What should you expect for Bitcoin with today's big FOMC meeting?

Well, look at what happened after our last rate cut in 2020 👀$BTC #Token2049 #BinanceLaunchpoolHMSTR #BinanceLaunchpoolCATI #BinanceTurns7

Free signals

#Token2049 #FOMC #BinanceLaunchpoolHMSTR #FTXSolanaRedemption $MOVR

#SUI/USDT ANALYSIS

SUI has broken out of the descending channel with strong volume, signaling a potential shift in momentum. However, it's currently facing resistance from the Ichimoku Cloud, which has rejected further upward movement.

A retest of the channel's breakout level is possible, and a successful break above the Ichimoku Cloud resistance could confirm the start of a bullish trend.$SUI
#TON #DOGSONBINANCE #PowellAtJacksonHole #SUI🔥

The next time we touch 72-74k region

It wont be rejected like in the past

We will see a breakout to 80k easily

So far 4 rejections, fifth is breakout

#BinanceTurns7 #VanEck_SOL_ETFS #BinanceTournament #Megadrop #Ethereum_ETFs_Expected_Date $BTC

Historically: $BTC rally after halving with new ATH.

But this time it was different. We went down, not up.

Is it over for Bitcoin? Were $73k the forever high?

Here's Why it happened and When will $BTC hit $100k
🧵🔽

The 4th $BTC halving has occurred, marking a unique milestone with significant institutional investment participation ($BTC ETF) for the first time.

Historically, Bitcoin halvings are linked with a notable event — a subsequent rise in $BTC price, typically observed post-halving.

As for the 2024 Bitcoin halving, while it remains to be seen if it will follow this established pattern, there are already noticeable differences.

Since the 1st Bitcoin halving, the rate of new Bitcoin creation has decreased, but demand has continued to grow.

Despite Bitcoin's status as the largest crypto by market capitalization and its pioneering role, it appears to have fewer users compared to the broader financial ecosystem.

According to Technopedia, ~2.7% of the global population is estimated to own Bitcoin as of 2024.

In contrast to previous cycles, where significant price increases typically occurred after the halving, this time there has been notable price appreciation leading up to the halving itself.

We thought post-halving price should be much higher ⇾ We all bought before halving.

One of the notable distinctions of the 4th Bitcoin halving in 2024 is the extraordinary price growth observed before the event.

In the previous Bitcoin halving cycle in 2020, Bitcoin did not surpass its previous ATH of $20,000 until about 10 months after the halving event.

Some experts, like investment researcher Lyn Alden, believe Bitcoin could reach new highs in 2024 due to factors beyond just the halving and US ETFs.

99% of experts still believe in 2024-2025 rally to $100,000 at least.

#CPI_BTC_Watch #SOFR_Spike #ETH_ETFs_Approval_Predictions #VanEck_SOL_ETFS #BinanceTournament

#BTC chart to break on the downside? I know this pattern is for trend continuation and we are in short term downtrend.

But don't worry We have multiple evidences that the market is going up very soon

GERMANY OUT OF BITCOINS

The sell pressure for Bitcoin from big holders is relatively nil. The price saw a dip to $54k support which was backed really strongly by the bulls

INCREASING ETF INFLOWS

Total inflows since July 8 is close to almost 10k for BTC.
While some were selling the ETF news has kept everyone really positive.

BLACKROCK ARE BUYING MORE When such big giants are buying more there is no need to be worried. The recent purchase from #BlackRock is over 2000 Bitcoin

MARKET CYCLE HISTORY

When we speak of the bearish nature of ascending triangle, its worth noting that they can break on the other side especially when other factors are strong

The Market is yet to peak and the long term plans of holders can easily dominate short term

EXTREME FEAR IS BULLISH

When we are in a larger uptrend, the best opportunities are there in short to medium term dips where the fear is the most.

This is the area where big players come in and sell pressure is heavily reduced
BULLISH DIVERGENCE The confirmation of this event last week has been pretty useful in the short term. This signal popped up in October 2023 where #BTC finally made new high after a breakout. Something similar is possible once again

Standard Chart Patterns are there to be taken seriously but we have to understand that they can only give us an idea.

There are multiple factors which play a strong role and we should be aware about them

Follow @CryptoMelo for more

#BinanceTurns7 #BinanceTournament #Megadrop #ETH_ETFs_Approval_Predictions #US_Job_Market_Slowdown

US Elections will send crypto parabolic

52% of the crypto community supports Trump

His vision for the future of $BTC shocked me...

Here's how he will start historical bull run
🧵👇

⚹ Trump’s Victory = Catalyst for the Start of a New Bull Cycle

⚹ Recent statements by Donald Trump about cryptocurrency have caused a stir among the crypto community

⚹ Here are several reasons that prove Trump’s victory in the US elections will trigger explosive growth!

⚹ Why is Trump interested in cryptocurrency?

⚹ Trump has long spoken positively about the cryptocurrency system and its convenience, but...

⚹ “I see more and more people wanting to pay with bitcoins, which is interesting. Some regulation will be needed. I could live with that,” noted Trump

⚹ Regulation, according to Trump, is necessary before the full implementation of cryptocurrency

⚹ At recent conferences, Trump stated that cryptocurrency will play an important role in the “technological breakthrough of the country”

⚹ The overall approval of digital assets by authorities has numerous advantages:

⚹ Trump’s speeches at Bitcoin 2024:

⚹ The politician plans to speak at the Bitcoin 2024 conference, which will open on July 27 in Nashville

⚹ The main goal of the speech is to win over businesses oriented toward the crypto sphere and US citizens

⚹ Earlier, Trump stated that more and more compatriots are using $BTC to pay for goods and services

⚹ Support for $BTC among Republicans

⚹ In June, Paradigm conducted a survey of more than 1000 people on the topic - “Your attitude towards Trump’s ‘crypto future’?”

⚹ According to the survey results, more than a quarter of Republicans (28%) showed interest in cryptocurrencies, investing their money in them

Follow @CryptoMelo for more

#CPI_BTC_Watch #BinanceTurns7 #VanEck_SOL_ETFS #BinanceTournament #Megadrop

$BTC is repeating the pattern of 2020 before the huge growth!

Many factors are affecting the market:

Mt. Gox, Elections, Germany, ETFs, FTX payouts

The recent 26% correction in $BTC made many believe that the growth is over and the cycle has ended

❍ However, looking at the chart, you can see that we are repeating the situation from 2019

❍ Such a correction is normal, and it should be even bigger

But for some reason, many find it insufficient to just look at the chart, thinking that this time it's different, and this happens every cycle

Although there are many negative factors, such as Germany selling $BTC, etc, there are also positive ones

Large Companies Investing in Crypto

❍ Many large companies, like BlackRock, have started to actively show interest in crypto and invest in it

❍ This gives confidence in the future growth and viability of crypto as a market

Big companies definitely know more than we do

Market seasonality

❍ It is a historically proven fact that summer is a period of stagnation, where the market is boring and in consolidation/correction

❍ This happened EVERY summer

This also happened this summer, so it should be seen as a chance to buy at lower prices

CZ is back

❍ CZ has become an iconic figure in crypto

❍ He is no longer the CEO of Binance, but he remains the main association with it

2 months ago, he was sentenced to 4 months of arrest, so he will be released in 2 months

It will have a positive impact on the market

US Presidential elections

❍ The elections turned out to be more predictable, and Trump is winning by a large margin

❍ At this rate, he will win, but what is important for us is that Trump actively supports crypto

This will clearly have a positive impact on the market

Followe @CryptoMelo for more

#BinanceTournament #ETH_ETFs_Approval_Predictions #BinanceTurns7 #Ethereum_ETFs_Expected_Date #Megadrop

This is Rhett Mankind

He launched the first memecoin created by AI with only $69

Now it's a memecoin with $250M mc ($670M mc peak)

Here is a story on how he launched a meme coin using ChatGPT
🧵👇

Rhett Mankind or @rhett is a Digital Art Experimenter, was a little-known influencer

One day, he decided to experiment with creating a meme coin using ChatGPT and $69

Now it turned out to be a coin - $TURBO with $250M mc

Let's dive in
👇
He went to ChatGPT, said he had a budget of $69, and asked it to create the next great meme coin, aiming for a top 300 ranking on Coingecko
The first thing ChatGPT suggested was to create a concept, story, ticker, etc
Among all ChatGPT's ideas, and through voting, TurboToad was chosen
Since Rhett knew nothing about blockchain code, a problem arose

He told ChatGPT that he didn't know anything about coding and literally asked it to write the code for him

Which ChatGPT did

That concluded the first day of creating the token

Ofc, the code had a bunch of errors that weren't fixed even after using ChatGPT, and ChatGPT advised getting an audit

With this, Rhett turned to his community, and as a result, a couple of developers reviewed it and suggested a few updates

But after the launch, a problem arose: "Project over budget and failed on DEX launch."

The first token failed, but community forced him to push forward

He told ChatGPT that his budget was now $0 and it gave him a list of ideas

He decided to shorten the ticker to $TURBO, made a website, and a Twitter account

The next problem was the budget for creating a liquidity pool

With the help of the community, he organized a fair launch where 50 people donated to him for the creation of the token

This resulted in 69 billion $TURBO, 50 holders, and +3.5 ETH (USD $6669)
Waking up the next day, he saw a $10,000,000 market cap, and literally three hours later, it was already $25,000,000 with $6,900,000 in volume
Now it's $250M mc($670M mc peak)

Follow @CryptoMelo for more

#CPI_BTC_Watch #BinanceTurns7 #BinanceTournament #VanEck_SOL_ETFS #VanEck_SOL_ETFS $BTC

𝐖𝐡𝐲 𝐂𝐡𝐚𝐢𝐧𝐥𝐢𝐧𝐤 𝐡𝐚𝐬 𝐬𝐭𝐚𝐲𝐞𝐝 𝐚𝐭 𝐭𝐡𝐞 𝐬𝐚𝐦𝐞 𝐥𝐞𝐯𝐞𝐥 𝐢𝐧 𝟒 𝐲𝐞𝐚𝐫𝐬

Key dates to remember through this thread:
- 25th September 2020 - $9.83
- 11th July 2024 - $12.90

Ready to be shocked?
🧵👇

Without an argument, Chainlink has brought so many benefits to the #crypto space, but even with all these benefits, why is the token price the same after 4 years? 4 years ago from now the #token price was $9.83 and today we do not see much of a difference.

The total supply for #Chainlink is 1 billion tokens, with only a portion of 608 million actually being the circulating supply.

Here is where things get interesting.

September 27, 2020 the circulating supply of Chainlink was at 371 million tokens. Based on the #supply #chart below, we can see that gradually more and more tokens were supplied to the #circulation. Close to half of what the current supply of the token is.

Right after the key date of September 25, Chainlink mooned, prices went to an #ATH of $52.70. This happened on the 10th of May 2021. Now going back to the supply chart, we see an increase in token #supply. From 371 million to 420 million.

After May 10th the supply chart continiues to increase, the actual token price starts to drop at a fast pace. Exactly a year after, Chainlink drops to prices around $7. Although the quick and heavy #drop, token supply continiues to go up.

The only difference in Chainlink is the token supply. With a circulating supply that has doubled within 4 years. The value of each #individual #token has inevitably halved.

Now before you ask yourself why the heck hasnt the price of #Chainlink increased, think of the circulating #supply and what it is at that time.

If you read this full #thread make sure to leave a like and comment your opinion on what you think happened.

Thanks legends, have a great rest of your day

Follow @CryptoMelo for more
🤝
$LINK #CPI_BTC_Watch #BinanceTurns7 #US_Job_Market_Slowdown #BinanceTournament

Germany sold 21,180 BTC in a few days

What I saw shocked me...

Here’s how government plans to trick you
🧵👇

⚹ Recently, the market has experienced a significant correction, with the German government being a substantial source of FUD.

⚹ They hold over $1B in $BTC and have gradually started transferring assets to CEX for sale.

This is quite a comical moment since the German government never invested in $BTC but obtained it through other means.

⚹ These 50,000 $BTC were confiscated from the Movie2k website, dedicated to film piracy.

⚹ The funds were confiscated in January 2024.

So far, more than half of their $BTC , over 25,000, has already been sold through several CEXs:

- Kraken
- Coinbase
- Bitstamp

⚹ It's likely they don't leave unsold funds overnight and send them back to their wallets.

⚹ This event should not be cited as an example of competent people.

⚹ The government's paper hands simply decided not to diversify their treasury, for which they received criticism from their own deputies

⚹ This is market pressure that won't change the global picture

⚹ Very often, the market's reaction to news is much more emotional than the news itself.

⚹ People's emotions don't change, and the $1B figure hits their heads, making them rush to sell, forgetting that $BTC 's market cap is $1.14T.

⚹ Sooner or later, a rapid buyback would inevitably begin.

⚹ Although the pressure is quite amusing to experienced crypto enthusiasts, it has caused emotional swings for others.

⚹ This is a crucial moment in any cycle before global growth.

⚹ The market simply cannot start growing without shaking out weak hands from positions

⚹ Analyzing previous cycles, I can say that this could very well be manipulation by large players.

⚹ Before any global growth, there was a significant correction, knocking people out of the market.

⚹ The current market phase can be described as a Bear Trap.

#CPI_BTC_Watch #BinanceTurns7 #BinanceTournament
#ETH_ETFs_Approval_Predictions

Earning $290M with a $27 investment is easy

You just need to be Christopher Koch

A man who made a fortune by investing in BTC

Read more 🧵

Norwegian student Christopher Koch learned about bitcoin while working on his dissertation about encryption.

To gain practical knowledge, he bought about $27 worth of BTC.
It was 2009.

Bitcoin was not even mentioned until 2008, reacting to the global financial crisis.

The money Koch spent was enough for 5,000 tokens.

Christoph told his girlfriend about buying bitcoins, but she wasn't thrilled and gave him a hard time, thinking it was a waste of money.

"She thought I was wasting money on nonsense", — the Norwegian recalls.

After the successful defense of the thesis, real life began with finding a job and household chores.

Bitcoin was not profitable, and Koch forgot about the purchase and moved on with his life.

At the exchange rate, the value of 5,000 bitcoins was 5 million crowns or 885,000 dollars.

Koch, having completed his doctoral studies, did not sell it all at once and retained his millionaire status.
Koch withdrew 1.1 million kroner for the apartment, leaving the rest of the assets to run.

He checked the account daily, watching it grow by 50,000 kroner.

Every day I logged into the online bank and saw that the account had grown. Plus 50,000 kroner, plus 50,000 kroner again", — laughs the Norwegian.

"Even in my wildest dreams, I could not have imagined that they would soar like this".

I hope you've found this thread helpful

Follow me @CryptoMelo for more

#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #SOFR_Spike #BinanceTurns7 #VanEck_SOL_ETFS

Apple has begun actively investing in the AI sector

Missing out on this is like not buying BTC in 2009!

By 2030, the AI sector will be valued at $2T

Here are 7 tokens that will make 100X
🧵👇

Artificial intelligence is the 2024 theme and is here to stay.

Combining AI and cryptocurrencies could create a trillion-dollar market.

Experts predict AI investments might hit $2 trillion by 2030.

Now's the time to pay attention.

AI x Crypto sector is still in its early stages.

The crypto AI sector is just beginning to take shape, but every major global company will be pouring money into it.

For example, Apple has already integrated GPT-4.0 into the interface of the iPhone 15 Pro in a recent update.

@oraichain | $ORAI

Oraichain is the world's first AI-powered oracle aiming to revolutionize the AI, DeFi, and blockchain industries. It's a data oracle that links AI APIs to smart contracts, enabling new AI-powered dApps.

Price: $10.96
MCap: $176.9M
FDV: $1906M

@real_alethea | $ALI

Alethea AI merges AI and blockchain to democratize AI ownership, ensuring equitable access and benefits distribution through innovative R&D.

Price: $0.016
MCap: $56.25M
FDV: $157.6M

@Spectral_Labs | $SPEC

Spectral lets you use AI to connect online agents with Web3. You can write prompts, which help smart contracts use machine learning.

Price: $9.86
MCap: $103,755,441
FDV: $984M

@ArcBlock_io | $ABT

ArcBlock is a platform for building and deploying blockchain dApps. It bills itself as a complete blockchain 3.0 product platform to build, deploy and manage Apps easily.

Price: $3.21
MCap: $313
FDV: $590M

@verasitytech | $VRA

Verasity is a blockchain eco for trusted digital ads and payments. Features VeraWallet, VeraViews for secure txs, fraud prevention, and 'Proof of View' tech to ensure authentic video views.

Price: $0.0036
MCap: $36.4M

Follow @CryptoMelo for more

#BTC_Bounce_Back_to_57k #BinanceTournament #ETH_ETFs_Approval_Predictions #US_Job_Market_Slowdown #BinanceTurns7 $BTC

Stop for a second and take a look at the chart.

This dump happens every cycle and it is ur last chance to buy alts before they go parabolic.

Here're 10 projects with 100x potential in 2024
🧵👇

NFPrompt is a Web3 tool enabling users to monetize AI-generated content. By leveraging blockchain, it ensures ownership of AI art, empowers creators, and fosters an open NFT marketplace

❍ Price: $0.25
❍ Market cap: $62M

@SleeplessAI Labs - $AI

❍ Sleepless AI is a Web3+AI gaming platform that combines artificial intelligence and blockchain to provide immersive gaming experiences and emotional support through AI companion games

❍ Price: $0.52
❍ Market cap: $102M

@centrifuge - $CFG

❍ Centrifuge is a platform for real-world asset tokenization, offering investors access to diverse assets and providing asset managers with tools to streamline operations and unlock new capital sources

❍ Price: $0.43
❍ Market cap: $213M

@blast - $BLAST

❍ Blast is an Ethereum L2 offering native yield on ETH and stablecoins via auto-rebasing. It provides 4% yield on ETH and 5% on stablecoins, leveraging ETH staking and on-chain T-Bill protocols

❍ Price: $0.01
❍ Market cap: $263M

@Worldcoin - $WLD

❍ Worldcoin aims to create a global identity and financial network, providing proof of personhood and a digital currency (WLD) to increase economic opportunity and privacy

❍ Price: $1.8
❍ Market cap: $501M

Synthetix is a decentralized protocol on ETH and Optimistic Ethereum, providing liquidity for synthetic assets. It uses SNX as collateral for synth issuance, supporting various DeFi applications and derivatives

❍ Price: $1.6
❍ Market cap: $534M

@Ethena Labs - $ENA

❍ Ethena is a synthetic dollar protocol on Ethereum offering a crypto-native dollar (USDe) and the 'Internet Bond.' USDe is backed by delta-hedged ETH and BTC, ensuring peg stability and wide DeFi/DeFi compatibility

❍ Price: $0.4
❍ Market cap: $695M

#SOFR_Spike #BinanceTournament #ETH_ETFs_Approval_Predictions #US_Job_Market_Slowdown

What if Altcoins are exactly where they were in 2020?

Consolidation before the next wave up.
👀🔥

Most people wouldn't expect it.

#BTC_Bounce_Back_to_57k #BinanceTurns7 #MtGoxJulyRepayments #ETH_ETFs_Approval_Predictions #BinanceTournament $BTC $ETH $BNB

This is Tomar Chirag, and he was sentenced to 20 years in prison

He stole $37,000,000 from CoinBase users

He was enjoying the money but got caught due to a basic mistake

Here is his story and where he slipped up
🧵👇

In June 2021, Tomar created a website that imitated Coinbase Pro

Through this site, Tomar obtained login credentials from other users

He then initiated login attempts but could not gain access without the 2FA key

Tomar used social engineering

When users saw a login attempt, they called a fake support service, which then hacked the victims' computers using remote access software

After obtaining the tokens, Tomar used a mixer to obfuscate the transactions and converted the money to cash

This is how Tomar Chirag stole $37,000,000 from ordinary people

But he was arrested at Atlanta Airport on December 20, 2023

He confessed to the crimes and now faces a maximum prison sentence of up to 20 years and a $250,000 fine

Such stories are not uncommon. Statistics show that as the popularity of cryptocurrencies grows, so does the number of scammers

Here are a few security tips that can save you from scams
👇

Check Links

Do not open unfamiliar links

Only use links from official sources

Remember that if you connect your wallet to a scam site, you will lose all your money

Storing Money

The best option for long-term storage is a hardware wallet (like Ledger).

If that's not convenient for you, use decentralized wallets like MetaMask or Trust Wallet.

I don't recommend using CEX for storing your assets.

I hope you've found this thread helpful.

Follow me @CryptoMelo for more.

#BTC_Bounce_Back_to_57k #Ton_Coin_Surge #BinanceTurns7 #SOFR_Spike #ETH_ETFs_Approval_Predictions $BTC

Everyone's heard of Satoshi Nakamoto.

Holder of $70 billion worth of bitcoins.

But why hasn't Nakamoto been revealed yet?

Here's the investigation behind this enigma
🧵👇

October 31 / 2008 A white paper was published in an online cryptography mailing list describing a digital cryptocurrency. This nine-page research was titled "#Bitcoin: A Peer-to-Peer Electronic Cash System".

Jan 3 / 2009

The Bitcoin network was created by mining the starting block of the chain, known as the "Genesis Block".

It contained the first 50 $BTC and a message in the code:

"The Times 03 / Jan / 2009 Chancellor on brink of second bailout for banks."

During these 64 days, a new story relating to the concept of an entirely new type of money was started.

However, if there're not for Sat... We would never have heard about the crypto world.

So, who is behind it?

One thing we know, based on interviews, is that he thought the system out very thoroughly.

"His coding wasn’t conventional" Jeff Garzik, a core developer, wrote.

He didn’t apply the same rigorous testing that you would expect from a classic software engineer.

Attempt to reveal

There have been several people attributed with being or claiming to be Nakamoto.

But none of the claims or proposals have proven to be true.

Dorian Nakamoto, Hal Finney, Nick Szabo, Craig Wright, David Kleiman, etc.

Net Worth

An analysis by Sergio Lerner, an authority on Bitcoin and cryptography, suggests:

— Nakamoto mined many of the early blocks of Bitcoin
— He'd built up a fortune of around 1M unspent $BTC

That hoard would be worth more than $70 billion U.S. dollars as of March 08, 2024.

"If he'd be revealed, $BTC $BTC die"

Some argue that Bitcoin'd not be able to function as efficiently if the identity of Satoshi was revealed.

The arguments for this position would include:

— Decentralization / Focus on Technology
— Trustless System / Fostering Community

#BTC_Bounce_Back_to_57k #BinanceTurns7 #US_Job_Market_Slowdown #VanEck_SOL_ETFS #MtGoxJulyRepayments

This is Do Kwon.

Net worth over $3 billion.

Founder of Luna and UST, whose collapse wiped out $45 billion in one week.

Here's the untold story behind it

🧵👇

Do Kwon is a South Korean entrepreneur known for his work in the cryptocurrency space.

He holds a degree in Computer Science from Stanford University.

Before diving into blockchain, Kwon worked as a software engineer at Apple and Microsoft.

In 2018, Do Kwon founded Terraform Labs.

They raised $32+25M from Binance, Coinbase, Arrington XRP and Polychain.

In 2020, Terraform Labs unveiled the TerraUSD (UST) algorithmic stablecoin, which was pegged to the U.S. dollar.

The stablecoin was backed by the LUNA token, which theoretically helped maintain the stablecoin’s dollar value.

While everyone thought South Korea used UST, Terraform had artificially mirrored Chai transactions on its network to create the impression of legitimate traffic.

Kwon suggested they create “fake transactions that look real,” and promised to “try my best to make it indiscernible.”
Kwon always played his own game and misled people.

Before the crash, he accepted a $1M bet that Luna wouldn't fall lower and even offered a bet that UST wouldn't depeg.
So why did Luna and UST crash?
👇
In May 2022 Terra's Anchor Protocol started reducing the interest rates it provided for stablecoin deposits.

This caused a decline in the number of lenders, who started exiting UST
The burn-and-mint mechanism used by Terra allowed holders to swap UST for LUNA tokens was slow and faced technical issues, with exchanges pausing withdrawals.

This mechanism also led to the dilution of the LUNA token supply, causing its price to drop further.

The depeg of UST from the dollar became bigger as the automated mechanism at Curve’s pool created more discount to incentivize arbitrage traders.

As a result of these factors, UST lost its peg to the dollar, and the price of LUNA dumped.

#SOFR_Spike #US_Job_Market_Slowdown #VanEck_SOL_ETFS #Megadrop
$LUNC

Solana: From a Garage Startup to One of the Largest Blockchains

I researched an interview with $SOL CEO Daniel Albert

The info I found was shocking...

Here is the past and the future of Solana Foundation
🧵👇
Why did Daniel join Solana?

He has been following the cryptocurrency industry since 2017

He joined Solana full-time in 2019

All the co-founders of Solana and most of the early developers, we all came from Qualcomm
Qualcomm is a large technology company; they manufacture chips for mobile phones and mobile networks
Daniel didn't join SOL immediately when he was invited because of his work in Antarctica
But later in 2019, he eventually agreed and entered SOL with 10-12 other people

What was Solana in 2019?

They had a small office in San Francisco, but they worked in Greg's basement during that 1st summer of 2019
$SOL

TX processing and the super-fast consensus that SOL is famous for were already functioning

Firstly they just play with stuff in Greg's house

Then they took it to a data center, installed them in a rack, and this was the 1st physical installation of SOL validators

About parallel execution of TXs

This is the main reason for the high TPS

SOL's consensus mechanism is very different from many EVM-compatible networks

The parallel execution engine allows Sol's environment, which actually processes your tx, to scale with the hardware
When performing tasks in parallel, it simply applies more cores and achieves greater parallelism over time
As long as people use the internet, and Intel, AMD, and Nvidia fight, chips will get faster, and data transfer speeds will increase Solana will always get faster

How meme coins affect the Solana ecosystem?
Overall, meme tokens are a healthy phenomenon
Firstly, they are fun. Solana is simple, fast, and cheap
Secondly, meme tokens create fertile ground for experiments, just like NFTs did
#Megadrop
#SOFR_Spike #US_Job_Market_Slowdown #BinanceTurns7 #VanEck_SOL_ETFS