Nice landmark boys. We hit 100+ sats on both exchanges for the first time in a year after dropping sub 40 not too long ago. I wasn't buying any of this up-tick the past months so it has absolutely nothing to do with me. It's either a whale or a bunch of buyers perhaps seeing the value all of a sudden. Or not, who knows.

But this has been really nice to see solid price action on such a noteworthy cause out there to fight censorship and Big Tech.

Next landmark stop, 200 sats?

I guess depends on your definition of landmark. 1-year high seems reasonable. I guess landmark wise from recent history, 700 sats would be the next target.

The 1-year chart:



The more recent local high @682 sats



And yeah, relatively, it looks flat there. I guess it all depends on your entry point. If your entry point was post July 2021, then it's currently a real good situation. If you are a bag holder from earlier, then yeah, it's effectively useless.

Perhaps? I think you'd have to email LBRY to get their attention. That said, I think this can be a tough issue to solve for with blockchain stuff. And I doubt it's their top priority between the lawsuit and core development.


Market wise, $LBC seems to have stalled a tiny bit. There was immense buy pressure up from 40 sats and just no sell side liquidity the whole way up. So the price just moved up. Then as the price finally got to the 130-150 sat region, some sellers finally put in huge orders for millions of $LBC. But interestingly, it seems like the buyers are just as determined now as they have been at any other time. This has lead to a massive increase in volume. Pretty much the highest seen this calendar year.



It'll be interesting to see who wins out between the sellers and buyers. My guess is on the buyers because my guess is the sellers have finite $LBC and the buyers just don't care at this price.

That said, there's a pretty solid argument on the other side of the aisle that price action can't be supported at these relatively high prices. Will be a fun one to watch.

The big drama in theory is that by the end of the week there has to be an answer to the LBRY/SEC case or else it goes to trial, starting a week from now, is my understanding. Someone correct me if I'm wrong. So there could be huge crypto news breaking any day.

In the mean time, MintDice dropped a third in depth article regarding LBRY / Odysee:

How To Support LBRY/Odysee (Free Speech Maxis Unite)

There's so many random things that could happen as a result of the case that could be discussed. The only certainty as I understand it is that if either side loses, an appeal is going to be filed meaning never ending drama.

Worst possible news for LBRY, they lost. Next steps to be announced soon.

https://odysee.com/@lbry:3f/secvslbrysummaryjudgementruling:a

Best thing that can happen for LBC token is for LBRY co to just close down, burn all the rest premine, and make LBC same level of decentralization as BTC in some ways.... that is the right and only way forward!