Thursday, February 10, 2022

Solana Can Rise 40% Thanks to Its Payment App’s Appealingly Low Fees-Cryptocurrency.Mohoagd

SOL could rise another 40% if its Solana Pay app takes off in the digital payment arena due to its super-low fees.
I indicated two weeks ago that Solana (SOL-USD) appeared very inexpensive and was likely to climb away from its trough price. In my essay, I stated that extremely negative market sentiment was dragging down SOL and that it was unlikely to endure.
It was trading below $100 at the time, with a price of $94.96 on January 22. However, as of Feb. 9, it was trading at $113.33, up 19.3 percent from the previous day. Investor interest in cryptocurrency is beginning to resurface.
Furthermore, Solana has increased 37 percent since its bottom price of $82.71 on January 24. This obviously shows that SOL is recovering from its bottom price level.
However, it is still significantly lower than both the year-end and three-month highs. For example, on December 31, Solana was trading at $172.10, representing a 34.1 percent year-to-date (YTD) decline. It is down 56.2 percent from its top price of $258.93.
Where This Leaves Solana
Solana is a prominent Ethereum (ETH-USD) rival for smart contracts, decentralized finance (DeFi) apps, and non-fungible assets (NFTs). Its goal is to make it easier to create decentralized apps (dApps).
Solana has recently entered the wallet market. This is built on a partnership between Solana Labs and Web3Auth. They unveiled a digital wallet project aimed at removing technical barriers that prevent users from setting up wallets and moving into the DeFi industry.
As a result, with a market valuation of $36 billion, Solana is now the eighth-largest cryptocurrency. This puts it neck and neck with Cardano's (ADA-USD) market valuation of $40 billion.
It is also a long way from its $55 billion market valuation at the end of 2021. As a result, there is still plenty of room for SOL to rise in the near term.
Analysts are now very bullish about Solana. Morgan Creek Capital Management believes it is one of the only coins capable of surviving a crypto winter.
The Solana Pay Launch
One of the reasons Solana is anticipated to last is its constant expansion into new territory. For example, Solana Labs, the parent company, announced the launch of Solana Pay last week. According to CryptoPotato, this is the company's first foray into the congested digital payments industry.
Solana Labs' announcement on February 1st includes an illustration of how its new Solana Pay dApp would herald in a new era of payments and commerce. The example assumes that "digital currencies are ubiquitous and digital money passes via the internet like data - unfiltered and without intermediaries charging every transaction."
Furthermore, the capacity of this product to significantly reduce prices for both consumers and merchants is one of the reasons why it has the potential to catch on. Solana Labs has the following to say regarding their prices:
"The protocol provides a specification that enables the consumer to send digital dollar currencies, such as USDC, straight from their wallet into the merchant's account, settling instantly with expenses estimated in fractions of a penny."
If the analogy of "fractions of a penny" is true, it must be more explicit. For example, Block (NYSE:SQCash )'s App costs merchants 2.75 percent to execute a transaction. That works out to 2.75 cents on the dollar.
So, if the Solana Pay app becomes popular and its cost is, say, 0.50 percent, retailers (and ultimately consumers) might save 82 percent of their current prices. This can be seen by applying the following formula: (0.005/0.0275) = 1-0.1818=0.818, or 81.8 percent.
What to Do With SOL Crypto
If Solana Pay takes off, SOL will likely rise significantly. Block, for example, has a market capitalization of about $65 billion. This is only 80% of Solana's $36 billion market valuation. Even if it only receives half of that 80% increase, its market value may increase by 40% to $50 billion.
Solana would be worth $158.70 for each of its tokens in such event. For most people, a 40% gain in a cryptocurrency is a very attractive future return on investment.
Solana Is a Cheap Crypto Buy Today As It Hits New Lows
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SOL Crypto may be decreasing as a result of investors' selloff of hazardous assets.
Solana has had a difficult time recently. This is especially true in the last week, when SOL crypto has plummeted drastically. For example, on December 27, Solana was trading at a recent high of $202.53. The cryptocurrency then dropped out of bed, and as of Jan. 22, it was trading at $94.96.
This is a unique chance for ardent cryptocurrency investors. For starters, they must be able to withstand the onslaught of advisors and skeptics who predict that the bottom has yet to be reached.
Furthermore, as Barron's pointed out, Russia's apparent ban on all cryptocurrency on January 21 left the market in "turmoil." As a result, the price of Bitcoin plummeted below the psychologically significant $40,000 mark. The Wall Street Journal refers to many who see this price level as a "line in the sand" for cryptocurrency bulls.
Furthermore, Ethereum went below a red threshold of $3,000 per ETH cryptocurrency. According to Barron's, both of these events "unnerved" many cryptos, including Solana.
Solana and Crypto Market Crashes
Solana has a market capitalization of $29.9 billion as of January 22. SOL cryptocurrency had not traded this low since the end of August 28, when it was trading at $94.47. Meanwhile, it had risen to $258.93 by November 5. However, the cryptocurrency has already fallen below $100.
This represents a 63.5 percent decrease from its most recent top. It signifies a loss of more than $52 billion in value for Solana. Keep in mind, though, that this is nothing compared to what has occurred to Bitcoin. According to Bloomberg, Bitcoin's market value has now dropped by more than $600 billion as a result of its 50% drop.
Of course, Solana might drop below $90, which would be a significant red flag for Solana. But, for the time being, I don't see that occurring.
For one thing, there is normally a relatively speedy return after big dips in financial assets and securities like these. According to my experience, it normally takes months for a large break in financial assets to begin to make a significant comeback.
Furthermore, according to A Wealth of Common Sense, half of all market breaches achieve breakeven in less than a year. The website keeps track of all stock market collapses and indicates how long they lasted. Granted, stock market crashes are not always the same as crypto market crashes, but the same principles apply.
What Could Be Causing the Crash
Not everyone believes Solana's deterioration has ended. Coin Telegraph, for example, just released a post claiming that SOL crypto might plummet to $70 per token. Granted, this is based on bearish chart pattern analysis, which is a technical, rather than a fundamental, examination of the cryptocurrency.
The report attributes Solana's collapse to the Federal Reserve System of the United States' decision to "unwind its $120 billion a month asset purchasing program, followed by three or more interest rate hikes spread throughout 2022."
The post accused the Fed's "loose monetary policies" for "help[ing]" to boost cryptocurrency valuations, especially Bitcoin (and others like Solana). The article also mentioned a "head and shoulders" shape in the SOL cryptocurrency price.
According to a recent Forbes story, investors are scurrying to "dump off risk assets" as "central banks turn off money taps simultaneously."
What to Do With SOL Crypto
Whether SOL crypto falls below $70 or not, it is unlikely to stay there for long. In fact, now is probably an excellent moment to start stockpiling SOL crypto.
One rationale for this is to average down your initial cryptocurrency cost. Furthermore, for those who do not currently hold SOL crypto, it appears to be a rather inexpensive starting point. This will be the case even if the price continues to fall, as it will present another opportunity to purchase the cryptocurrency at a low cost.
The main line is that SOL crypto is becoming more affordable and may be nearing the bottom, indicating that it is approaching a low price.

Take a deep dive into NOVO the new anti-rebase, volume based, and anti-whale token

Preface:

I came across this coin from a anti-rebase post on DeFi from the founder of this coin. Through deep diving and doing my own research I have came to the conclusion that this is the coin I would bet comes out on top as one of the top tokens of 2022. I have done the research so you don't have to. I will admit, while asking the Founder questions and tearing apart every angle I could in the discord, I was offered a mod position in the discord. Other than the trivial mod roles I have no previous or current affiliations with the project team and I have invested in this protocol. As always, this is only my opinion and not financial advice.

Introduction

I would like to start by introducing the founder. The reason why I want to start with this is that so many of the coins listed here have anonymous teams or they are "doxxed" by some auditing team that we are forced to trust. With many of these devs and founders located in different counties with much different crypto laws (or none at all) it makes the "doxxing" almost useless as in the event someone decides to exit scam we still really have no one to hold accountable.

The founder for this coin/protocol is Andrew Eddy, a US based sole-founder who's background is in web development, Economics, and having ran real businesses at the highest level(CEO) with his previous endeavor Sequr. His LinkedIn can be found here: https://www.linkedin.com/in/andrew-eddy-75a63337 A little off-topic but the man has been bit by a shark. You can find the inside edition story on this at: https://www.insideedition.com/aftermath-of-terrifying-shark-attack-captured-in-newly-released-bodycam-video-62353

Few things to digest here.

He is U.S. based meaning he abides by US law and regulation
He is real and not just a "dev" behind a "great idea"
He has the skills and experience to back up this protocol
He has been bitten by a shark.

Ok now onto a look inside the protocol. I'm going to split this into two sections; The road less traveled(V1) and The Vision(V2)

The Road Less traveled:

The team developing this protocol has really thought of the current state of events(Time/Wonderland) as well as the future with the initial implementations at launch. The reason this is titled as the road less traveled is that many of these mechanisms have been implemented in traditional finance and economic fields yet has either been poorly implemented or not implemented at all in the world of crypto. So the road has been paved before but has not been traveled in this space quite like this. As with any new project this base foundation is meant to be built on. However this base in itself is of great value and even without v2 would supply a high mcap once it has picked up steam. As said before, A-lot of this has not ever been done before in DeFi. To any investor this presents a huge untapped value of a token on a pioneering front. Below are the mechanisms that have launched with the protocol in V1.

Fair + Stealth Launch

$Novo Token is launched with no VC allocation, no pre-mine, no ICO/IDO, no private sale or seed round. Novo has decided that the simplest and most fair way to start would be by providing liquidity and opening up trading of the token on a Dex. No announcements or marketing were done ahead of the token launch. This launch happened a mere 3 weeks ago. with only 315 unique wallet addresses at the time of this post it makes it one of the stealthiest and fair launches I have seen yet.

I. Tokenomics

Starting Supply (Max): 1,000,000,00

Public Supply: 500,000,000 Treasury (Liquidity & Staking Rewards): 450,000,000 Lab (Project Growth): 50,000,000

II. Volume based protocol

Currently until temporal staking is live (explanation of how this works is further down) NOVO has a 5% transaction fee or tax. 2.5% is being sent back to the holders via reflections while the other 2.5% is sent to a staking address. Once TS and the dApp are live this staking address will distribute the rewards to the first round of stakers in the protocol OR sent to a burn address. This is still being decided on by the team.

III. Anti-Whale mechanism

Besides the wallets running the protocol (Treasury, Staking/rewards, and growth) No one wallet can hold more than 0.5% or 5,000,000 Novo. As you can expect this relatively easy to counteract with just using multiple wallets however, as price of this coin increases it makes whales abilities to pump and dump the coin as the transaction fees along with this feature make it incredibly hard to create any arbitrage opportunity as it is needed to be done over multiple wallets and very costly. In turn in any event this happens holders are rewarded with the fees generated by the volume (any volume is good volume with this protocol) and the treasury is also rewarded which increases the ability of the price recovery method with-in the protocols infrastructure (this will be explained in more detail below)

IV. Smart treasury

Currently the treasury is auto converted to BNB and deposited into yield compounders through stable coin single side staking and/or stable coin LP pairs. This diversifies the treasury across multiple over-collateralized stable coins and operates different than a traditional treasury as its not held in its native token.

V. Price recovery method.

In the event of a bear market the treasury can buy NOVO on the open market. The most important function of the Treasury is to perform PRM's which is Price Recovery Mechanism's. An example would be the Novo Treasury buying NOVO from the market to combat prolonged bear market exposure. This is where the part of the fees from the transactions going to the smart treasury comes into place. With more volume (even on the sell side in a bear market) The treasury becomes stronger and stronger.

All of the above have been implemented on NOVO's launch. As you can see the base implementation of this coin is already unique and provides holders to invest with confidence. A-lot of this is already used by economists and governments around the world. All rewards and mechanisms are backed by something with REAL value. Not "printed" or made up as we have seen with rebase tokens with their native coin.

The Vision (V2)

As I pointed out in the intro, this protocol not only has a great starting base layer but also the roadmap and future implementations only build and compound on the original foundation. Some topics will have the same label as V1. This is because with some of the other things implemented the original basis will be able to operate even more efficient but typically in the same manor as before.

I. Volume based protocol

Nifty visual breakdown: https://imgur.com/QZ9e96Q

On a transaction of $1000 there will be a 5% transaction fee. Within this transaction fee $20(40%) goes to the liquidity pool, $5(10%) is burned/removed from the supply, $5 goes into the treasury(10%), with the remaining $5(10%) going straight to the staking pool.In the event this is transfered a 2% fee will be applied with the same breakdown.

As you can see this is very lucrative for the holders of NOVO. However, You are probably asking your self how an why are people going to transact novo so we can reap the sweet rewards? The answer to that question lies in the Pilars of utility outlined in the documents provided on their website. I'll list and explain below and elaborate on the more in depth aspects:

II. Temporal staking

This one is something I really love and levels the playing field between all types of holders. I'm going to link straight to NOVO's website to explain this as there is an algorithm at play and it is different than your traditional staking methods. This will all happen within NOVOs dApp which is soon to be released.

Temporal Staking: https://novo-2.gitbook.io/welcome-to-gitbook/rest-and-reflect-aka-temporal-staking

The general idea is to give everyone a fair chance. To do this time staked is taken into the traditional equation and weighted along side the amount. This gives early adopters and loyalty to the protocol a piece of the pie where as with traditional staking whoever owns more of the liquidity is typically issued the most rewards. Once you un-stake your time resets and the people below you move up the ladder to higher time staked rewards.

III. Smart Treasury V2

This be the same as above except instead done manually it will be done via a liquidity advisor and smart contracts. NOVO realizes liquidity in the staking pool along side returns are what drives the strength of the treasury. Making this automated with set parameters along side an advisor who measures just how liquid the treasury is so NOVO can effectively launch PRMs is a huge win for the protocol in my book.

IV. Pillars of utility

Source: https://novo-2.gitbook.io/welcome-to-gitbook/pillars-of-utility

Pillar #1 - Temporal Staking: This is more than liquidity farming. Although we value liquidity, Novo doesn’t have a need for your liquidity. In fact, one of our greatest sources of income is our ability to provide liquidity. Temporal staking represents a commitment to the protocol that is measured and rewarded differently than other staking contracts. By staking your Novo and locking them in a smart contract, you are providing two things, stability to the project, and liquidity outside of our ecosystem. You will receive additional rewards from transactions that are earmarked specifically for stakers. This is where things get interesting. What happens next is a good segway into Pillar #2, Proxy Growth.
Pillar #2 - Proxy Growth: When you stake Novo, something we call rest and reflect, you are doing more than solidifying your share of the rewards, you are actively participating in other DeFi protocols. If a user stakes $100 worth of Novo, the Treasury uses $100 worth of BNB (or the native token of whatever chain you are using) and does one or more of the following functions: Stakes to Yield Optimizers such as Beefy.Finance Liquidity farming and AMM projects Additional Yield Farming opportunities Your staked Novo represents value and we don’t want to lock it, we want to amplify it for our holders, in a passive and (eventually) automated way. In other words, you can have your stake (think cake) and eat it too. But thats not all. There are more ways your staked Novo are earning. This takes us to Pillar #3, Treasury Yields.
Pillar #3 - Treasury Yields: The Novo Smart Treasury has a lot of jobs, but none more important than that of its job to earn. The treasury is the majority owner of liquidity. It earns a percentage of fees from transacted Novo across AMMs. The Treasury also receives a small portion of fees directly from volume. The treasury also receives ecosystem fees such as those derived from Novo Pay (Pillar #4) and future product releases. The Treasury earns for the protocol and distributes the earnings to the protocol via the stakers. Now let’s discuss Pillar #4, Novo Pay.
Pillar #4 - Novo Pay: We believe our greatest derivation of volume will come from one of our simplest products, Novo Pay. Novo Pay is a fiat to token onboarding solution meant for easy implementation in a project's Dapp. Novo Pay allows projects (including our own) to purchase a token listed only on a DEX directly with a credit/debit card. All in one module, any project can handle payment processing and KYC with all the regulatory requirements solved for and taken care of. Until buying tokens from new projects is easy, DeFi and Crypto as a whole can not grow to its full potential. Novo Pay solves that problem. Novo Pay used NOVO token to swap fiat to whatever coin available. This in turn will lower the barrier of entry for common people to get into DeFi. Everything they need is on-ramped easily and wrapped in one token. However if they wish to buy another token on Novo pay the swap will take place via novo to BNB for example. So if you have been following along until now you will realize this is a huge volume driver and rewards mechanism for holders of NOVO.
Pillar #5 - Blockchain Agnosticism: Novo in its current state is a token on Binance Smart Chain or BSC. A lot of people wonder why we chose BSC and our answer is twofold. The first, and more obvious reason, is that it is fast and cheap. This is DeFi and people need to move funds, approve staking contracts, and be flexible. Obviously, given the current state of affairs on Ethereum, it was not a viable option. The second reason we chose BSC is that we knew it wasn’t going to be our final destination, and would simply serve as a good starting chain for us. From day one, we have been quietly building a system to accomplish true blockchain agnosticism. Rather than minting and burning tokens, we are implementing bridge lockers that allow cross-chain transactions and support one overall supply. Which additional chains we add first will be up to the community. Achieving a single, unified supply is only the first step in true agnosticism. The second challenge, a more daunting task, is to implement a unified staking and reward mechanism that interacts with the Novo smart treasury on a protocol level, rather than a blockchain level. With the right execution, blockchain agnosticism paves the way for even more Pillars of Utility in the future.

Technical Analysis:

Obviously TA is not helpful on a coin that just launched. However, in the current market this coin has been moving well against bitcoin, It has done about 700%+ at the time of this post and has help prices for about a week now while constantly hugging ATH. So yes, I am saying it could go up or it could go down :). Luckily for anyone invested in this token the case remains that currently whatever volume, whether good or bad, means rewards.

This protocol has the safe and stable things we know and love about DeFi wrapped into it. This significantly lowers the barriers to entry to DeFi and thus makes it a very attractive up and comer.

Closing statements:

I have taken a deep dive into a ton of these new coins lately and have followed DeFi for quite a while. This has been one of the very few projects I have seen pop up with actual use. I fully believe this will be the next hot crypto and will be the building block of the future of DeFi. I am simply coming to this sub with the information I have found. I hope this has helped you at-least have a better understanding of this project. What you choose to do with this information is on you.

Useful links:

Interview with the founder done by Defi Enthusiast: https://www.youtube.com/watch?v=5JAmxnB-kwY

Wolf of Alt Street AMA with the founder: https://youtu.be/968XN-qD348

NOVO website: https://www.novodefi.xyz/

Novo Discord: https://discord.com/invite/CYQkfpF2fc

CoinGecko: https://www.coingecko.com/en/coins/novo

TLDR: CEO is likeable, Tokenomics are impressive, and future prospect looks incredible. Insert rocket emojis and obligatory to the moon!

Solana Can Rise 40% Thanks to Its Payment App’s Appealingly Low Fees-Cryptocurrency.Mohoagd

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SOL could rise another 40% if Solana Pay takes off and pulls market share from competitors
SOL could rise another 40% if its Solana Pay app takes off in the digital payment arena due to its super-low fees.
I indicated two weeks ago that Solana (SOL-USD) appeared very inexpensive and was likely to climb away from its trough price. In my essay, I stated that extremely negative market sentiment was dragging down SOL and that it was unlikely to endure.
It was trading below $100 at the time, with a price of $94.96 on January 22. However, as of Feb. 9, it was trading at $113.33, up 19.3 percent from the previous day. Investor interest in cryptocurrency is beginning to resurface.
Furthermore, Solana has increased 37 percent since its bottom price of $82.71 on January 24. This obviously shows that SOL is recovering from its bottom price level.
However, it is still significantly lower than both the year-end and three-month highs. For example, on December 31, Solana was trading at $172.10, representing a 34.1 percent year-to-date (YTD) decline. It is down 56.2 percent from its top price of $258.93.
Where This Leaves Solana
Solana is a prominent Ethereum (ETH-USD) rival for smart contracts, decentralized finance (DeFi) apps, and non-fungible assets (NFTs). Its goal is to make it easier to create decentralized apps (dApps).
Solana has recently entered the wallet market. This is built on a partnership between Solana Labs and Web3Auth. They unveiled a digital wallet project aimed at removing technical barriers that prevent users from setting up wallets and moving into the DeFi industry.
As a result, with a market valuation of $36 billion, Solana is now the eighth-largest cryptocurrency. This puts it neck and neck with Cardano's (ADA-USD) market valuation of $40 billion.
It is also a long way from its $55 billion market valuation at the end of 2021. As a result, there is still plenty of room for SOL to rise in the near term.
Analysts are now very bullish about Solana. Morgan Creek Capital Management believes it is one of the only coins capable of surviving a crypto winter.
The Solana Pay Launch
One of the reasons Solana is anticipated to last is its constant expansion into new territory. For example, Solana Labs, the parent company, announced the launch of Solana Pay last week. According to CryptoPotato, this is the company's first foray into the congested digital payments industry.
Solana Labs' announcement on February 1st includes an illustration of how its new Solana Pay dApp would herald in a new era of payments and commerce. The example assumes that "digital currencies are ubiquitous and digital money passes via the internet like data - unfiltered and without intermediaries charging every transaction."
Furthermore, the capacity of this product to significantly reduce prices for both consumers and merchants is one of the reasons why it has the potential to catch on. Solana Labs has the following to say regarding their prices:
"The protocol provides a specification that enables the consumer to send digital dollar currencies, such as USDC, straight from their wallet into the merchant's account, settling instantly with expenses estimated in fractions of a penny."
If the analogy of "fractions of a penny" is true, it must be more explicit. For example, Block (NYSE:SQCash )'s App costs merchants 2.75 percent to execute a transaction. That works out to 2.75 cents on the dollar.
So, if the Solana Pay app becomes popular and its cost is, say, 0.50 percent, retailers (and ultimately consumers) might save 82 percent of their current prices. This can be seen by applying the following formula: (0.005/0.0275) = 1-0.1818=0.818, or 81.8 percent.
What to Do With SOL Crypto
If Solana Pay takes off, SOL will likely rise significantly. Block, for example, has a market capitalization of about $65 billion. This is only 80% of Solana's $36 billion market valuation. Even if it only receives half of that 80% increase, its market value may increase by 40% to $50 billion.
Solana would be worth $158.70 for each of its tokens in such event. For most people, a 40% gain in a cryptocurrency is a very attractive future return on investment.
Solana Is a Cheap Crypto Buy Today As It Hits New Lows
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SOL Crypto may be decreasing as a result of investors' selloff of hazardous assets.
Solana has had a difficult time recently. This is especially true in the last week, when SOL crypto has plummeted drastically. For example, on December 27, Solana was trading at a recent high of $202.53. The cryptocurrency then dropped out of bed, and as of Jan. 22, it was trading at $94.96.
This is a unique chance for ardent cryptocurrency investors. For starters, they must be able to withstand the onslaught of advisors and skeptics who predict that the bottom has yet to be reached.
Furthermore, as Barron's pointed out, Russia's apparent ban on all cryptocurrency on January 21 left the market in "turmoil." As a result, the price of Bitcoin plummeted below the psychologically significant $40,000 mark. The Wall Street Journal refers to many who see this price level as a "line in the sand" for cryptocurrency bulls.
Furthermore, Ethereum went below a red threshold of $3,000 per ETH cryptocurrency. According to Barron's, both of these events "unnerved" many cryptos, including Solana.
Solana and Crypto Market Crashes
Solana has a market capitalization of $29.9 billion as of January 22. SOL cryptocurrency had not traded this low since the end of August 28, when it was trading at $94.47. Meanwhile, it had risen to $258.93 by November 5. However, the cryptocurrency has already fallen below $100.
This represents a 63.5 percent decrease from its most recent top. It signifies a loss of more than $52 billion in value for Solana. Keep in mind, though, that this is nothing compared to what has occurred to Bitcoin. According to Bloomberg, Bitcoin's market value has now dropped by more than $600 billion as a result of its 50% drop.
Of course, Solana might drop below $90, which would be a significant red flag for Solana. But, for the time being, I don't see that occurring.
For one thing, there is normally a relatively speedy return after big dips in financial assets and securities like these. According to my experience, it normally takes months for a large break in financial assets to begin to make a significant comeback.
Furthermore, according to A Wealth of Common Sense, half of all market breaches achieve breakeven in less than a year. The website keeps track of all stock market collapses and indicates how long they lasted. Granted, stock market crashes are not always the same as crypto market crashes, but the same principles apply.
What Could Be Causing the Crash
Not everyone believes Solana's deterioration has ended. Coin Telegraph, for example, just released a post claiming that SOL crypto might plummet to $70 per token. Granted, this is based on bearish chart pattern analysis, which is a technical, rather than a fundamental, examination of the cryptocurrency.
The report attributes Solana's collapse to the Federal Reserve System of the United States' decision to "unwind its $120 billion a month asset purchasing program, followed by three or more interest rate hikes spread throughout 2022."
The post accused the Fed's "loose monetary policies" for "help[ing]" to boost cryptocurrency valuations, especially Bitcoin (and others like Solana). The article also mentioned a "head and shoulders" shape in the SOL cryptocurrency price.
According to a recent Forbes story, investors are scurrying to "dump off risk assets" as "central banks turn off money taps simultaneously."
What to Do With SOL Crypto
Whether SOL crypto falls below $70 or not, it is unlikely to stay there for long. In fact, now is probably an excellent moment to start stockpiling SOL crypto.
One rationale for this is to average down your initial cryptocurrency cost. Furthermore, for those who do not currently hold SOL crypto, it appears to be a rather inexpensive starting point. This will be the case even if the price continues to fall, as it will present another opportunity to purchase the cryptocurrency at a low cost.
The main line is that SOL crypto is becoming more affordable and may be nearing the bottom, indicating that it is approaching a low price.

Just the entire text of the cryptoland video

hi this is me christopher a crypto d-gen

with a crush for crypto kitties i'm on

my way to crypto land the number one

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enthusiasts or crypto landers like we're

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individuals in real life and when connie

the founder told me that visionary

investors could own a piece of this

unique island i smash bought one of the

60 exclusive parcels on the blockchain

hills that's how i became a king crypto

lander there it is

[Music]

so are you coming to the vladimir club

party tonight yeah just for crypto

lander nft holders right yeah man

have a nice day soon thank you

connie christopher come here buddy

it's been a while yeah 50 000 blocks at

least been waiting for you since

consensus what are you a pending

transaction or what well i guess i'm

confirmed now ready to become a crypto

land maximalist this is crazy

sir

welcome to crypto land the hodlers of

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brilliant hey stacking stats like crazy

right

honey badger don't care the community's

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you to give me a tour connie what do you

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and then i'll show you around all the

other king kryptolanders have been

arriving from all corners of the world

when we get to the blockchain hills

you're gonna understand what i meant by

a first-class crypto lifestyle man hey

martin please get us a car would you yes

sir everybody is here

carolyn here he is

hi hi mr adams nice to see you sir did

you have a good flight oh yes excellent

thanks for asking great here are your

keys

not your keys not your bitcoins

seriously

your keys your bitcoin not your keys not

your bitcoin

where do you come up with these crazy

ideas

[Music]

i'm not going to tell you where

sir

the lambo is ready

what

into the room to the room not the moon

entering the blockchain hills hey what's

that the vladimir club cryptolanders

members only club we are preparing

everything for tonight we are throwing

the most epic crypto party ever i wonder

who your plus one is going to be

here we are king crypto lenders

territory

and here you have these 60 parcels i

can't wait to get to mine

oh my wow

i got the parcel to build something dope

for vacations but now that i'm here i

might never leave i already see we're

gonna have the time of our lives show me

more okay

first stop of the tour this was on the

top of the list a much requested working

zone recurve

folks approach me saying connie we need

somewhere where we can be programming

surrounded by palm trees and views to

open sea they were sick of working from

tiny offices why do that when they can

work from paradise so we built it come

on in

people are picking up their passes for

the event tomorrow starts the crypto

land blockchain week we organize a

number of different crypto conferences

and meetups year round lots of crypto

vips coming tomorrow you can feel the

entrepreneurial spirit here you can work

get coffee and when you get stressed you

can hit up the distress room

the distress room

yeah the distress room a pool full of

coins that's insane don't be shy go

ahead and try everybody loves it

if you like this just wait until you see

what's next

[Music]

the crypto restaurant you're gonna love

this christopher

to the moon you little bot

jim any tables available well we can set

up the 12 if you want all righty here we

the order book

for startups i would suggest the 10k

bitcoin pizza

lemonade

thanks

where's my fork oh and of course you're

gonna love this there they are flash

crash soda the lightning network juice

oh i'm sorry no no no no please go ahead

i am i'm not a fan of forks you know

oh yo yo

classic

thanks enjoy your meal

see you around

while you were too busy doing your

impressive wordplay i went ahead and

ordered for you a 10k pizza and a bubbly

mutant serum for you bon appetit

[Music]

you know connie i think i'm falling in

love with this place

it's so peaceful

peaceful if it wasn't for those flying

hackers watch this

bitcoin holy smokes this is mass

adoption at its finest what's that

that's crypto land's walk of faith wow

follow the crypto stars and you'll get

to the moon that was fun boy we are in

crypto beach and fun is the norm here

oh you invest study the best and what do

we say when investors make the test

let's make a deep dive so we can survive

you don't want to end like my mount gox

friend but enough of swim let's go to

the proof of work gym you can work out

make the ladies pass out lift the aces

like you mine now thanks to bitmain

sweet friend of mine but not everything

is pretending if you want a happy ending

you will need to combine

body and mind got the keys

of my wallet

where i hold crypto land tokens

cause this place

is blockchainized

get familiarized

i don't want to

[Applause]

[Music]

that's the leave look at my face i'm in

the crypto space

[Music]

one of my favorite attractions here in

crypto beach the micronation of

cryptocurrency which coin uh eek

i'll go with btc if i'm lightning fast

three two one go

[Music]

okay boy you beat me here but i swear on

the ball i'm the king ride along for

your dear

this is

i'm exhausted

cheers christopher

i'm still amazed by the success of the

cryptolanders nft collection what a

great idea it's the visionary community

of cryptolanders that supported it those

are the real ogs they quickly understood

how powerful creating a physical

representation of the metaverse would be

but in retrospect it was inevitable is

that you finally built the pyramid

[Music]

i come from new york city new york

i came here to connect a little bit you

know and have fun

[Music]

oh my god

this must be a joke

hey christopher check that out i bet you

haven't seen a pinball better than this

one in your entire life

the world is not anymore like it used to

be no no no

oh look at all these details

create an account deposit your money

lock it up become rich involve family

and friends check your balance

i love these games well if you like

these games then you might want to try

carlos in new york and ponzi connect

well i kicked bernie madoff's ass

ring ting ting ting ting ting ting

[Music]

this is like the disneyland of kryptos

oh no no give me my wallet no no my

hardware wallet

are you okay yes but he got my wallet i

know it's enough i'm gonna get him

hey darling i know where we can get a 20

game 20 or more let's take profits baby

before you go on free fall

oh no he's flying away

hmm

i forget about it bitcoin is dead he's

dead

oh my god thank you

by the way i'm bianca

christopher nice to meet you again

um would you like to go for a walk

actually i was thinking about taking a

crypto kitty

would you mind sharing i would love to

looks like he found his plus one

vladimir club's party is about to start

as promised we saved the best for last

see you all there

[Music]

Bitcoin bookmakers for US bettors

The majority of states in the USA have around 6-10 bookies. For bettors who want to take advantage of bonus offers and European soccer events, or crypto bookies, these are not offering too many possibilities.

Check the following article and you might find some new bonuses and a wider betting market offerL

Anonymous betting sites and bitcoin bookmakers

The s-curve adoption shakeout from PoW

All s-curve adoptions have a shakeout phase. This is the phase where the winner starts separating himself from the pack, and everything that cannot compete dies. This post is an updated one to my post earlier today. People read the title, clearly didn't understand it, downvoted it, skipped the writing, and went straight to the comments section thinking it was pro-shitcoin, when in fact it was the opposite, discussing a reason I haven't heard discussed here as to why PoS is necessary for altcoins, and why BTC's hashpower is a black hole for anything reaching its event horizon in PoW. Here it is again:

Consider Bitcoin Ca$h. Currently, it takes 5% of the BTC hashpower to effectively 51% it. But the problem is, BTC’s hashpower is growing parabolically at a rate 10x Bitcoin Ca$h’s. So by 2025, it would take less than 1% of the BTC hash to effectively 51% it. So it [Bitcoin Ca$h] should continue drawing down in price as it has for 5 years (down 80% in that time), and sliding down the mkt cap rankings (#3 to #27) to where a 51% block reorg isn’t worthwhile or meaningful.

This essentially, means blockchains that use ASICS can be born, but can never be competitive with bitcoin to a point they’re ever relevant. This impairment resistance of bitcoin’s growing decentralization has many parallels in evolutionary biology. It also means that as time goes by, non-canonical forks can’t exist either.

The Vitalik Buterin chain was begun just in time to avoid this filter, but in doing so and remaining competitive, they had to give up informational scarcity—one of the foundations of cryptography. That’s why a full archival node of theirs is 4TB and rapidly growing, while a full node for BTC is 380GB, even though the Bitcoin network is twice as old. Over time, their node growth and thus decentralization gets weaker, and the network slows. PoS is the only way to save its expiry. But by giving up one-directional entropy, your hardness softens, hardness meaning how hard it is to create more. That’s why you need BIP’s to “manage” and reduce your supply. This is never ending. And if it’s never ending, it means simplicity is no longer a fundamental security practice.

The real version of DeFi, the real goals of web3, and decentralization at large, will naturally build around a global stateless money. Money is not TPS, TX cost, or throughput. Those are all features of a blockchain. Wether it’s a human body, a planet, a pizza, or physics, things get built in layers.

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