Bull Market Peak – 2024 or Beyond 2025? We got you covered with ‘Decentralize Your Week‘
This cycle is truly different.
The market is less volatile, and everyone is screaming for an Alt-Season..
As BTC reattempts to break a new ATH, a very deep question lurks over Crypto World…
Will the market peak in 2024, or will prices keep climbing into 2025? Let’s find out…
The above chart is a display of a metric called “Social Metric Risk“
This metric is a display of the social attention that gives a variable outlook to the prices of cryptocurrencies…
Social Metric Risk is still low despite BTC breaking its prior ATH + ETF approval.
The current low social risk indicates very little mainstream focus on altcoins. Despite BTC’s strong price rally, sub-par interest in altcoins suggests limited growth potential.
The risk here is, Bitcoin might enter a super cycle, whereas altcoins could quickly lose momentum. Increasing altcoins in the space leads to saturation and worsens this effect.
One of the many factors to keep in check to track the altcoin mania.
The above tweet from an influential trader also shows data pointing towards Altcoins finding their bottom and the next leg-up is loading with ETH set to lead the rally.
In the end, this is all just speculation and we highly recommend our readers to DYOR and not treat the above as Financial Advise
The End of Memecoin Mania??? 👀
The above chart shows there were nearly 1 million new crypto tokens created in the last month, a number that is 2x the total number ever made on Ethereum from 2015-2023
Solana itself witnesses the creation of 20k+ tokens on a daily basis.
Obviously, all these tokens are just memes and have no intrinsic value at all.
This entire dilution in the industry has led to believe that the memecoin might be at the end of its cyclical lifespan within the macro bull-market structure.
The tweet below might give you a better idea of the state of the memecoin narrative in the crypto space.
So maybe your Dog themed crypto might be on a moon-mission, but careful with your investments folks!
Vitalik is Shooting for a New EIP 😎
A new day and a new Ethereum Improvement Proposal (EIP) is on the horizon.
Welcome EIP-7706 and below are the improvements it proposes (no pun intended)
- It introduces a new type of gas fee
- This means that costs for transactions can be more accurately assigned
- Resulting in = Lower fees for transactions that are heavy on data
Ethereum is currently plagued with astronomical gas-fees which is a huge hit to smaller retail traders and portfolios.
Any proposal that will allow for reasonable gas-fees during volatile market conditions will be a huge win for newer entrants to enter the space and experience Ethereum dApps in a better way.
What has been your biggest issue with Ethereum? Let us know
Binance Puts an End to Address Poisoning ☠️
Address Poisoning is a true menace when it comes to Crypto Scams.
In this kind of attack, scammers change the wallet address in such a way that actually resembles your own. So the initial and the ending 4-5 digits will remain the same, but the string in-between the address is completely different.
Unknowingly, you will fall to this scam and that will be the beginning of the dark days for you.
Binance has developed an algorithm to eliminate this risk completely!!!
The exchange’s security team has created a unique method to identify and flag millions of poisoned crypto addresses.
Key points:
- Binance’s algorithm identified 13.4 million spoofed addresses on the BNB Smart Chain and 1.68 million spoofed addresses on Ethereum.
- The algorithm identifies suspicious transfers, pairs them with potential victim addresses, and timestamps malicious transactions.
- HashDit, Binance’s security partner, has registered spoof addresses in its database.
The necessity for this preventive measure became apparent after an unknown trader lost $68 million to an address-poisoning scam.
