Gary Gansler has probably single handedly suppressed crypto more than anyone else in the world.
It was speculated that with Donald Trump in the office, he will likely loose his job. But to our pleasant surpise, Gary could be gone much before. It's a win, big win for us all.
With Bitcoin strategic reserve in the horizon, Gary Genslar gone, one can be optimistic about crypto in the largest financial market thrive again.
Interesting times ahead. Just few good 15 months back, Gary was calling his shots on crypto left and right and who knew back then a Crypto President was assuming office!!
But with improvements that are necessary and well thought plans and capable team behind it.
Basis trade is very common in tradfi and it is a very big industry. With the bull market ongoing, expect to have lucrative yield on USDe and subsequent value accrual on ENA.
I also expect the market cap of sUSDe to go up significantly and wouldn't really be surpised to be see a marketcap of 50 billion.
In that case an extreme bull prediction of ENA could be anywhere between $5 to 10. (Please do your own research)
I hold ENA so I might just be biased but I am amazed by Ethena's development overall.
Few unpopular opinions: 1. ETH will have a comeback. 2. Most people will earn just to loose it all. 3. Bitcoin will still be the chosen investment vehicle(even after few more alt etfs) 4. Markets will shoot way beyond your imagination, either way. 5. Hodling isnt easy. $ETH $BTC
Aavalanche is scaling to infinity with its horizontal scaling solutions. It is both cost effective and convenient for both app specific chains(like games and social apps) and enterprise solutions. Altogether these could spearhead the blockchain adoption much faster in the coming months. we have seen such example with a game called OTG(Off the Grid) where literally 9 million wallets were created in days after the launch of the game.
From here on, I believe $AVAX will outperform $SOL in terms of price and adoption. That is not to say I am bearish Solana, and it could not be further from the truth. Both SOL and AVAX IMO will be leading winners in this cycle.
Since March 2024, BNB is ranging between 550 to 605 USD. There is a saying " longer the range, higher the breakout".
Out of the all the top 10 Coins by marketcap, BNB has been ranging for the longest time.
Only time will tell if this time BNB will launch its rocketship. Historically, when Binance trade volume is high and/or transaction volume on BNB Chain are up, BNB tends to show upward price actions.
Although Binance trade volume is up and will likely go up in coming weeks to months, BNB Chain transaction is not significantly up. Again, time will tell if this will change.
There is a high likelihood that AVAX will rise in price in short to mid term. The long term outlook looks, however, more bullish.
in 2025, I remain confident that AVAX will trade in ranges between 250 to 400.
AVALANCHE is gearing up for the scalable low cost solution for blockchain enabled services. their focus on institutions and further progress in terms of adoption will likely be major tailwind events for entire avalanche ecosystem.
According to publicly available information in the year 2023, a gruesome bear market, the company revenue 16.8 Billion USD.
According to coinmarketcap, it has the most trading volume for almost 7 years which is almost its entire lifetime. This gives us a message that Binance's position as a leading crypto exchange is no accident and they have adapted well enough to maintain the position. Their "user first" approach seems to be working just fine, for now.
A crypto juggernaut like Binance is expected to benefit from the upcoming crypto adoption and any potential bull markets.
In the year 2024 and 2025 how much will its revenue be?
$BTC Fear and Greed at 77. Where is crypto sentiment?
Crypto Twitter is almost at FTX crash level silence. Google search is at the bottom and X feeds look like a ghost town.
This means this BTC run up is institutes buying and most crypto retails are not here yet. It is a good news IMO, because more money will be made in next phases of the market.
Few unpopular opinions: 1. ETH will have a comeback. 2. Most people will earn just to loose it all. 3. Bitcoin will still be the chosen investment vehicle(even after few more alt etfs) 4. Markets will shoot way beyond your imagination, either way. 5. Hodling isnt easy. $ETH $BTC
This maestro will likely pull off an incredible run in this cycle.
A clear winner among the top coins. and if you want risk adjusted returns, I don't think there is a better coin than SOL.
Fast execution, decentralization, continuous innovation, well funded, VC Loved, positive regulatory clarity and sheer project volume being deployed could result in a market cap close to ETH at a point. I would not be surprised if marketcap surpasses than that of ETH.
$NEAR A potential winner in this run up. Can it go beyond 40 Usd this cycle?
Yes. Few reasons: AI narrative in crypto is strong. near have strong collaboration almost all coins are in circulation team is in BUIDL mode. Chart looks pretty solid.
Last cycle, I found BNB early on and held it from 28 to 690 (I am still holding).
This cycle, $AVAX is right at the same price. Will AVAX do a BNB this time?
There are couple of reasons why I think it is probable.
1. gaming meta 2. scaling solutions (horizontal scaling) 3. positive regulatory scenario favoring AVAX 4. solid team and foundation activities (alpha there too).
Bitcoin can be seen as a good investment in 2024 for several reasons:$BTC
1. Limited Supply: Bitcoin has a fixed supply of 21 million coins, creating scarcity. As demand for digital assets grows, this limited supply could drive up prices, making it attractive to investors.
2. Decentralization: Bitcoin operates on a decentralized network, making it less vulnerable to government interventions or economic instability. This can appeal to those seeking an asset that offers protection from inflation or political instability.
3. Institutional Adoption: Over recent years, institutional investors like companies and hedge funds have shown increasing interest in Bitcoin. Continued adoption by large-scale investors may boost its value and credibility.
4. Inflation Hedge: In times of inflation or economic uncertainty, some investors view Bitcoin as a store of value similar to gold. With ongoing concerns about inflation in 2024, Bitcoin may continue to serve as an alternative hedge.
5. Technological Improvements: Innovations such as the Lightning Network are making Bitcoin transactions faster and cheaper, improving its use case for everyday transactions and bolstering its long-term utility.
6. Growing Legal Clarity: Many governments are now offering clearer regulatory frameworks for cryptocurrency, which can increase investor confidence and promote wider adoption.
However, like any investment, Bitcoin comes with risks, such as volatility and regulatory changes. Investors should consider these factors before making investment decisions.