I am very passionate about Web3 and its endless potentials .Crypto Enthusiast | Ambassador | Community Manager| Degen
And just like that, we're at a new all-time high.
Total stablecoin market cap, excluding algorithmic stables, is now at the highest point ever, surpassing its previous high from early 2022.
New money is entering crypto.
🚨 BREAKING 🚨
SOLANA is dying after FTX whistleblower shows that they still hold 8% in secret wallets.
This is 6 BILLION in sell pressure.
This is bad.
After the German sold ALL their bitcoin somebody sent them $1.87 #Bitcoin and inscribed the message “HFSP German government”
😂 👏
Zksync has now lost more than 80% of their active users after their charade of an airdrop announcement.
Zksync joining Stark, Sui, Sei as ghost chains.
In a week where prices are down, TON TVL is up both in terms of USD and TON.
Since the start of this year, the TON DeFi ecosystem has gone from being practically nonexistent to being the 12th largest.
TON is just getting started 🔥
🚨 Let's talk altcoins and market dynamics 🚨
You might think that an altcoin’s price will rise due to compelling narratives, increased TVL in DeFi, or bullish events. This can work for a while, but eventually, supply can outpace demand, leading to a downward spiral driven by inflation.
Early buyers often get trapped, causing bearish sentiment, reduced TVL, devs jumping ship, and team members quitting.
The biggest change this cycle? Dispersion. We're used to altcoins pumping together, but now there are around 300 decent projects. There's simply not enough liquidity for all to thrive.
For example, $LDO, $MATIC, and $ARB are priced lower today than a year ago.
Consider this: there are many more "utility" tokens now than in 2021. Weekly, 3-5 "quality" coins enter the market. Total3 market cap rises, and everyone appears happy. But who will buy all these tokens?
Unless institutions or retail investors flood in, it could remain a PvP fight forever.
What do you think?
Dear Crypto Trader,
Sometimes the best trade is no trade.
During periods of boredom/apathy, there's no need to force a position if there isn't an obvious setup.
Be patient, keep researching, and when the stars align on a thesis/trade - back it with conviction.
🎁 2 x Phaver-Up NFT Giveaway
I am giving 2 NFTs for the Genesis Edition @phaver NFT Collection, which has only 2000 supply. 🚀 PHAVER token is close and these NFTs will be very valuable. Good luck everyone!
For raffle:
📌 Like + Mirror 📌 Write your Phaver Username in the comment (If you do not have a Phaver account, download and register with cryptotelugu code) 📌 Follow me on Phaver (holdbtc.lens) 📌 Connect at least 1 NFT to Phaver (this is mandatory)
If you do not have an NFT to connect, you can find a free alternative from the link: phaver.gitbook.io/phaver-help-center/phaver-points-and-cred-score/anima-proof-of-personhood
⏳ Ends 28th April. (Winners will receive NFT as airdrop to their linked main wallet on Phaver within 1-3 days after the event ends)