I just had a thought looking at the descending price of CORE. I realized after studying the tokenomics of Bitcoin’s deflationary system by halving the rewards for miners every four years that people are probably selling out and buying bitcoin as a short term speculation trade.
So I can’t help but wonder if it’s no coincidence that the pulsara airdrops are happening this year at the same time, because the key requirement for continuing to receive the airdrops this year comes down to actually holding above 90% of your initial holdings. So basically people have to either choose SARA/CORE for the long term or Bitcoin for the short term. Plus anyone selling out means we get a higher percentage of the airdrops.
And if that is by design and not just happenstance, I’m actually feeling excited about the developments in store for 2024 and 2025. As Bitcoin goes up in price and alt season comes around for the bull run, I think integration with exchanges like crypto.com and wallet apps are going to come pouring in. After all the main driver for upward price action is adoption, and who doesn’t want to transact for minuscule gas fees compared to ethereum? Solana is great and viable the larger your transactions are, but with CORE at least people will be able to transact in smaller more frequent volumes which will grease the wheels for crypto trading, especially for arbitrage traders!
Let me know your thoughts. I’m on the lookout for adoption events this year and next.
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