One week after the #ETHETF approval, the @ethereum ecosystem witnessed a significant inflow of capital, with TVL increasing by approximately 20% to $66.6B.
Furthermore, not only is the Ethereum ecosystem benefiting from this event, but Ethereum's Layer 2s are also seeing substantial gains, with the average 7-day change in TVL for L2s increasing by 10% to 17%.
However, there is a shift in TVL between the early L2s such as @ARB and @Optimism, and the newer Layer 2s.
Let's break down this thread and link to the dashboard 👇
Celebrities and #crypto: Market Trends and Insights
There has been a lot of talk about this recently. However, can you gain any advantage from it? Let's see.
In 2017, several celebrities started promoting crypto projects, especially around September. After this, we saw a strong leg up before the bull market top in December 2017 and the following bear market in 2018.
In 2021, we observed something similar twice: first in February 2021 and then in October-November 2021. Both times, there was a final leg up followed by a significant correction.
Based on this we can conclude that when celebrities start promoting cryptocurrencies, the market usually experiences a final leg up before reaching a local top.
In any case, the sample size is small, and therefore the edge is limited. Nonetheless, it is interesting.
[Calculating investment in $BTC BTC with the concept of monthly savings]
Assume that every month you buy IDR 100,000 of BTC from your salary allocation. Just conservatively, once every 4 years the profit is 200%. The assumption is that it utilizes a 4-year cycle at the end of each cycle, exiting and then entering again at the bottom.
The result: Years 0-4 = IDR 14 million Years 4-8 = IDR 57.6 million Years 8-12 = IDR 187 million Years 12-16 = IDR 576 million Years 16-20 = IDR 1,744 billion
Suppose we increase the savings to IDR 500,000/month? Years 0-4 = IDR 72 million Years 4-8 = IDR 288 million Years 8-12 = IDR 936 million Years 12-16 = IDR 2.8 billion Years 16-20 = IDR 8.7 billion
What if you save IDR 1 million per month? Years 0-4 = IDR 144 million Years 4-8 = IDR 576 million Years 8-12 = IDR 1.8 billion Years 12-16 = IDR 5.7 billion Years 16-20 = IDR 17.4 billion
If you start at 25 years old by saving 100 thousand/month. 45 years old already has BTC assets equivalent to IDR 1.7 billion.
The bigger the investment, the bigger the results. The longer you invest, the greater the results.
Decentralized AI : Q4'23 (3 Months) Main Plays: $RNDR $TAO -- Correction Phase in Q2
Memecoins: Q1'24-Q2'24 (5 Months) Main Plays: $PEPE $WIF -- Continuation Phase in Q2
RWA: Q2'24--?? (2 Months) Main Plays: $ONDO $PENDLE -- Inception Phase in Q2
Memecoin narrative had the longest bullish continuation so far, Decentralised AI narrative had 2 short cycles, and getting ready for third cycle soon..RWA Narrative is at inception phase right now, we could expect correction or continuation in next quarter.