$DOG is the #9 memecoin in the world on CoinMarketCap!
Interesting fact: all 8 memecoins ahead of $DOG are listed on @binance. If that's not bullish, what is? Imagine when $DOG is on Binance? 📈🔥🔥🔥
Only once in my life did I see a Monthly chart as bullish as this one - and that was in September 2020.
This looks primed for 6-figure #Bitcoin.
I wonder how the sell in May crowd is feeling.
why are bots always porn and crypto scams? why can't some be like, "hey, have you thought about how car dependency has made it harder to own a home in a walkable neighborhood? link in bio for more info"
Do you ever wonder what your life could have been like if you had made a different decision at a certain point?
Not in the sense of "if I had bought this memecoin I would be a millionaire" but in terms of life in general.
For me, for example, what if - instead of going full time Web3 - I would have taken a "normal" corporate job?
I would have a completely different career, meet different people, spend my free time differently.
Not judging wether it would be better or worse. But it would be different.
A small decision would have such a big impact over the span of a lifetime that life would look completely different in every way.
Wild right?
And not just your own life, but also that of the people you might have met, the family you might have started, the children you might have had and who don't exist now.
And the impact they would have had on the world and on other people.
A completely different life, maybe even a different world, just because you happened to stumble across this thing called “NFTs” three years ago.
Maybe I'm high right now (I am) but bro these are wild thoughts
The next phase of #notcoin has begun.
For those that staked their coins, a big congrats 👏🎉 to you
Now we Learn and Earn 😊😊
Now we Explore the Explore 🫣🫣
Thank you @ton_blockchain
Thank you @notcoin
NB: Heavy Rewards are coming to Stakers!!!
• I swear to God - If that post goes as viral as I am looking at it, get ready for some news headlines regarding “web3 boys”
- Y’all know where we’re from and keep acting this way and throwing tantrums just for engagements. Putting others in possible jeopardy. Lord! I HATE IT HERE SO MUCH!
⚡️ ETH ETF'nin artık onaylanmasıyla birlikte birçok kişi, odak noktasının BlackRock CEO'su Larry Fink'in öngördüğü gibi bir sonraki büyük adıma #tokenization a kayacağını öngörüyor.
🌎Bu gelişmeler, RWA sektörünün pastadaki payını genişletebilir. Öncülüğü yapan $TOKEN, en üst sıradaki RWA tokenları arasında yer alıyor ve $ONDO ’ nun izinden gidiyor.
#RWA #ETHETF #TOKENFI
Ansem’s Angels are wild
250 SOL for a date/escort
If I wanted to I could prolly go down the road and get a hooker for 15 SOL, even at 15
Yet, I am very bullish on Ansem’s Angels:
Its another non-gambling use case for Crypto, and longing degeneracy and loneliness always works.
The ETH ETF trade: how I'm thinking about this
There are several key pieces in this trade, some known and some unknown. So will lay some out:
Known(ish):
-It will be approved soon (okay this is not a lock but seems to be the case)
-Grayscale's ETHE has close to 3MM ETH (2.5% of float) that has been trapped for years (GBTC had 626k BTC, 3.2% of float, including a large % that was toxic in BK estates). There will be sell flows from people who were trapped and now get a favorable exit with no discount to NAV.
-there will likely be some marketing / PR push ahead of launch. How hard Fink leans into tech play/tokenization narrative and public appearances is a factor.
-there will be no staking right away. This makes it an ever so slightly worse product. TradFi loves yield. Staking yield is both low and not risk free. But eventually they will want to stake.
-there's no environmental FUD with Ethereum's PoS as there was with Bitcoin's PoW
Unknown:
-how long it will take to launch (could be weeks or months)
-what will be the state of macro (risk on/risk off) when it launches. If SP500 is 5700 vs 5000, that makes a big difference (ES is ~5345 right now, an all time high)
-what the inflows will be (expectations seem low via Balchunas) vs their expectations
-what sorts of flows will issuers such as Blackrock line up for launch? $1B USD into ETH is far more impactful than $1B USD into BTC due to size.
-There is a lot of talk about politics and how crypto is becoming a major election issue. I don't totally buy this. I doubt it's a top 10 issue maybe not even top 25. I don't think it's going to decide PA or WI. There are like 3 states that matter. Let's see I guess.
Among other things
Then the setup. Well, when the BTC spot ETF was approved in January, it was the first of its kind. We didn't have any real example (recent or otherwise) to go on where with this one we will have that availability heuristic. Anyone can observe that BTC grinded up into approval, had one final leg up on approval, and then dumped ~22% before ripping ~100% to new highs.
So the easiest thing to expect is that it will follow a similar fractal. But now that this JUST PLAYED OUT, it's in everyones' recent memory, so maybe it will be different. Anyone who sold the news on BTC approval actually made a bad sell insofar as they didn't scoop their full bag back lower. I suspect this happened to many. This gets even more painful for them if they're trading with taxes.
So what's different here, besides that we have a recent comp this time:
-lower % of float in Grayscale + presumably less toxic
-was priced at ~10% approval into the approval whereas BTC was priced at >90% for some months and 50-70% for some months before that
-macro (maybe). Since we don't know right now how long the S1 process will take, we won't know the macro environment until the time comes.
-everyones' expectations (explained some above)
-how hard this will be sold by Fink/issuers
-whether Vanguard will allow clients to buy, whether JPM is more positive towards it than Bitcoin, and general TradFi reception
-the expectations of flows. Balchunas/Seyffart set expectations pretty high for the Bitcoin ETFs and yet they were still exceeded, shattering all the records for ETF launches. Here the expectations seem to be quite low. Leaves a lot of room to surprise to the upside if they don't update their forecasts. I find their reasoning wholly unconvincing and relish the opportunity to fade this again, like with their "slim to none" approval odds call last week.
-we have some data from HK/Canada exchange traded products. I don't think this is particularly useful but it's also not nothing. We'll see.
-important to note price was ~$3000 yesterday and $3790 as I'm writing this. Take note of that and again what the price is on the day it goes live. If it launches at $3800 that is a lot different than launching at $7000. Important to keep everything in context.
Lots of moving pieces here. Worth keeping a pulse on everything.