Lily Addington

Financial expert, founder of investment funds, content creator

[OneFootball Club @ofc_the_club]

⚽️💙

[OneFootball Club @ofc_the_club]

🚨 JUST IN: New OFC Alpha from Dominion2025

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▫️ D3 Partners: @solana, @avax, @ofc_the_club
▫️ Head of OFC Revealed: @_viN040

👇 Details below:

[Lily Addington @AddingtonL27647]

Bitcoin is correcting and will be a great opportunity for altcoins to attract a lot of capital. Alcoins this time can multiply 4 to 5 times the current price.

[Lily Addington @AddingtonL27647]

スムージーって美味しいよね！セブンでは、お店で作るスムージーの方法が簡単なんだって！冷凍ケースからスムージーを選んで、レジで精算したら、専用マシンでバーコードを読み取って、フィルムを剥がして専用マシンへ。約70秒で完成だって！すごく便利だし、スムージー好きには嬉しい情報だよね。セブンカフェの隣に設置されている専用マシンで作れるんだって！早速試してみようかな。詳しくはリンクをチェックしてみてね！

[Lily Addington @AddingtonL27647]

Countdown to Bitcoin Halving: Anticipating Changes in the Crypto Economy
Currently, in less than 80 days, the fourth Bitcoin halving event will take place, reducing block rewards from 6.25 BTC to 3.125 BTC per block.

Market expectations have risen, leading to speculation about whether the 2024 halving will differ from previous ones. Based on current statistics and an average Bitcoin block time of 10 minutes, the fourth halving is approximately 77 days away, expected around April 21, 2024. However, the exact date remains uncertain due to the dynamic nature of block time, which could result in an earlier or later occurrence.

For example, considering the recent block time of 7 minutes and 31.8 seconds, the earliest possible halving could occur on April 4, 2024, 58 days from now. Halving plays a crucial role in the protocol, designed to maintain Bitcoin's scarcity. It contributes to gradually reducing the network's inflation rate over time. With a strict limit of 21 million Bitcoins, halving events continue until the block reward rounds down to 0, predicted around 2140 when the last Bitcoin is mined.

As of now, the circulating supply is 19,616,930.49 BTC. The upcoming halving directly affects the pace of new Bitcoin mining and, consequently, the overall existing Bitcoin supply. Halving events occur approximately every 210,000 blocks, equivalent to a four-year cycle with an average block time of 10 minutes.

This schedule was embedded in the Bitcoin protocol by its mysterious creator, Satoshi Nakamoto. The first halving occurred after 1,425 days or 3.9 years on December 28, 2012, reducing the block reward from 50 BTC to 25 BTC. The second halving took place on July 9, 2016, after 1,319 days or 3.61 years, halving the reward to 12.5 BTC. The most recent, or the third halving, happened on May 11, 2020, after 1,402 days or 3.84 years since the second one.

After the fourth halving, Bitcoin scarcity will increase, reducing the annual inflation rate from 1.69% to 0.84%. Analysts like Plan B anticipate that Bitcoin will become scarcer than gold and real estate, hinting at a value surpassing $500,000. Strategic advisor Mando CT, also known as Xmaximist, sees historical patterns repeating, with additional factors potentially driving prices higher, such as the Fed's interest rate cuts and the approval of Bitcoin ETFs.

This is a critical time for investors to reevaluate their halving strategies and capitalize on this significant event in the market cycle. Social media is buzzing with posts focused on the halving, as enthusiasts eagerly await the event, seemingly overlooking the recent BTC correction.
Some individuals cleverly point out that Bitcoin has already experienced a -20% correction after almost a year, advising others to research the 2016 halving and observe how BTC values changed post-halving. Meanwhile, some mock those who sold BTC before the major event, finding it amusing that precious Bitcoin was sold at $43,000 in February 2024, just two months before the fourth halving.

At the current moment, less than 11,260 blocks remain until the halving occurs.

[Lily Addington @AddingtonL27647]

The most enticing upcoming gaming token airdrops in the near future
The airdrop season is in full swing, with various apps, protocols, and projects leveraging market signals to release their tokens, providing rewards to millions of cryptocurrency users in the process. In the crypto space, airdrops are often a way for projects to reward users and initial contributors by distributing a portion of the new token's supply, simultaneously promoting the token for decentralized governance. Blockchain networks and tokens dedicated to the gaming sector are set to have some exciting airdrop events in the coming months. Let's explore some noteworthy upcoming gaming token airdrops highlighted by Bitcoin Magazine. Xai: Xai is a "layer-3" gaming network built on Arbitrum, an Ethereum layer-2 scaling solution. It recently initiated its first airdrop on January 9. Originally planned for December 27, the airdrop was postponed to early January. Created in collaboration with Arbitrum developer Offchain Labs, Xai distributed XAI tokens to owners of specific NFT projects and those who purchased Sentry Key node operators. Approximately $70 million worth of tokens were distributed in the first round, with the total value soaring to $151 million in the following week. Pixels: Pixels, the vibrant game on the Ronin sidechain for Ethereum's Axie Infinity, concluded its "play-to-airdrop" campaign on January 19. The top 7,000 players on the leaderboard, along with 1,000 random players, qualified for token rewards after the project conducted checks to eliminate bot manipulation. Another 20,000 players from the previous play-to-airdrop campaign also qualified. Portal: Portal is undoubtedly one of the most talked-about airdrops in the future, although it has sparked some controversy. The multi-chain game token, designed to bridge the gap between Web3 games on various blockchains, encourages users to create, share, and interact with Twitter content for a chance to participate in the airdrop. Despite potential inconvenience, there is considerable enthusiasm surrounding what Portal is building. The airdrop is set to take place in January 2024 after a recent pre-sale, featuring the latest airdrop experience called Crystal Dash. Saga Protocol: Saga, primarily designed for the gaming sector, initiated a "play-to-airdrop" campaign on several test network games in December. The top-ranking players will earn a small portion of the total SAGA token supply. The Saga mainnet is expected to launch in early 2024, with more events planned in the coming months. Saga will also conduct three play-to-airdrop campaigns on Solana, Polygon, and Avalanche games. Nifty Island:
Nifty Island, a new sandbox-style game, entered open beta on January 17. Combining the creative mode of Animal Crossing, Roblox, and Fortnite, users can customize their own islands and interact with other users. The project has launched a play-to-airdrop campaign, rewarding users based on factors such as gameplay frequency, the number of referred players, and owned NFT assets connected to their wallets. Nyan Heroes: Nyan Heroes, a Solana-based shooting game, plans to release an early access version in February, accompanied by a play-to-airdrop campaign. While details are yet to be disclosed, players of the game will receive NYN tokens as early adopter rewards. Owners of Nyan Heroes NFTs will also be eligible for larger token rewards. Apeiron: Apeiron, operating on Axie Infinity's Ronin chain, is conducting an airdrop campaign. Apeiron is described as a dazzling combination of classic god-simulation games like Populous and "roguelite" card battles, offering a strategic gaming experience. In January, Apeiron revealed its play-to-airdrop campaign, rewarding points to players participating in the demo on the Epic Games Store, leading to the future drop of ANIMA tokens along with other perks or specific NFT ownership. Mixmob: Mixmob, a Solana-based game platform, plans to deploy an airdrop for its MXM token after launching Racer 1, a mobile racing game for iOS and Android devices. Mixmob will airdrop tokens to active community members and players using the game's features like racing, referrals, staking, and betting. Mixmob will provide an exclusive airdrop for owners of Solana Saga phones, including exclusive tournaments and other privileges for users. Notcoin: Notcoin is a potential upcoming airdrop that is not yet confirmed 100%. Operating as a game on the Telegram messaging app, Notcoin claims to have attracted over 5 million users in just over a week. While Notcoin is not an actual cryptocurrency yet, the TON Foundation overseeing the network Notcoin is building has plans to launch a token. This indicates the potential deployment of an airdrop for early users, although detailed information is yet to be revealed.

[Lily Addington @AddingtonL27647]

Why are BRC-20 tokens like ORDI and SATS collapsing?
The cryptocurrency market has experienced significant declines in January, impacting various digital assets, particularly BRC-20 tokens like ORDI and SATS.

Key factors contributing to the underperformance of these unique tokens include factors beyond recent Bitcoin price volatility.

Reduced demand for engraved tokens:
Notably, the prices of ORDI and SATS have dropped by approximately 34.5% and 50%, respectively, in 2024. The decline is primarily attributed to the increasing "sell the news" sentiment in the cryptocurrency market, led by Bitcoin. As of January 25th, the correlation coefficient between ORDI and BTC is 0.66, remaining positive throughout recent history. Additionally, the decreasing price aligns with a significant reduction in engraving fees and the Bitcoin block size, highlighting diminishing demand for Bitcoin Ordinals.

Technical conditions:
In addition to broader market trends, divergent price signals are a decisive factor in the recent declines of ORDI and SATS.

For instance, the daily chart of ORDI reveals a classic bearish divergence pattern from December 5, 2023, to January 2, 2024. In simple terms, the price of ORDI is forming higher highs, while the Relative Strength Index (RSI) is creating lower highs. The subsequent 45% decline aligns with the bearish divergence signal, where the RSI and price action disparity occurred before the correction.

Similarly, SATS experienced over a 60% drop after signaling a bearish divergence between price increase and decreasing RSI. Overall, the bearish divergences on the ORDI and SATS charts have caught the attention of traders as they indicate a potential trend reversal or, at the very least, a pause in the current upward trend.

Price analysis for ORDI and SATS:
From a technical standpoint, ORDI faces a higher likelihood of decline in the coming days or weeks.

Notably, the price has reversed the ascending triangle. In other words, the ascending triangle pattern failed to act as a continuation pattern and instead led to a trend reversal.

The breakdown target for ORDI is approximately $38.5 in February, measured by calculating the maximum distance between the upper and lower trendlines of the triangle and subtracting the result from the breakdown point, as shown above. Interestingly, the $38.5 target aligns with the 0.618 Fibonacci retracement level.

On the other hand, SATS has dropped to a converted support level of $0.00000036. Simultaneously, the RSI has fallen below 30, indicating an oversold condition. Both indicators suggest the possibility of a recovery to around $0.00000043 in February. Conversely, breaking below the support level of $0.00000036 could potentially push SATS down to the 0.786 Fib level at $0.0000029.

[Lily Addington @AddingtonL27647]

The recent selling spree by long-term Bitcoin hodlers has revived the specter of capitulation from the past. Long-Term Hodlers (LTH) of Bitcoin, those who have held for over 155 days, are traditionally considered "smarter money" due to their experience navigating BTC's volatility. Their strategy revolves around buying Bitcoin during price dips and selling when the market is bullish. However, recent trends suggest a shift in sentiment. Data analysis indicates that LTH has initiated a selling spree, and this trend persists. Notably, on January 22, approximately $625 million in profits were moved to exchanges, similar to activity on January 17. The data trend became noteworthy on January 23 when LTH transferred funds to exchanges, resulting in significant losses of around $430 million as Bitcoin dropped below $39,000. This situation reflects a concerning capitulation reminiscent of the crash witnessed in May 2022. Previously, a similar amount had been sent to exchanges at a loss, followed by a more severe loss of over $600 million just a week later, right before Bitcoin plummeted below $20,000. The repetition of such losses may indicate an increasing evidence of capitulation among long-term hodlers of Bitcoin.

[Lily Addington @AddingtonL27647]

The cryptocurrency market will have major adjustments in the near future

[Lily Addington @AddingtonL27647]

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