We are NOT in an altcoin bull run.
Not even close.
If you're struggling this cycle, you're not alone.
🧵: I just dug through the data which reveals some shocking truths about the current state of the market.
(it also holds the key as to when things could turn around).👇
The worlds largest taxi company, #uber owns no vehicles,
The largest accommodation provider, #airbnb owns no real estate,
The most valuable retailer, #Alibaba has no inventory,
The worlds biggest rendering network, #RNDR owns no GPU's.
The future is $RNDR.
1/13 My recent tweet about DEX perps made me think more about how to reliably compare the user base/trading volume. What came out is the following:
-Number of unique addresses trading in 30 days
-Average trading size
-% of volume contributed from top traders
-Token incentives
On Apr 4, @elonmusk changed the Bluebird to dog, the price of $DOGE increased by ~30%.
On Apr 7, he changed the logo back to Bluebird, the price of $DOGE decreased by ~6%.
During this period, 2 whales among the top 5 holders reduced their holdings by ~1.4B $DOGE ($121M).