@GloryLorryzy@Mantle_Official@Bybit_Official Using MNT for @Bybit_Official fee discounts is double-edged sword. Bybit accumulates tokens. what do they do with them next? Burn or dump? Plus there's high Aave yields ,that is selling pressure. Without smart token management, $MNT risks becoming a shitcoin.
Regarding the macro context, global uncertainty could still trigger volatility; however, Bitcoin’s resilience is being interpreted as a sign that the potential bitcoin:native bottom may already be behind us.
@GloryLorryzy@Mantle_Official@Bybit_Official $MNT is both a utility token for @Bybit_Official that's genuinely strong fundamental. Bybit is a solid exchange that even secured its MiCA license in EU before Binance. That alone should have pumped the MNT price, yet it has dumped to a new all-time low instead. Something is off.
@GloryLorryzy@Mantle_Official@Bybit_Official Look like it. They are diluting MNT to incentives LP providers on mantle. There is visible fundamental growth but they deliberately dumping $MNT
@CryptoTeluguO Ethereum is by no means comparable to Solana. Ethereum is here to stay over the long run and will only grow in importance. The question is, how does it accrue value for $ETH?
The biggest risk to Solana isn't network activity. it's governance. Validators pocket massive inflation rewards while the base layer captures little value. If SIMD-550 and SIMD-553 pass, inflation slashes and SOL becomes a true asset. If blocked, we stall.
BTC is testing the cost of production zone once again! Historically, this specific level has acted as a perfect price floor during every single bear market. If history repeats, this current level could serve as a massive accumulation zone before the start of a new bull market
Major industry players like Binance, OKX, Bybit, NY, or NASDAQ would choose to build on a corporate chain like Base, this limitation benefits "permissionless chains" like Solana
With US inflation ticking up to 4.2%, Senator Tim Scott predicts the Federal Reserve will hold interest rates steady next week. Meanwhile, the ECB just raised their rates to 2.25%. It is going to be a massive week ahead for global markets.