Following Bitcoin breaking above $100K, Solana has surged past the $150 resistance, confirming the bullish cup and handle breakout pattern. Since the market is bullish, it would rally toward the $200 level, let’s see it might probably hit it in a few days. The strong support which was held around $140 after multiple retests shows signs for further upside and as long as the strong market momentum continues, SOL upward trajectory is bound to continue. I’ve also been coming across traders predicting $300-$400 but i don’t agree because altcoins are unpredictable.

Well said!! I do say this a lot, memecoins need thorough research to make it big but no most degen traders want to invest in memes without applying patience. Early entrys are the best but FOMO has got the best of them which make them lose at the end.

I still recall the NFT hype of few years ago. It was the most popular form of digital art then, thought it will stand the test of time probably 10 years but unfortunately today NFTs have not only faded, it has lost value. Few years ago when NFTs were making headlines, people bought them at ridiculous prices hoping to get rich quick on the long run. At some point it was sold at fund raising events which was cool.

I still recall when the internet when Justin Sun bought a banana-on-a-wall art piece for $6.2million, in his case he didn’t buy it for profit he said he bought it because the piece represented a cultural phenomenon that bridges art and the crypto community. But presently i think it’s safe NFTs don’t stand a chance to go mainstream anymore, even though they were seen as a key part of Web3 ecosystem then, it doesn’t hold no real utility to make it significant now.

I wonder if OpenSea and Doodles still generate enough revenue from NFTs anymore because now everyone cares more about AI, ChatGPT than NFTs.

Well said!! The trilemma still holds and until we see real results, it’s all just potential on paper because down the line there would be centralization issues.

Exactly!! The trilemma has proven to be a tough challenge to overcome, as many projects that claimed to solve it often fall short or lose focus. Checked Shardeum on Bitget now but i won’t judge as it's still early but the performance is quite good. Let’s see how it plays out with time as the market is bullish. As it’s a L1 project, we’ll keep watching it’s long-term adoption and community growth. Every L2s just come up with the attempt to solve recurring issues, which at this point i doubt if it’s good thing.

There’s a couple of times i would read a project whitepaper and i would presume it’s just a stretch. I mean some recent projects are just rebranding what’s been done in the past years.

I came across this project Shardeum that claims to be an EVM-based L1 blockchain that uses dynamic state sharding to address scalability trilemma. To achieve low gas fees, high speed and a more decentralized system. Basically, it operates the sharding process.

Algorand also claimed to have solved the “blockchain trilemma” with PPoS(Pure Proof-of-Stake) but has this challenge been solved ?

The crypto space is always interesting, major CEXs offer different opportunities here and there and sometimes I don’t even think much to them because some offers seem too good to be true.

It’s funny how exchanges are giving rewards to memecoin traders more now, seriously when i saw there’s a reward for $MYX traders earlier, I thought to give it a shot. It seems with Dogecoin and Shiba Inu ETFs going through approval, focus is kinda shifting towards the memecoin narrative, like I’ve been observing alot. You can imagine how shocked i was when i saw $donkey doing over 2000%. Everything is getting more interesting, what do you think of this shift in narrative ?

I learnt very early never to buy the tops and never to buy back as long as you’ve taken profits as it always put the trader in losses. This is why most degens end up in loss, the best is buy early and if you couldn’t buy at the early stage never FOMO in. This is why i check the Onchain section of Bitget always, i’m able to find coins early through it before the price move uptrend.
For instance, $neet and $donkey have done over 10x since they launched few days ago. Also, never invest what you can’t afford to lose is also important. I noticed most traders know this but don’t put it to good use.

Yeah, that’s true the hype around Launchpools isn’t what it used to be compared to few years ago but I wouldn’t cancel them out in my opinion because that reduced hype might actually be a good sign, you know less noise means less competition which is a better chance to make a good ROI.

I remember when I started participated in launchpools, personally it one of the avenues i take to maximize my tokens. I even told one of my friends but then but he seemed less interested he didn’t like the idea of locking up one’s allocation while on the flipside, i hop on any opportunity offered by my exchanges to lock and get more.

As opposed to memecoin trading that can be highly profitable and highly risky as well, I prefer launchpools as they are less risky. Though I haven’t participated in any this year but when i saw OBOL on Bitget launchpool, i thought to start with it this year. I’ve also participated in Bybit lauchpool as well to see which one i would prefer. Traders often have mixed sentiment about this but what’s your take ?

That’s great..$30 worth of Bitcoin then would have appreciate into a huge amount now but i know alot of us were not expecting Bitcoin to be as big as it is today. I like the fact that exchanges give rewards for new signups, i also signed up with the second exchange i use because of the rewards, i even heard recently that Bitget is rewarding BGB to those who refer their friends. I’ve also noticed that the promo these exchanges offer has made a lot of difference because it serves as an encouragement to newbies to come onboard to explore the crypto ecosystem.

I remember few years ago when one of my friends introduced me to crypto few years ago, do you know this guy introduced me because of a invite to earn contest he was participating in on an exchange. Whenever I remember it amuses me because i am more invested in crypto now than he is because he ventured into another industry.

Well, thank God for that day, if not i wouldn’t have been interested in crypto not to talk of investing in it. I’ve heard different stories about this, what’s yours ?

You are lucky to have participated in the airdrop as it was late before i found out about it. I’ve seen the potential which is why i’m more interested. Can’t wait to see its performance when it finally launches

Thank you for this…i never specifically focused on L1 projects on premarket before but you mentioning now kind of made me realize that’s also a smart way of choosing. I mostly check for the project’s usecases, volume and liquidity, i later checked Sign on Bitget premarket, it’s been performing fairly well but won’t compare it yet with the past successes.

The crypto market is currently bullish rn, and i’m finally feeling optimistic again. I won’t lie i’ve been thinking about premarket trading lately because the past few ones i traded made me good returns.

I’ve seen there’s mixed sentiment when it comes to trading tokens on premarket and i can’t overlook the fact that it’s highly risky but when i check the technicals, the volume and liquidity of the token i have in mind, it has helped me a long way. Also, most especially its usecase. I remember when i traded Grass on premarket, the return was quite good, recently went for Initia and now I’m thinking of getting my hands on Sign after realizing, it’s powers tools like TokenTable.

But what would you check for, if you were to trade a token on premarket today ?

Following Bitcoin price, since April 22 we’ve seen it fluctuate between $91500 and $94500 and many are monitoring its price movement. Traders are uncertain and finding it difficult to predict its next major price action. Personally, i keep thinking if the price consolidation will end this week and hopefully we see a break through above $95k.

What’s your opinion, do you think it will pass above the current resistance zone of $95,000 in a few days or not ?

You are getting me wrong, what i was insinuating was the more people that are being onboarded lately are more interested in memecoins rather than the core which is Bitcoin and other major altcoins. Most of them are into crypto for the quick profits they would make they would make from memes without understanding the risks that come with it. Some don’t even have the enough knowledge about the crypto market.

Personally, i think we’ve done enough when it comes to crypto adoption. I mean i think currently we don’t need to onboard more people into the crypto space at this point. I know the industry is ever-growing and there’s already a solid user base actively participating.

I got to know this social network ZORA, which i saw on Binance and Bitget that claims to reward users with crypto tokens and honestly, i don’t really understand why a social media network would tokenize it content with the aim of crypto adoption.

It got me thinking about its reason behind handing out tokens to drive more adoption, especially when the main purpose of that adoption is not really aligned. I’ve noticed the more people we bring into the space, the more diluted it becomes as most of the new users are  into crypto to explore memecoins, hoping for quick profits without knowing the risks that come with it. Some don’t even know how to trade to the extent of understanding the ecosystem. They are just here for the hypes.

I think instead of pushing adoption through social platforms, it would be better if governments and more institutional investors begin to accept crypto as this will increase market stability and bring in more liquidity. It’s not about growing numbers anymore, we should maintain the quality of the space.

I’m curious though, what is your opinion about this ?

I’ve heard a lot of crypto enthusiasts say they can’t be involved in the gamefi industry as much as they used too. Simply because the ecosystem is kinda declining in value with many projects failing and their tokens price dropping and i keep thinking about the reasons the gamefi sector failed despite its huge potential.

I keep thinking could it be lack of interest in investors or could it be the ecosystem is lacking in value because i think gaming projects should come up with more solid ideas rather than the common play-to-earn format.

Seriously, i’v been thinking if AI could solve the problem a bit, i mean if AI is implemented to improve projects use cases beyond the typical P2E then maybe we could see some improvement. Honestly, when i saw this gamefi project, Balance was to list on Binance and Bitget, I thought would this be another project that won’t happen to see the end of the day. Hopefully, the gamefi sector growth increases this year.

I always wonder if people will ever stop falling victim to scam incidents one day but unfortunately, i don’t  see that happening soon because just like you said scammers always change the tactics they use. The sooner people realize that there’s no shortcut to success in the crypto space, the better for them.

This is why education is important, many just want to come into the space to make quick profits instead of taking time to understand how things are done. Funny enough, some understand but I’ve allowed greed to cloud their decisions.