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DESMOND BABILA
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Bullish
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1h Chart just hit extreme greed on #Fomoed.io
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DESMOND BABILA
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Why are other companies not holding #BITCOIN The reason is "the old accounting method", LET ME EXPLAIN Let's say a company bought 100 BTC at $67,000 each. if BTC drops to $60,000 and then pumps to $68,000 The company still need to report it at $60,000 ( the lowest price in the reporting period ) So basically, they will have to show it at a loss even if it's in profit. This makes their earnings weak and affects their share prices. BUT very soon, this will completely change. From DECEMBER 2024, the FASB rule will be implemented, which will allow companies to report the value of BTC base on it's level of the given exchange at the end of the reporting period. Right now S&P 500 companies are seating on a 2.5T in cash and cash equivalents. which will depreciates in value with inflation. I'm wondering if the is an asset which is inflation resistant, limited in suppy and also called digital gold? #BTC
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Murad who is popular known as the memecoin jesus continually updates his list of top 10 memes he believes in for this cycle. Yet another updates to his list. This cycle will see a memecoin race to $10B MC. many believe about 10 memecoins will reach this milestone. the community sentiment is supportive of that fact, However knowing those position 10 memes is as difficult as finding a needle in a halestake. i have given my topic pick in the possible 10. #WIF . Do you believe in this at all? And which memes are your pick?
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#WIF ? What comes to your mind when you hear of it? unfortunately i am not holding any WIF but then I'm documenting the journey of #WIF in this cycle because i believe it will be one of the best performing meme on SOLANA this cycle, if not the best. standing at 35th in the current Crypto rankings by market cap, i am expecting to see it between 15-20 place in MC by March next year. Again #WIF have an incredible cult like community who are building non stop and i think it is still early to enter the #WIF project. if you are looking for a meme. Research on #WIF . in the days ahead, i will be sharing some mind blowing facts about WIF. FOLLOW to stay in touch No financial advise. DOYR
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This memecoin #supercycle will be massive. if you believe in memes, pick a good one and hold on to it. make sure it has a cult like community. My pick is #WIF . Drop your pick in the comments . No financial advise .DOYR
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Guys, Sui is very "BULLISH". if you are holding Sui please drop your opinion about this project as it breaks into the top 20 Crypto by Market Cap with only SOLANA beating it with daily transactions on the network in the past few days. Sui is building and it is very impressive 📈
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