest, which can be fickle. But then again there is also the DEGEN culture 😵💫
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Some great insights on what may be coming for meme coins…
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