Bitcoin dominance is high but it simply means that it has a much longer way to the downside.
Charts look like bull trap. And everyone refuse to accept that the path to the downside is more than real.
Just checked Sol, Eth, Sui, Tao, Virtuals, KAS weekly and dayly charts.
They all look crapy, like a bull trap rally which is coming to an end. Market is about to start dumping again, but everyone is in hope for continuation and alts season.
"Jason never shows China's small cities"
Okay.
This is Xining, which I personally love. It's a third tier city with a tiny population (for China) of 2.48 million people. It's the 73rd most populous city.
#China#Xining
@TheKaspaBull Looks like incentive to sell if you hold some on mexc. It was the same story back in January when price on mexc was higher and deposits were suspended.
@leo_haf@nikzh@TheDesertLynx It won't work. At some time the system should find stabilisation point with the balance of fees and emission otherwise it starts degrade.
Bitcoin is actually trapped. If you add spam, fees will go up, regular transactions become very expensive and almost impossible.
@coderofstuff_@hashdag Not my business and I'm not an expert, but IT is developing, and 10 years ago an assumption was to wait 10 minutes for block propagation through the network. Maybe in 5 years today's bandwidth will sound like a joke.
@CryptoArchieYT 7-10x would be amazing for me.
The bingo coin is Kaspa imo. The top will be between $0.5-1 in general, but it also can pull 50x straight to 100B MC and leave everyone doomed like Eth did.
@coinathlete@FjordFoundry Is is fully developed. It has the whole pack of defi products.
Kaspa is still very early, nothing is built on it just yet.
That's the difference.
Kaspa L2s will copy everything from Eth, but will something new emerge to expand adoption, idk.
@coinathlete@FjordFoundry Today eth is slow and expensive. 99% of tokens just rugs. But the market is legit and finance resources are finding that 1% of projects that are moving crypto industry further.
@coinathlete@FjordFoundry Tradfi is is only for rich ppl. Issue bond, stock, being participant in venture investment are high entery playground.
Defi is allowing to secure capital with at a much lower level. It expends market technology and opportunity to a much broader audience.
$kas, I am excited to announce the first episode of the Kaspa Deepdive! And just in the nick of time too, with just over 21 hours to activation!
To sweeten your agonizing wait, I invite you on a leisurely tour of what makes high BPS awesome.
Join me for the Boons of High BPS.
@coinathlete And now these guys are trying to stick ZK roll up to Bitcoin because mining companies aren't profitable enough.
Wait 5 more years when they will figure out that they need to scale BTC.