When looking at total market cap, we actually made a 1:1 extention on this run up.
TBH, this is a reasonable leg up and a market top here is not even something crazy.
Many alts just got killed by the non stop drain of liquidity in shitcoin rugs and airdrop coins like OP, ARB, TIA and many others. All of this drained liquidity. If we don't get a "country fomo", there is simply no more money in the system to pump stuff.
TBH, this is a reasonable leg up and a market top here is not even something crazy.
Many alts just got killed by the non stop drain of liquidity in shitcoin rugs and airdrop coins like OP, ARB, TIA and many others. All of this drained liquidity. If we don't get a "country fomo", there is simply no more money in the system to pump stuff.
DiveInDefi
When looking at total market cap, we actually made a 1:1 extention on this run up. TBH, this is a reasonable leg up and a market top here is not even something crazy. Many alts just got killed by the non stop drain of liquidity in shitcoin rugs and airdrop…
A "no fomo" market looks like this.
DiveInDefi
I believe alts and eth bottom today
So many people turning bullish on eth in the past hours.
ETH has performed terrible. But fundamental wise:
BTC>ETH>Rest.
Eth is the only reliable and secure chain that has utility.
Big money all invest in it: BlackRock with Buidl fund, PayPal uses it for their stable coin.
There is a reason they use eth and not solana or xrp.
If you look long-term, Eth + Layer 2s are the solution unless something fundamentally changes. Solana and XRP are no solutions but you should still make money with them
ETH has performed terrible. But fundamental wise:
BTC>ETH>Rest.
Eth is the only reliable and secure chain that has utility.
Big money all invest in it: BlackRock with Buidl fund, PayPal uses it for their stable coin.
There is a reason they use eth and not solana or xrp.
If you look long-term, Eth + Layer 2s are the solution unless something fundamentally changes. Solana and XRP are no solutions but you should still make money with them
😁1
Forwarded from Watcher Guru
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