Happy Friday!
Another month has flown by 🦾
From @functionx_io to @Bedrock_DeFi & @0xZeeve, a quick roundup of the always-growing Axelar ecosystem 🧵
Mic drop moment on @StargazeZone! First loans on our platform processed, all on-chain & peer-to-peer. No middleman, just gains. What are YOU waiting for to join the fun?
#DAO#NFT
Initia is built on Cosmos.
dYdX is built on Cosmos.
Celestia is built on Cosmos
BeraChain is built on Cosmos.
Dymension is built on Cosmos.
trading, modularity, rollups, virtual machines.
it's all being built on Cosmos.
⚛️
Opinion: What's Coming For #Bitcoin Halving
As we approach the 2024 Bitcoin halving, the cryptocurrency market stands on the cusp of a transformative period, underscored by several unprecedented developments.
For starters, the recent approval of multiple Bitcoin ETFs in the United States has fortified Bitcoin's base price, setting the stage for heightened demand amidst dwindling supply.
This scenario is further bolstered by a surge in profits for Bitcoin miners, spurred by increased transaction activities. The competitive race between #MicroStrategy and #BlackRock to amass Bitcoin holdings adds a bullish fervor to the market’s sentiment.
Additionally, the potential for interest rate cuts could significantly enhance Bitcoin's appeal, considering its historical performance in low-rate environments. The looming US Presidential election further layers the anticipation, painting a highly optimistic picture for Bitcoin in this halving cycle—with projections hinting at a potential rise to $100,000.
Looking back at Bitcoin's trajectory during its previous three halvings —each marked by significant price appreciations and devoid of institutional backing—paints a revealing picture:
• The first halving propelled Bitcoin from $13 to a peak of $1,152.
• The second halving saw a jump from $664 to an all-time high of $17,760.
• Before the third halving, Bitcoin was at $9,734, climbing to a zenith of $67,549 thereafter.
The upcoming halving heralds the debut of substantial institutional involvement, evidenced by the rollout of 11 spot ETFs. This shift promises to amplify demand further, bolstering the price amid a supply squeeze. In Asia, proactive steps by #HongKong and #Thailand towards embracing Bitcoin #ETF investments signal a growing acceptance of this novel asset class, potentially inspiring more nations to follow suit.
This foray of institutional entities into the Bitcoin sphere signifies a paradigm shift, prompting retail investors to pivot towards #altcoins for speculative gains. Such diversification within the crypto market indicates an expansion of investment strategies, encapsulating the notion that a rising tide lifts all boats. This metaphor aptly describes the anticipated market growth, fueled by these comprehensive developments, pointing towards a vibrant future for Bitcoin and the broader cryptocurrency ecosystem as we edge closer to the halving.
Happy #HODL