El Mitico
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The "Altseason" index from CoinMarketCap is extremely low, I don't think it will stay like this for much longer. Especially considering that we are in a Bitcoin Bull Market and Global Liquidity keeps breaking records.
It is imminent that Altcoins will have to explode soon. Just imagine if the Altseason index goes at least to 50/100, do you know the numbers that some Alts will be handling? It's going to be fantastic.
It is imminent that Altcoins will have to explode soon. Just imagine if the Altseason index goes at least to 50/100, do you know the numbers that some Alts will be handling? It's going to be fantastic.
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I have been analyzing the current situation of ETH and we have things against and in favor.
Against:
- Slow and Expensive Network
- Inflationary (approximately 0.75% annual)
- Has not surpassed the highs of 2021
- Poly Markets estimates there is only a 17% chance it will reach a new ATH in 2025.
In Favor:
- Blackrock, Grayscale, Fidelity, and other big players have launched ETH ETFs.
- 51% of the total value locked in DeFi projects is in ETH.
- Despite everything, it still has a market cap of 213B and is number 2.
- 50% of circulating USDT runs on Ethereum.
My conclusion is that of course, if I were a developer and had to create a project, I would NOT do it on Ethereum. But at the same time, the large institutions mentioned above are investing in ETH and they know something we don't. Therefore, it's a matter of following the smart money.
I don't think it will reach a new ATH this year, but I think it will reach 4K.
Against:
- Slow and Expensive Network
- Inflationary (approximately 0.75% annual)
- Has not surpassed the highs of 2021
- Poly Markets estimates there is only a 17% chance it will reach a new ATH in 2025.
In Favor:
- Blackrock, Grayscale, Fidelity, and other big players have launched ETH ETFs.
- 51% of the total value locked in DeFi projects is in ETH.
- Despite everything, it still has a market cap of 213B and is number 2.
- 50% of circulating USDT runs on Ethereum.
My conclusion is that of course, if I were a developer and had to create a project, I would NOT do it on Ethereum. But at the same time, the large institutions mentioned above are investing in ETH and they know something we don't. Therefore, it's a matter of following the smart money.
I don't think it will reach a new ATH this year, but I think it will reach 4K.
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Mantra (OM) yesterday dropped 90% and became the most significant sudden drop of a cryptocurrency since Terra Luna in 2022. It lost 6 Billion USD in Market Cap in 3 hours.
Everything indicates that it was a move made by whales who went to sell a good amount of the supply on OKX.
This is unusual because such 90% drops are not typically normal for a token that was Top 20 on CoinMarketCap (Now it is #88).
The distribution of the Tokens was also quite centralized, which may have allowed for an exit liquidity.
By the way, there are many who say that it is a good time to enter (I don't quite agree).
My Conclusion: I don't believe this is either a Rug Pull or a scam. It's simply people taking profits from their positions against others, and as the market is, there are people who win and people who lose.
Everything indicates that it was a move made by whales who went to sell a good amount of the supply on OKX.
This is unusual because such 90% drops are not typically normal for a token that was Top 20 on CoinMarketCap (Now it is #88).
The distribution of the Tokens was also quite centralized, which may have allowed for an exit liquidity.
By the way, there are many who say that it is a good time to enter (I don't quite agree).
My Conclusion: I don't believe this is either a Rug Pull or a scam. It's simply people taking profits from their positions against others, and as the market is, there are people who win and people who lose.
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Annual interest rate for the "Earn Flexible" of each exchange in USDT today 25/12/24:
· Binance: 9.56%
· Coinex: 5.07%
· OKX: 3% (+ 10% bonus for new users)
· ByBit: 9.45%
· KuCoin: 4.9%
· Binance: 9.56%
· Coinex: 5.07%
· OKX: 3% (+ 10% bonus for new users)
· ByBit: 9.45%
· KuCoin: 4.9%
I am so Bullish on $TRUMP approaching the elections.
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Aerodrome Finance at only 1 USD is a gift.
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