So, the legend IS real... are you an elite GOAT yet?
Let's see if you've got what it takes.
Join the biggest DePIN airdrop campaign in history and find out. 🐐↓
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We hosted the biggest DePIN event at Consensus this year.
One thing we learned?
The DePIN ecosystem thrives on collaboration.
Over 35 #DePIN projects and 500 attendees discussed modular infra, interoperability, & working together to bring the world onchain.
The highlights:
New Quest Alert: Double your referral points in the "Get Goated" Galxe campaign. 🤌
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Back in 2020, IoTeX coined the term ‘MachineFi’ to describe the concept of connecting real world devices to blockchains.
Today, this concept has evolved into DePIN, where IoTeX continues to lay the groundwork.
Hear from Cofounder @Raullen in this interview on rise of DePIN and its future.
OH GLÓRIA!!!
“Também lhes digo que se dois de vocês concordarem na terra em qualquer assunto sobre o qual pedirem, isso lhes será feito por meu Pai que está nos céus.”
Mateus 18:19
JESUS TE AMA ❤️🙏🏾
Making money in a bull run is easy. Keeping it is hard.
In 2021, I could've walked away with millions.
Instead, I round-tripped a lot of my profits.
But you can learn from my mistakes, and do things the RIGHT way.
🧵: My top 10 things to AVOID doing this bull.👇
#BTC
4 Phases of The Bitcoin Halving
1. Pre-Halving Rally
Approximately 35 days remain until the Bitcoin Halving in April 2024
And ~60 days before the Halving, a Pre-Halving rally tends to occur (light blue)
History has repeated in this respect
Now, Bitcoin is slightly more halfway through its Pre-Halving Rally phase
Even so, Bitcoin has performed a historic, never-before-done feat in its price action in the Pre-Halving period...
It has broken to new All Time Highs
This Pre-Halving Rally phase has thus been extensive
However technically, the next step is a Pre-Halving Retrace
Historically, in anticipation of the Halving, investors "Buy the Hype" in an effort to "Sell the News"
Short-term traders and speculators "Buy The Hype" several weeks before the Halving in anticipation of making a profit from this hype-fuelled rally
Then these speculators "Sell The News" to realise that profit, contributing to a Pre-Halving retrace which occurs only a handful of weeks before the Halving event itself
2. Final Pre-Halving Retrace
After the Pre-Halving Rally has concluded...
A Pre-Halving retrace tends to occur a few weeks before the Halving event itself (dark blue circle)
In 2016, this Pre-Halving retrace was -38% deep
In 2020, this Pre-Halving retrace was -20% deep
This Pre-Halving retrace can last multiple weeks and up to 77 days
This year, Bitcoin has experienced a -18% pullback in January and a -14% this early March
Therefore it's possible a Pre-Halving Retrace, should one occur, would more likely be on the shallower side than on the deeper side
Also, this Pre-Halving Retrace could also be much shorter than has otherwise been the case historically
3. Re-Accumulation
The Pre-Halving retrace is followed by multi-month re-accumulation (red)
This period can last up to 150 days (i.e 5 months)
Many investors get shaken-out in this stage due to boredom, impatience, and disappointment with lack of major results in their BTC investment in the immediate aftermath of the Halving
However, in this cycle it would be the very first time that this Re-Accumulation Range develops the New All Time High area
As a result, this Re-Accumulation Range may simply take the shape of a regular sideways range and may not last very long before additional uptrend continuation
4. Parabolic Uptrend
Once Bitcoin breaks out from the re-accumulation area breakout into the parabolic uptrend (green)
It is during this phase Bitcoin experiences accelerated growth into a parabolic uptrend
Historically, this phase has lasted just over a year (~385 days) however with a potential Accelerated Cycle occurring right now, this figure may get cut in half in this market cycle
$BTC #Crypto #Bitcoin
#Bitcoin is Digital Property. It is superior to other investments such as Gold, Equity, or Real Estate because it is digital, available, global, ethical, & useful to millions of companies and billions of people.
Introducing our latest campaign "Taiko x Guild: Define Your Role"! 🥁
Dive into the Taiko community and find your place. Whether you're new to web3 or a seasoned pro, this is an opportunity to join us on @guildxyz and define your role!
All powered by @Galxe ⚡️