What Does Dominance and Price Action Tell Us Before and After the 2016-20 Bitcoin Halving?
$BTC With less than 5 days until the halving, I wanted to share with you a few little statistics about what awaits us. What happened in 2016? What do the numbers tell us about the halving? On July 9, the date of the 2016 halving, the price was in the $650 range. At the same time, #Bitcoin #Dominance had almost complete dominance with 98% $BTC ! What happened after the halving? Approximately 1.5 years (526 days) after the halving, on January 13, 2018, it crashed to #Bitcoin #Dominance 35.41% level and was at $14620 on the same date. On December 17, 2017, when it reached its top, the price of $19666 was about 27 days away. In other words, both the dominance decreased and the price increased.
Three cryptocurrencies that will unlock $50M+ soon:
$$APT 101.1M - 9 days and 16 hours later (2.6% of current supply) $$IMX 55.9M - 11 days 12 hours later (1.72% of current supply) $STRK 76.8M$ - 12 days 12 hours later (5.6% of current supply)
According to #TokenUnlocks data, 3 cryptocurrencies that will be unlocked over $50M next week:
$$IMX 51.6M (after 1 day and 16 hours) - 1.75% of supply $$PYTH 866.8M (5 days 6 hours later) - 141.67% of supply $$AVAX 311.6M (after 6 days and 16 hours) - 2.5% of supply
According to #TokenUnlocks data, the three most recently unlocked cryptocurrencies worth $50M or more are:
$APT 95M$ unlocking (after 1 day and 8 hours) 2.64% $STRK 77.5M$ unlocking (3 days and 14 hours later) 8.79% $AEVO 1B$ unlocked (3 days and 22 hours later) 757.94%
The worst 3 performances of the last month, listed at #Binance in the top 500 based on #CoinMarketCap data:
$TNSR (-61.37%) $OMNI (-54.73%) $AEVO (-52.5%)
All three of them are #Binance #Launchpool project and they perform well below the market in terms of price performance. Either Binance will lose its trust or it will survive by supporting these projects.
According to #DeFiLlama data, the three #DeFi projects with the highest total locked value (TVL) are:
$LDO ($27.15Billion) $AAVE ($9.81B) $MKR ($7.69B)
Note: I did not add #EigenLayer , which has become the largest of the restaking projects, to the list because it has not yet produced local tokens. TVL $14.21B!
Would It Be More Profitable If We Buy Other Altcoins Instead of Buying Bitcoin?
Almost everyone talks about the rise of #Bitcoin . Let's see if other successful and large coins (those with their own networks) have been as successful as Bitcoin. $BTC On November 21, 2022, it dropped to very low levels of $15480 and we were experiencing the bear season. The fact that it has reached its current level since then means a 329% increase.
What if we bought $ETH ? Ethereum, which dropped to $ 1080 on November 21, reached its current level and increased by 197%!
The local coin of the world's largest stock exchange #Binance , $BNB , has increased by 143% from the level of $ 250 on November 21, 2022!
The cost of 1 piece of $BTC , which was around $54000 before 9283868241, became $102093 after the halving!
#Bitcoin , which has generally been priced above the mining cost to date, will need to be premiumized by at least 53% if it rises above the mining cost again!
When I thought I would choose a #DEX project, I sold half of the $AEVO s and bought $UNI .
I sold 25% of the #Uniswap tokens I bought with a 15% profit and bought $VIC with them. I will also exit #Viction by taking a small profit!
LIVE
A Little Trader
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Bullish
According to #CoinMarketCap data, the three cryptocurrencies that performed the worst in the last week:
$ORDI (-40.26%) $UNI (-38.85%) $BONK (-37.75%)
Ordinals, the BRC-20 project, was accompanied by Uniswap, the world's largest DEX platform, and Bonk, the meme token that has lost the hype it had recently gained!
Instead of waiting for a new hype to start in the BRC-20 and MEME token sector, which has suffered a loss of hype, I would prefer a creative DEX project that is a real problem solver, and if I decide to invest, I will use my right in favor of Uniswap.
I sold 25% of the $AEVO s I bought by selling #Polkadot #Tezos and #Algorand with a small profit and bought $VIC . I will come out with a very small profit again. Continue with a budget that I can trade and stay alive in the market!
LIVE
A Little Trader
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Yesterday I sold #Polkadot #Tezos and #Algorand and bought $AEVO with all of them. My goal is definitely not to make #hold .
So why?
Investments should not be made without following the token economies of cryptocurrencies. I also checked the “tokenunlocks” application for $AEVO . There will be more than $2 Billion unlocks on May 15! Therefore, when I get even a small profit, I will run away.
Cardano Foundation CEO Frederik Gregard announced the new era of transformation in decentralized governance.
Frederik Gregard announced that the interim constitution would be published in X.
Making a statement about the constitution, Gregard stated that the constitution is the key point of the governance decentralization process for Cardano.