madns.eth

Investing in the future of finance since 2019. Decentralize everything.

[madns.eth @madns_eth]

Everyone is trying to determine the highest price $BTC and $ETH will reach in this cycle.

Today, I’ll look into previous cycles and explore scenarios for the upcoming all-time highs (ATHs) for $BTC and $ETH.

We’re currently in a bull market, and $BTC has already hit its all-time high (ATH) of $73,794.

Believers are still hopeful for $100,000 per $BTC or even higher. @StanChart predicts a price of $150,000 is possible for this bull market.

Currently, the total market cap for all crypto assets is $2.46 trillion. $BTC has a dominance of 54.15%, and $ETH has 18.5%, according to TradingView’s data.

The current circulating supply is 19,704,584 for $BTC and 120,139,697 for $ETH. I’ll base my price calculations on these numbers, as small changes in supply won’t significantly impact the price.

Compared to the 2018 bull market, the market caps of $BTC and $ETH have increased dramatically in 2021. In the 2018 bull market, $BTC reached about $20,000, and $ETH hit $1,450, with a total market cap of $761.35 billion. In 2021, $BTC hit $68,991, and $ETH reached $4,815, with a total market cap of $3.02 trillion. This was a 3.96x increase from the previous bull market.

For this analysis, we have two variables: total market cap and dominance for $BTC and $ETH.

For our estimation, we’ll consider $BTC dominance to be between 45% and 48% since its dominance in 2021’s ATH was around 45%. For $ETH, dominance will be between 20% and 22% because its market cap in the last bull market’s ATH was 20%. I’ll increase both assets' market caps since $BTC’s ETF is traded on the public markets and $ETH’s is on the way.

However, this is an estimation based on previous market movements. Since the beginning of the last bull market in 2020, we have seen rapid developments in the #Bitcoin and #Ethereum ecosystems, including Layer 2 solutions on both networks. With the implementation of EIP-4844, Ethereum’s Layer 2 solutions have become cheaper and faster, which will onboard more DeFi users.

My guess for this bull run is a market cap between $7 to $9 trillion since an increase of around 2.5x to 3x from the previous bull market is a possible scenario.

As we look at the table between $7 to $9 trillion market cap, there are six different $BTC price predictions. However, with the ETFs, we’ll see more capital betting on $BTC with a 48% market dominance as a possible scenario.

In an optimal bull market condition, we can expect a price tag for $BTC between $170k to $219k. For $ETH, we also have different conditions; the $ETH ETF is on the way, and Layer 2 solutions have seen massive adoption from Ethereum users.

We still have other players in the ecosystem such as Solana and BNB Chain, but other Layer 1 projects have lost their market share to Solana, BNB, and Layer 2 solutions.

In this context, we can expect to see a 22% market dominance between a $7 to $9 trillion market cap where $ETH can reach a price tag of $12,800 to $16,500.

Disclaimer: The analysis mentioned above is an estimation and not financial advice. Always DYOR before investing in any kind of crypto asset, which may result in permanent losses.

[madns.eth @madns_eth]

https://t.co/8kdQN4XnSm

[madns.eth @madns_eth]

@5_0Trading @zoomerfied What are the fundamentals that make the “ADA” best asset ever could you explain it more please?

[Oro @orogoldapp]

meet @trygrail:

the GOLD API for the internet built on @solana

savings. yield. credit. physical redemption.

https://t.co/atNvasYzY4

[madns.eth @madns_eth]

Discovered my Gas ID via ETHGas - turning my gas spend into rewards 🫘

As a Teen Jack, I've spent 0.5577 ETH on gas but earned 240 Beans back.

Get your Gas ID and Beans here: https://t.co/pQIIUmPZ4f

[madns.eth @madns_eth]

Escaping high gas fees one bean at a time! 🫘

I'm on Gassy Jack's quest - stacking beans and climbing toward a Gasless Future. Join the adventure, complete quests, and grow with us 🌱

https://t.co/L4Fdxr4RE9

https://t.co/L4Fdxr4RE9

[madns.eth @madns_eth]

"Finance, at its heart, is about moving future
wealth into the present by borrowing, or moving
present wealth into the future by saving."

[madns.eth @madns_eth]

Seeing the 15,000 different variation of this post really got me sick. Let me explain and end this argument:

Back when smart contracts were still new, there were hardly any users or builders around. If you actually took the time to understand how a protocol worked, you were genuinely one of the few people on the planet who did. Finding something good felt like real alpha because almost nobody else had noticed it yet.

Nowadays anyone with a wallet and ten minutes can plug into a dApp and start farming points. We have hundreds of thousands of tokens, thousands of protocols, liquidity spread thin across all of them. When a project finally launches its token, the only fair approach is to include everyone who ever used the product, not just the six people who were there on day one.

That’s why teams now weight the drop by time spent, volume moved, money committed. Same size cake, just a hundred times more people expecting a slice.

It’s basic math, not a personal attack.
Hope this helps a few people argue with numbers instead of emotions for once.

[SKYLINE🥷 @SkylineETH]

airdrop farming used to be the easiest money in crypto, now it’s basically a full-time job with minimum wage

2020 uni:
did 1 swap
got like $12k

2021 ens:
registered a name
$15k airdrop
(no points, no seasons)

2022 aptos:
minted a free nft on testnet
$3k for clicking a button

2023 arbitrum:
bridged once, did a few txs
another $3k

2025:
you farm 100k+ volume, do 200+ txs, mint nfts, borrow/lend, beg for xp on discord, pretend to be active in 20 communities, write threads, post content, farm 8 different point systems for 6 months straight…

and they hit you with:

here’s $50
(20% tge, rest 4-year vesting)

[madns.eth @madns_eth]

The market is mispriced.

[madns.eth @madns_eth]

@ether_fi and @MikeSilagadze does exactly this.

[nairolf @0xNairolf]

imagine this:

a crypto neobank

with the same buyback mechanism as hyperliquid

[madns.eth @madns_eth]

You start to realise the market and the sentiment is dead when the borrowing APY is less than %5 on AAVE for USDC.

[madns.eth @madns_eth]

Huge news for Uniswap community and UNI holders!

[Hayden Adams 🦄 @haydenzadams]

Today, I’m incredibly excited to make my first proposal to Uniswap governance on behalf of @Uniswap alongside @devinawalsh and @nkennethk

This proposal turns on protocol fees and aligns incentives across the Uniswap ecosystem

Uniswap has been my passion and singular focus for the past 8 years. What started as a small side project is now global financial infrastructure powering thousands of applications with ~$1.8 trillion in annual trading

UNI launched in 2020, but for the past 5 years Labs has been unable to meaningfully participate in Uniswap governance, and has been greatly restricted in the ways it can build value for the Uniswap community. That ends today!

This restriction was in great part due to a hostile regulatory environment that cost thousands of hours and tens of millions in legal fees. Fortunately, the regulatory environment has shifted

This proposal comes from a strong desire to see the Uniswap protocol win as the global decentralized exchange for tokenized value

At a high level, the proposal:
1. Turns on protocol fees and uses them to burn UNI

2. Sends @unichain sequencer fees to the UNI burn

3. Burns 100M UNI from the treasury representing the protocol fees that could have been burned if fees were turned on at token launch

4. Introduces Protocol Fee Discount Auctions, a new way to improve LP outcomes and internalize MEV to the protocol

5. Introduces "aggregator hooks” which will turns Uniswap v4 into an onchain aggregator that collects protocol fees on external liquidity sources

6. Focus Labs on driving protocol growth and adoption, including a contractual agreement to only pursue initiatives that align with Uniswap governance interests

^ As part of this, Labs will stop collecting fees on its interface, wallet, and API to supercharge distribution and adoption of the Uniswap protocol

7. Moves Foundation employees to Labs with a shared goal of accelerating protocol growth, under a growth fund from the treasury

8. Move governance-owned Unisocks liquidity to v4 on Unichain and burn the LP position

I believe Uniswap protocol can be the primary place tokens are traded. This proposal sets the stage for the next decade of its growth

@Uniswap will ship relentlessly over the coming years and supercharge the ecosystem of developers, LPs, and traders building on top

I'm so grateful to the community that has made this all possible, and excited for what's next

🦄

[madns.eth @madns_eth]

Not bad for zero effort. Let's see what's next.

[madns.eth @madns_eth]

S&P500 reaches $6800, happy ATH.

[madns.eth @madns_eth]

@ether_fi Not ordering physical card until metal card is available. Wen metal card?!

[madns.eth @madns_eth]

@0xStrat 🙈🙊

[Hyperliquid @HyperliquidX]

On Hyperliquid, there is no listing fee, no listing department, and no gatekeepers.

Spot deployment on Hyperliquid is permissionless. Anyone can deploy a spot asset by paying a gas fee in HYPE. Deployers can choose to receive up to 50% of trading fees on their spot pairs. Everything is transparent and verifiable onchain.

The full defi lifecycle includes building a project, launching a token, and trading that token. Every step of that journey can be done permissionlessly on Hyperliquid.

[madns.eth @madns_eth]

DEXs over CEXs

[madns.eth @madns_eth]

@paoloardoino Deploying 80billion USDT on Ethereum network yet not mentioning ETH is interesting to be honest.