Back on June 24, I flagged BTC dominance—yet it fell on deaf ears
Now, the #Bitcoin ecosystem is exploding
I’ve told you that @HelloLumerin $LMR is also my top #RWA pick, now it shows a clear pattern pre-breakout
Get ready for market madness 👇🧵
1⃣ Why $LMR?
The Bitcoin ecosystem stands on the brink of a major shift, propelled by 3 pivotal catalysts:
▪️ Bitcoin ETF
▪️ Bitcoin halving event
▪️ DeFi on the Bitcoin network (Layer2 + BRC20)
→ Post-BTC halving, expect a hashrate increase as rewards halve & mining investments recalibrate
Each of these 3 catalysts is in motion & nearing completion
→ Their combined effect is poised to ramp up the network's HASHRATE & drive up Bitcoin mining costs
→ This increase is poised to raise entry barriers, potentially leading to diminished distribution among participants
More HASHRATE Drivers
▪️ Entry of new miners
▪️ Scaling of existing operations
▪️ Return of erstwhile unprofitable miners
▪️ Introduction of advanced mining equipment
→ These factors, while conducive for a secure network, create competitive dynamics for $LMR's role
BRC20 + #Bitcoin Layer2 force Bitcoin to have more daily use cases:
▪️ On the upside: Increased demand → higher BTC usage for gas fees → attracting larger players/miners → continues to drive the HASHRATE upwards.
▪️ Regarding limitations: Bitcoin network is prone to congestion with slower processing speeds → A challenge that needs an imminent solution.
The ONLY existing solution is #Lumerin as it converts Bitcoin's hashrate into a commoditized, liquid asset.
▪️ It not only reduces the cost of mining through less expensive electricity but also augments the decentralization of the mining market.
▪️ The cumulative effect of these interventions is a strengthened, more equitable, and accessible Bitcoin network for all stakeholders.
2⃣ ETF Spotlight
The Bitcoin spot ETFs' approval marked an ATH for BTC at ~$44.4K
▪️ Spot ETF approval inside of 35 days
▪️ Halving in 133 days
→ Spot ETFs heighten market accessibility & add a layer of regulatory acceptance, potentially echoing historical surges as seen with Gold ETFs
→ All shaping a favorable narrative for $LMR
3⃣ Some notable updates
Lumerin Wallet v1.2.46
▪️ Streamlined UI design for ease of use
▪️ Enhanced node connections, ensuring reliability
▪️ Optimized contract management promotes user confidence
▪️ Backend advancements for robust contract fulfillment
In the next 6 months
▪️ Co-Founder @ryankcondron is set to speak at @CoinAgenda Caribbean 2023!
▪️ Focusing on enhancing the Lumerin marketplace! Longer contracts with more #hashrate
▪️ Plus, they're working towards making bridging costs & gas fees nominal
4⃣ Chart Analysis
LMR has been consolidating for weeks, poising for a potential breakout.
A clear 'elephant in the room' pattern mirrors the anticipation in the ecosystem.
Eyeing that last weekly resistance – a breach could signal a march to ATH.
5⃣ BTC Dominance Surge
With $LMR's resilience amidst rising Bitcoin dominance, it's a standout.
The correlation suggests that a strong Bitcoin is favorable for LMR's adoption & value proposition.
→ Noteworthy for those tracking inter-crypto dynamics
6⃣Conclusion:
$LMR stands at a juncture that leverages Bitcoin's growth narratives – DeFi integration, halving events, and the potential of an ETF.
AsI monitor $LMR's chart for a breakout, it's essential to consider the macro and micro factors driving the ecosystem.
LMR's intersection with Bitcoin’s pivotal moments could pave the way for remarkable growth and industry impact.
#RWA #AD #Bitcoin
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Blockchains you've never heard of before:
@ParallelChainLB@PrasagaOfficial@partisiampc@DevvioInc
People said L1 blockchains are dead this cycle.
L2 scaling solutions are the winners.
Well, $KAS proved them wrong.
Many of the blockchains raising money in 2021/2022 have not been released yet or have dead charts.
If the L1 narrative continues to stay strong, we could see many of the unknown blockchains have strong short-term boosts.
This was also the case in previous cycles.
In the last few months leading to a parabolic bullrun, seemingly ignored projects have had fantastic price action.
So I take note of any unreleased or ignored chains and observe their progress from time to time.
👀
More and more alpha chads coming in $FOUR.
Testnet soon. Don't fade it. @4pfour team is building silently. Only a small piece of the puzzle is visible...
I'll share some encrypted github hints I found where 4P is heading to soon...
$ATOR $ROSE #0KN $XMR $WLD
AI season already started?
My AI portfolio doing really well
$OLAS sending hard and making new ATHs daily
$AGRS has no idea what chill means
$TAO close to ATH and about to break out
$PAAL good consolidation and about to break out