Crypto Stuff I'm Looking At Today --- - Bitcoin Fear/Greed at 50 - Altcoin Season Index at 71 - Note: Had a couple people ask how the Altcoin Season Index is calculated - as far as I understand it is the % of top 100 alts outperforming $BTC on the 90 day... - Plasma now 5th biggest chain by TVL and is still dominating attention the TL, but now that its been a few days and yields are going down a bit we'll see if CT attention rotates... - Yearn founder Andrew Cronje does massive raise for Flying Tulip and Curve Founder Mich launches Yield Basis - Euler hits an ATH in revenue - Pendle having a lot of success with Boros - Meteora TGE coming Oct 23rd - $EDEN airdrop today - Bunch of altcoin ETF's look to be approved in October - Laura Shin launching Unchained Pod on PumpFun (personally think this livestreaming meta has legs and will be ongoing for quite awhile) - October is historically a very good month for Bitcoin price action - Prediction Market volumes have stayed high the last year despite worries they would decline post-election... - DefiLlama is hiring for a sales role under my good friend @patfscott and if you are a mutual of mine with good skills at online + voice communication and good defi knowledge I HIGHLY HIGHLY encourage you to take a look at it (DefiLlama is probably the most sought after and/or high value place to work in crypto and crypto is probably the most sought after and/or high value industry to work in right now so its quite an opportunity imho) - Oil prices continue to decline (as stated in TDD today I am a firm believer in Doomberg's theory that oil prices are going down and will average $55/barrel or less for the rest of this decade) - Finally, gold continues to absolutely surge (more thoughts below)... Conclusion I have been thinking a lot about gold the last couple days... If you price everything else in gold rather than USD the last few years make a lot more sense... Stocks fell big in 2022 and have come up since then but are far from nosebleed levels... US real estate has been down only for 3.5 years, and has fallen by about 50%... And crypto had a massive crash in 2022 and has slowly rebounded, HOWEVER in gold terms we are still below the 2021 high's and there hasn't really been anything resembling a "bull market", just a slow return to status quo one might say... As a result... I think the REAL bull market is going to start sometime between now and Q2 of next year... When crypto finally starts to see outperformance not just against USD but ALSO against gold... That is when things will really start getting crazy :) I hope you are prepared my dear anon 🫡
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