Some green markets today again for the first time since ages it feels. Nothing special I reckon and I surely do not believe that the bodem is in, but it is good for people to notice that crypto isn't dead at all.
The whales will suck some new players in again to steal their money, but we all know better it is for the long haul, and because of that these kids ain't worried a bit.
Pixabay
But as said, it is good to see some relief again after a couple of collapsing tokens where the tokenomics weren't as good as you initially had hoped. Dragging down other things feels logical, but never has crypto felt more connected to SPX and the DXY than now. It ain't a game of some pirats anymore, the pirats are taken serious but that also means the pirats are more affected by other markets than they were before.
The macro picture feels fragile still, with ratehikes, unstable political climate, and prices going through the roof because of inflation. Even a better moment to believe a bit more in BTC with a fixed supply, it wouldn't be that bad if the world would also realize this.
Apart from this doom scenario for the next couple months (which I do believe in, and also that the portfolio ath was indeed in November, and suckers as we are we fell for it again and bought back too early) it does feel again a bit more as if crypto got more mainstream and accepted again as the total marketcap continues to increase in the long run.
I wish I knew the whole picture and the future that comes with it, but we all just don't. The best thing to do is enjoy a green day here and there and enjoy this relief rally for the moral to ensure yourself that crypto ain't dead as yet.
But stay cautious....I was too early