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  • US struck Iran, Bitcoin dropped to $98,543 but we’re still bullish because....

US struck Iran, Bitcoin dropped to $98,543 but we’re still bullish because....

The whole market dumps on the weekend and this token is up over 20% here’s why...

These wars are very annoying for Crypto investors like you & me, personally as I said last week I liquidated a lot of my alt investments and took some profits.

Long term holds in my opinion don’t really exist except Bitcoin & maybe ETH but it’s lost a lot of trust recently.

ETH is still the internet of WEB3 in my opinion and will never go away, but in the short term it has lost a lot of investor confidence and price swings are pretty volatile right now.

Here’s an interesting take from Arthur Hayes the founder of Bitmex on Bitcoin

Every day, there are more companies buying Bitcoin like today a new company Panther metals announced they are buying Bitcoin.

This is very normal these days but a few years ago this would have been huge news.

My point is is that we are in the intituional adoption phase of Crypto, things may be sideways right now and have been for a while but retail investors are mostly out of the market at the moment.

The best part of the bull run hasn’t even started so we are very bullish.

Market Snapshot 

  • BTC: $101,709.03 - 1d Change ⬇️ 0.58%

  • ETH: $2,254.43 - 1d Change ⬆️ 0.27%

  • SOL: $134.35 - 1d Change ⬆️ 1.09%

  • Market Cap: $3.12T | Fear & Greed Index: 37 Fear

Token for the day

While the rest of the market has been dumping $KAIA has been pumping.

I have done some research on it and it looks like once they announced their stablecoin in South Korea it started pumping.

From what I understand, there was some whales that had some insider knowledge and invested a large amount a couple of days before the announcement.

See the chart below:

Essentially the project has a big user base in Asia due to merging 2 blockchains LINE Blockchain & Klaytn blockchain with a combined user base of 250 million Asian users.

Essentially it’s an EVM Layer 1 blockchain focused on the Asian market, allowing builders to build Dapp’s on the blockchain quickly & simply using account abstraction, focusing on onboarding web2 users, RWA with fast & secure transactions.

I’m eyeing up an entry on this token, looking for a dip, I’ve joined their TG community here for updates it could be a potential runner in the bull run let’s see.

Meme of the Day

Nough said

Thanks for reading my friend, stay sane in these crazy times! God bless you