S&P (yellow) after a bit of a break out this last month is going down and dragging ETH dominance (Dark Green) the previous charge leader down as well. USDollar (Yellow) was in a steady free fall and also turned sharply up but the winner of the corrections here is BTC.Dominance. (Orange) then you have DeFi (White) ETH (Bright Green) BTC (Bright Orange) etc get checked a bit as they finish the first positive uptrend move in months.
In the past BTC Dominance spikes like this as ETH and DeFi battle for profits and hedges. The big difference this time im seeing is the ETH.D break away and lead the charge over the other indicators. This could be due to more folks HODL'n ETH not selling scooping and just in general ethereum seems to be the go to more and more. Think about it. If you go from BTC to ALTS ETHEREUM is always a stop on the journey. In or out of all crypto chances are you well pass through or and spend time interacting with something Native to the Ethereum Blockchain.
Biggest parts of crypto that need work/to watch for project advancements in etc are currently.
1. Cross Chain Security and Friction ie the ability to move data and value from one block chain to another and even into and off crypto via mainstream banking or ie transferring tokens to fiat and getting the cash in your hands and moving tokens or whatever on and off crypto blockchains or cross chain ie lets say from ETH to Binance Smart Chain "BSC" that and all aspects really of DeFi esp more complicated projects focusing on exchange rate price differences etc.
This is where most of the hacks or exploits in crypto come from. ie moving cross and on and off chain we see rushed out code with vulnerabilities that are inevitably exploited. projects like COSMOS are the key and will be HUGE here.
2. Layer2 capabilities or just in general making things cheaper to use. As crypto connects the dots and continues to make advancements trades esp will be next to nothing in cost to execute. Its truly a race to 0 for the exchanges and Decentralized Exchanges or DEX's My personal pick here is ZKSpace and OPTIMISIM or OP = (basically the layer2 Uniswap)
3. Main stream tech adoption. ADA and other KYC heavy blockchains are, I grudgingly admit, going to be the tool that introduces more and more mainstream business/companies into crypto infostructure and tech. ( the other area to watch here is what blockchains are likely to host government stable coins ie ALGO or AVAX maybe, XRP ehhhh naaa, DOT na wrong set up and "To ETH"...
look for new projects that push the envelope and can be user friendly enough to capture market share in these areas. that and whats cool, what has the ability to go viral in hype.... one thing i did learn last year was "respect the pump' ie that DOGE pump was something to behold and a good reminder of what can happen when crowds of masses gather in any shape or form... paya ttention in these cases no matter how illlogical or dumb they may seem. when that many people and money and energy comes together stuff can happen and fast... respect the pump ://HGM/0Ut_
In the past BTC Dominance spikes like this as ETH and DeFi battle for profits and hedges. The big difference this time im seeing is the ETH.D break away and lead the charge over the other indicators. This could be due to more folks HODL'n ETH not selling scooping and just in general ethereum seems to be the go to more and more. Think about it. If you go from BTC to ALTS ETHEREUM is always a stop on the journey. In or out of all crypto chances are you well pass through or and spend time interacting with something Native to the Ethereum Blockchain.
Biggest parts of crypto that need work/to watch for project advancements in etc are currently.
1. Cross Chain Security and Friction ie the ability to move data and value from one block chain to another and even into and off crypto via mainstream banking or ie transferring tokens to fiat and getting the cash in your hands and moving tokens or whatever on and off crypto blockchains or cross chain ie lets say from ETH to Binance Smart Chain "BSC" that and all aspects really of DeFi esp more complicated projects focusing on exchange rate price differences etc.
This is where most of the hacks or exploits in crypto come from. ie moving cross and on and off chain we see rushed out code with vulnerabilities that are inevitably exploited. projects like COSMOS are the key and will be HUGE here.
2. Layer2 capabilities or just in general making things cheaper to use. As crypto connects the dots and continues to make advancements trades esp will be next to nothing in cost to execute. Its truly a race to 0 for the exchanges and Decentralized Exchanges or DEX's My personal pick here is ZKSpace and OPTIMISIM or OP = (basically the layer2 Uniswap)
3. Main stream tech adoption. ADA and other KYC heavy blockchains are, I grudgingly admit, going to be the tool that introduces more and more mainstream business/companies into crypto infostructure and tech. ( the other area to watch here is what blockchains are likely to host government stable coins ie ALGO or AVAX maybe, XRP ehhhh naaa, DOT na wrong set up and "To ETH"...
look for new projects that push the envelope and can be user friendly enough to capture market share in these areas. that and whats cool, what has the ability to go viral in hype.... one thing i did learn last year was "respect the pump' ie that DOGE pump was something to behold and a good reminder of what can happen when crowds of masses gather in any shape or form... paya ttention in these cases no matter how illlogical or dumb they may seem. when that many people and money and energy comes together stuff can happen and fast... respect the pump ://HGM/0Ut_
