Ethereum validators generate revenue by validating transactions. Some transactions pay better than others. Archer DAO incentivizes validators (miners) to partner with onchain analysts & traders (suppliers) to validate more profitable transactions. $ARCH
Archer generates more revenue during times of extreme volatility. Once Archer grows, it would be reasonable to expect its price to exhibit negative correlation during market crashes. If so, $ARCH would become a great portfolio hedge and reduce risk.
$ARCH launched five days ago. Market cap is now $2M, $45M fully diluted. As 50% of tokens are owned by token holders themselves via the DAO, could compute an adjusted MC of $22.5M. Ignoring this 50%, the 6 month MC would be $11M.
From one of the founders (screenshoted from the public discord).
It's too early to get into cash flows projections, so can't tell if the current price makes sense from a fundamentals perspective. As with all new tokens, $ARCH is most definitively a massive gamble. DYOR.
To learn more about Miner Extractable Value (MEV) go over this linked thread by @FrankResearcher (looks like he just joined The Block).
Expect $XRP to continue trading as a high beta, i.e. a faster horse. Instead of the low beta it has been since 2019. Together with $LTC, ideal for getting exposure to the legacy alts.
It is hard to solve a problem if can't discuss the problem openly and identify its root.
The issue with racism nowadays is twofold:
#1 racism itself
#2 PC censorship
People who explore how differences among ehtnic groups are sometimes not caused by racism are often censored.
Cognitive differences among social groups are real. Censoring this reality is counterproductive. It ties back to education at early ages. Education in the classroom, and education at home. To level up the field have to address educational differences at early ages.
Rant du jour elicited by today's NYT article on racism at Coinbase.
Michael Saylor revived Microstratregy by effectively turning it into a Bitcoin hedge fund. Prior to that Microstratregy was a quasi dead tech company. He did so knowingly. Saylor job is now promoting bitcoin. He is pumping his bags.
Paul Tudor Jones is a brilliant macro speculator.
Michael Saylor is a brilliant game theory operator.
Not the same thing.
Effective shilling in large scale (relative to market cap) increases the odds of bubble formation. Saw it in 2017 with bitcoin, and see it recurrently with altcoins, where influencers take positions, shill them, and later dump on the masses.
The SEC has five commissioners. Three (Clayton, Roisman & Lee) have a history of voting against Bitcoin ETFs. Peirce is pro-bitcoin. Crenshaw is new and her stance is unclear.
With Clayton stepping down, the big question is if Biden will appoint a pro-bitcoin commissioner.
For perspective, this analyst is a big fan of moon targets. Here's his earlier take on gold and silver (from July - a week after the breakout).
This kind of technical analysis is of little value. There is no edge in guessing targets so far in time with TA. All we know is that price is likely to continue going up, and a lot.
But readers loves this. What matters here is Citi's clients being exposed to the bitcoin moon.