@Hodling_hodler Think about how much more money people would have if before the bear market, instead of buying crypto/NFTs, they ate spaghetti shirtless...
NFT's are lagging in their decline this bear market - once people realize that their NFTs, quoted in ETH, are exposed to the price of ETH constantly, but yet are less liquid than ETH, I see them massively underperforming ETH...
The thing that sort of confuses me about $ETHBTC and $BTC dominance in general in a bear market is that $BTC dominance increasing during a bear market makes sense because of elevated binary risk for alts vs. $BTC. But $ETH has pretty much the same binary risk as $BTC no? lol
People are so used to dovish monetary policy and low rates that they are massively underestimating the monetary shitstorm that's about to come given inflation levels are SOOOOOOOO far outside the fed's mandate. High-duration crypto and equities haven't come to terms with it.
I believe in $SOL long-term (like all blue chip cryptos with a solid team), but given the outages and what bear markets mean for $BTC dominance - $SOLβs gonna get rekt.