Bitcoin is down nearly 6% this week, forcing crypto bros to climb off their high horse and face the reality that a 2021-style pump might not yet be around the corner.
This growing supply-demand gap is set to trigger a supply squeeze that could have a very positive – and potentially explosive – effect on Bitcoin’s price.
One of the most important things Saylor pointed out is how full-fledged treasury companies are capitalizing on Bitcoin.
The world ran on gold-backed credit for 300 years. The world’s going to run on digital gold-backed credit for the next 300 years. So treasury companies are holding digital capital and creating digital credit instruments.
Saylor said that Bitcoin’s current correction is nothing more than the token battling some technical resistances and macro headwinds.
Once it wins that battle, ‘we’ll actually see Bitcoin start to move up smartly again toward the end of the year.’
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That’s because $HYPER is building a new Layer 2 solution for Bitcoin – one that finally addresses the long-standing issues of speed and scalability on the Bitcoin blockchain.
So while it remains the most investable crypto, it’s hardly contributing to crypto’s infrastructural growth.
Sure, these transactions take place on a side chain. Still, you won’t have to compromise on Bitcoin’s renowned security – because $HYPER sends a summary of all its transactions back to the Bitcoin mainchain.
Additionally, the SVM also powers a full-fledged Web3 environment on Bitcoin, thanks to smart contract and dApp functionality.
Currently in presale, Maxi has allocated a whopping 40% of its total token supply to marketing.
Maxi targets Dogecoin because of an old childhood rivalry. Growing up as cousins, Dogecoin’s popularity and crowd appeal saw Maxi ignored at family gatherings.
That’s what transformed him into the beast we see today – fueled by protein shakes, caffeine, and, of course, pure hatred for Dogecoin.
Now, after spending almost all of September consolidating and catching its breath, TROLL looks ready for yet another eye-popping rally.
The token is already up over 15% this week, and given that this bounce comes right off the 100 EMA on the daily chart, it could very well end up being the lowest you’ll find TROLL for in a long, long time.
To fully understand TROLL’s hype, we need to dig into what it stands for. As the name suggests, this popular meme coin is based on the chaotic internet culture of trolling.
Think of trolling as throwing shade – sometimes light, sometimes heavy – at just about anyone and everyone on the internet, from popular celebs to even your neighborhood buddy.
The $TROLL token captures that spirit: fun, irreverent, and at times even a collective bonding experience, if you believe in the lighter side of trolling.
Controversial? Yes. But that’s exactly the kind of energy a hype-driven meme coin needs to shoot for the moon.
Disclaimer: This article is not financial advice. Crypto is highly risky, so kindly do your own research before investing.
