BlockchainOne

A few highlights when Trump spoke at the Bitcoin 2024 conference, here is what he will promise to do if he becomes president:

- America will be the superpower $BTC Bitcoin, will establish a national Bitcoin strategic reserve fund of the US government and will not sell any Bitcoin

- Will fire GARY GENSLER

- One day, Bitcoin will probably surpass the market capitalization of gold

- If Trump is elected president, Bitcoin and cryptocurrencies will increase like never before.

- Trump pledges to the Bitcoin community that the day he is sworn in, Joe Biden and Kamala Harris's war on cryptocurrency will end

Of course, these friendly statements mainly attract votes from tens of millions of American voters who are using crypto, but this is already very positive news...

Is Trump's election really the reason why the crypto market pumps?

The ideology of the Republican Party is prosperity, not decline

To put it in perspective, if you are the upper class, promoting GDP, creating many jobs... you will be favored over low-income people, parasitic immigrants or unemployed people...

In short, if you make a living in America, you must be responsible for this country with specific actions - pay taxes diligently.

That is, if there is a guy who is making a lot of money from crypto without paying any taxes to the country, then he is not a favored subject.

Trump exhorts support for crypto, crypto people rush to worship Trump, but after being elected, there is a high possibility that the idol will issue a series of laws for young people to contribute to the budget more proactively and not be forced. Submit 4 U garlic like A Bang or store 25 volumes like A Xoo

Basically, the driving force for crypto's price increase must come from new money flows, not necessarily from someone being elected.

Unlike institutions such as Russia or North Korea, the US president is only a representative of a party and does not hold all political or military power, and according to statistics, during a presidential term, they Doing about 20% of what they promised during the election is already a lot.

If Trump is elected, it will be a good reason to drive up the price. However, if the new chickens don't come in, MM will still be at a loss, not to mention stupid people.

The total 0 win game is always in the hands of the owner 95% of the time, of course F1 is never the force pushing prices, you guys who are hoping for Alcoin Seasson should keep praying...

UPTREND BUT SO STRANGE

$BTC , the price has increased, but the volume is very small, strangely small.

$ETH is flat and there's nothing to play, the Restaking game pops up and then it's gone

The old Altcoin Hodler, which was swinging at its peak last season, has not yet returned to shore, even though it has reached the second year of its 3-year growth cycle:
$NEAR, $DOT, $ADA, $AVAX, $FTM, $MATIC, $LINK, ....

New altcoins play High FDV Low Float to get money from VCs, then list it for sml dump. As a result, nearly 50 Binance list items all follow the List To Dump (#LTD) trend.

"Airdrop" is considered a marketing strategy to attract and acquire users, but now it's all about airdrops.

Money Flow of old crypto projects will be:
Ventures => Project => Users => Project => Ventures.

Money Flow of current crypto projects is:
Ventures => Project + Users => Project

This season, thanks to RaaS, it is much easier to "clone" projects & tokens that work on the platform (Infrastructure / Layers), anyone can make the platform with just a few copy & paste steps and then edit a little. The interface is done.

More than 2.4M+++ tokens exist in the market, every day at least 200 more tokens are launched, yet all altcoins only account for 28% of the total marketcap.

BTC + ETH alone = 72% of total marketcap.

The next rising wave comes when and only when there is a new trend, a new game. But like now, I see everyone trusting each other. Where is the money flow to confirm the rising market now :(

Which VC earns the most from prominent projects listed on Binance 2024?

The highest Unrealized Profit ratio of VC is $ENA (x70), $DYM (x28) and $REZ (x25)

On the contrary, the projects with the lowest rates are top names in their Narrative such as ZKsync (Layer 2) and Wormhole (Interoperability).

These are also the two projects with the lowest ROI if calculated from TGE to ATH

Basically, stocks with high Unrealized Profit often face higher pressure to sell, while low projects can pump harder so that funds have a good profit-taking position.

The overall ROI of the funds is in order:

1. a16z: x7.35
2. Multicoin: x4.67
3. Polychain: x4.34
4. Big Brain: x4.12
5. Placeholder: x4.06
6. Dragonfly: x3.75

American ETFs have bought back almost the exact amount of Bitcoin sold by the German government. This can also be roughly called a transfer of assets between countries 🤣🤣

Liquidity data is supporting that Bitcoin will soon increase again when the Short side's liquidity is 4 times that of the Long side.

During the times when the TOTAL chart creates a RSI MACD bottom divergence signal, it is a pretty good cumulative buying opportunity, at least without the FOMO price increase that the crowd is afraid of at that time.

🔥 Bitcoin's recovery wave is coming, is this a Golden Opportunity? $BTC $BNB $ETH

Blatant truths about crypto you may not know

- Most retail users like us are susceptible to losses and can lose money quickly. All because most of us believe in the hype of the crypto market.

- Kols or idols will not shill when they do not benefit, they will not show off their wealth when there is no purpose. The bigger the Kols, the more suspicious you should be, the younger the idols are, the more trustworthy they are.

- Satoshi Nakamoto seems to be the most honest developer in the crypto space, later developers are mostly distorted and they exaggerate about technology to make money from you.

- Terms like DeFi, RWA, DePIN, SocialFI or GameFI,... are used to confuse us, and in fact it is used to hide the fact that "there is nothing technologically advanced behind after this cryptocurrency market".

- VCs or powerful venture capitalists can destroy coins, they enter the market not to pull the market bull but to make money. When the market goes down, they run very fast, even going bankrupt to make money from investors.

- Actually, Blackrock is said to have been secretly buying Bitcoin for a long time. They added Bitcoin management services for customers through ETFs as a way to fomo and exit positions.

- The Fed is not afraid of Bitcoin, the Fed knows that if they print more USD from "short time" it means crypto will increase, and when they turn off the printing press the market will collapse. $BTC $ETH $BNB

There is a special connection between Crypto and socio-economic issues 🤔

Recently, it can be seen that special connections between traditional market topics are strongly related to the growth of the corresponding coins/tokens, such as AI, Memes, Presidential elections... .

What do crypto investors need to do now to adapt to this change and buy the right coin trend? $BTC $ETH $BNB

🔥 The European Central Bank 🇪🇺 and Canada 🇨🇦 are expected to cut interest rates this week.

- The European Central Bank (ECB) will release its policy on Thursday, with markets indicating a 93% chance it will reduce interest rates from 4% to 3.75%. A Reuters poll of 82 economists last week showed all expected an interest rate cut at the June 6 meeting, after some ECB policymakers signaled the possibility of a rate cut. ability to reduce interest rates.

- The market shows an 82% chance that the Bank of Canada will reduce interest rates on Wednesday, from 5% to 4.75%. The rate increased on Friday after Canada's first-quarter GDP grew more slowly than forecast.

$BTC $ETH $BNB

Summary of HOT Crypto events in June

Because it is the last month of Q2.2024 and marks the 2-month milestone after the BTC Halving event, the events are more numerous and have a greater impact than previous months.

AI & DePin systems will be directly affected in the first half of June, when the $ASI token merger process is completed and the Apple WWDC-2024 event takes place with topics surrounding AI taking place from October 10. 06.

The focus of the Airdrop/Retroactive segment is also on this month when a series of projects of particular interest to the community such as zkSync, Taiko, Blast, Mocaverse, io.net, LayerZero,... will launch tokens this June. .

On June 14 (VN), EURO 2024 will be opened -> this is an important milestone for those who have purchased Fan-Token projects in advance.

According to the previous schedule, it is expected that in this Q2 there will also be "major upgrades" of technology infrastructure projects such as Fantom, Starknet, Klaytn, The Graph,... (likely to delay continues).

This month's event is full of top-tier altcoins, I wonder if they were intentionally set up for a mini-altseason this June, guys 😂😂

$BTC $CHZ $JUV