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Crypto_McKenna
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Coinbase premium is back. Strength of this
bid
on a Sunday night feels strange.
Possible someone knows some important news dropping next week.
$BTC
#BTC
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Crypto_McKenna
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One of the main high profile theses is that Tron will inevitably be disrupted for stablecoin payments due to heavy network congestion resulting in higher transfer fees. Stablecoin optimised networks that can cater to emerging markets and align with largest stablecoin issuers will eat a significant chunk of this market. Not only is the market growing but established networks are primed for disruption.
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I hear many people say they do not like the Institutionalisation of Digital Assets. I absolutely disagree. The bedrock of distributed consensus systems was to upgrade the rails of the traditional financial system offering real-time auditability and transparency for all actors. We sit at a huge inflection point where TradFi is actually going to come on-chain. Bonds, equities, commodities and ETFs will be all accessible via digital dollars on blockchain rails. This will be the single largest driving force for TVL and REV on public blockchains and I couldn't be more for it. Institutionalise Crypto.
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Would love to see a brief dip below $100k and take out some of the recent lows formed into weekly demand. Solid consolidation formed before a retest in all time highs in June/July. $BTC
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FARTCOIN above $1.5 then you probably end up seeing a retest of all time highs. Has been in an ascending channel for entire move up and yet to go parabolic. Tier 1 spot exchange listings inevitable at this point given how much daily on-chain volume it brings in.
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Anything above $115k BTC I would view as over extended. But right now BTC has been consolidating for the last 10 days and looks primed to test previous all time highs. Good week incoming for bulls. $BTC
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