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EasyEatsBodega
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ROBINHOOD ($HOOD) NEW ALL TIME HIGH
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EasyEatsBodega
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Summer session for markets is so boring every year. Every year I hope for a more active season, but I am always disappointed. Crypto twitter is dead af On chain volume is dead af Price action just chopping Bitcoin grinding up slowly Alts plunging lower Give me fall already
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BTC against the Dollar is JUST under all time high. All time high against the dollar was made in May. The decoupling of Bitcoin against the dollar is happening in real time.
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So it looks like @moonberg_ai is another trading terminal for Solana + ETH coins. I will remain cautiously (not) optimistic for whatever token reward they give you, also would remain rather hopeful at that USD value as it appears itll be paid out in their token. We all saw how that went with Boop when everyone was so excited for 5-6 figure stimmys and received a bag of Doritos and a flat coca-cola by the time it unlocked. Maybe I'm just cynical now cause every trading bot has promised us an airdrop, and not a single one has given us anything, despite 100s of millions in fees paid out to them.
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The downfall of LaunchCoin is sad to see. I was a massive bull in the ecosystem as a whole && genuinely believe the idea of REAL products having tokenized capabilities is extremely feasible and a potential for a paradigm shift. What I thought was going to happen - Products with tokens that have token sinks - Raise capital to continue operations and have a vested interest with said token, as more volume = more fees - Real products, with real token use cases, legitimize crypto What has actually happened - Scam after scam after scam - 0 Vetting of teams and countless rugs of tokens (no different than any other launchpad ecosystem) - Predatory attacks now on legitimate teams by withholding fees unless said teams that have not rugged fully dox and sign a 9 page legal document - This same legal document appears to give rights to the product, to Believe App!? what the hell is this... Then couple that off with countless sell pressure of tokens and SOL in order to pay out teams in USDC via web2 means. Yeah something that had all the potential in the world, has sadly gone astray and turned into a shit show sadly.
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DAOs are the least effective thing in the entire world. After seeing JUP pause their DAO through the rest of the year it is more abundantly clear than ever that this is just a terrible model for tokens and businesses. They emphasized that this is to ensure growth and product development. But what leaves me wondering, is why can't that occur even with the DAO? Simple, because if the DAO doesn't approve of something, the delay and voting process essentially causes the entire development life cycle in this insanely fast market to be obsolete by the time it actually gets pushed through and in progress. This is why I look at something like Raydium, who has largely been able to capitalize on so many markets, comparing competitors here. Raydium created LaunchLabs and managed to capitalize on swap volume and dex volume being able to ship this quickly. Raydium has buy backs of their token in the millions of dollars of ranges, consistently. Jup got approval for buybacks and burns, but it has largely been one and done, because of votes. Jup has extensive spending for their sub committees and groups and needs approvals to pivot any and all of that spending. All in all, a business can only struggle when you have to appease to a group of capital extractive individuals trying to do all they can to gain a share of what the business has generated, in this case 'a DAO'
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