Stephen Michael Profile picture
May 9, 2022 โ€ข 7 tweets โ€ข 5 min read โ€ข Read on X
1/ What else is there to say? #EGLD is bullish through the bear. I'm not worried and U shouldn't be either. Markets MUST ๐Ÿคฎ to get rid of the sickness. Sickness = fake value. Bear markets are ๐Ÿ’ฏ b/c the strong with shine. โœจ @ElrondNetwork is the place to be. ๐Ÿ“ˆ๐Ÿ”๐Ÿ’Ž
2/ Elrond Network #EGLD is net +13% so far today against big dawg #btc - so while your USD value may not be performing ~ideally~, it's the show of strength against #bitcoin that is significant. Think about what this says ๐Ÿค” "more people willing to hold/buy #egld isntead of btc."
3/ #EGLD is NOT capitulating, and in fact it is showing real strength at a price the was demanded heavily last Summer 2021.
4/ Demand pushes price to all-time highs, and you see that demand will come again and push once more against the falling trend line resistance. Considering $EGLD token usage and tokenomics alone, I think supply shock is soon to ensure here; perhaps it's already being revealed...
5/ At this point, #EGLD has EVERY reason to capitulate yet it shows strength. At some point, it doesn't matter how "bearish" the market is. At some point there will simply be far too much demand for $EGLD and not nearly enough supply due to how much is out of circulation.
6/ Some people say staking is a trivial utility, but it is far from trivial when the underlying value, utility, use-case of the coin is the *stronger* fundamental. If the underlying tech is worthwhile for that protocol, staking plays a powerful role of incentivized #hodling.
7/ It has always been easier to hold instead of "selling to buy lower", etc. and I'll close with this reminder below: Serious money $$$ has entered $EGLD, and @skynetEGLDcap is only ONE example. @binance runs several nodes alone. $EGLD will be huge. ๐Ÿ”ฅ NFA
elrond.com/blog/elrond-liโ€ฆ

โ€ข โ€ข โ€ข

Missing some Tweet in this thread? You can try to force a refresh
ใ€€

Keep Current with Stephen Michael

Stephen Michael Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @the_economystic

Apr 20, 2023
1/ ๐Ÿฅ Metabonding ๐Ÿ”‹ coming in at 35% APY! ๐Ÿ™Œ

๐Ÿ‘‰Before #xExchange, every $egld I had staking wasn't going to move anyways. Now I have locked ~50% of my portfolio 4 years & I'm earning more passive $EGLD now than EVER before. I've got data to prove it.๐Ÿ’ฏ 1st class?! ๐Ÿงต
2/ To be clear ๐Ÿ‘

My fully-charged $xMEX now accounts for only about 50% of my entire portfolio and by itself, it is producing MORE $EGLD than before at a time when I had 100% of my entire portfolio staked $EGLD.
3/ "but Stephen you're in the Tesla DEX league this isn't relatable to others"

^of course this would be an incorrect statement. It does not matter if you have $5 of $EGLD vs. $5 of $MEX. Every dollar put into $MEX is presently generating more $EGLD than staking $EGLD. Image
Read 11 tweets
Apr 19, 2023
1/ Have you watched my latest #BTC analysis? I mentally prepare you for the ๐Ÿฉธ๐Ÿ“‰ we're seeing today!

Consolidation is a psychological battle!๐Ÿคบ The victor must prove itself continually before trending onwards; longer battles imply stronger forces. ๐Ÿง  ๐Ÿงต Image
2/ I'm using a metaphor of a battle to describe the process of consolidation, which refers to the strengthening and solidifying of a position or entity, in this case, #bitcoin.

In this metaphor, the "victor" is the entity or position that successfully consolidates itself. ๐Ÿช–๐Ÿซก๐Ÿ’ช Image
3/ Consolidation is a critical process in which an entity or position is strengthened and solidified over time. Rather than being a one-time event, consolidation is an ongoing process that requires consistent effort and attention to maintain and strengthen the position.
Read 16 tweets
Apr 19, 2023
1/ My new video is live! Tune in now or follow the thread for takes from the vid! 1hr40 of non-stop! #EGLD

โœ” @MultiversX News ๐Ÿ“ฐ
โœ” Trading/investment advice & tools ๐Ÿ“
โœ” #BTC TA ๐Ÿ“ˆ
โœ” @ZoidPay on the rise ๐ŸŒŠ
โœ” @JewelSwapX on #MultiversX๐Ÿช™

#RETWEET!๐Ÿ™
2.1/ 03:43 - Navigating Twitter & Setting Expectations in #MultiversX
Read 22 tweets
Dec 11, 2022
1/ Today marks the evolution to $MEX 2.0 & #xExchange: one of ten xDapps that will POWER the #Multiverse.

MultiversX $EGLD is now on @coinbase! ๐Ÿ‡บ๐Ÿ‡ธ

Newcomers: Let's dive into all the excitement & kick off #xExchange with a bang!๐Ÿ’ฅ๐Ÿ”‹ @ElrondNetwork @MaiarExchange #MultiversX

๐Ÿงต
2/ ๐Ÿ“Facts first:

โ€ข 1,269 days ago $egld (BEP-20) launched on @binance launchpad.
โ€ข 862 days $EGLD main network launched (Layer-1).
โ€ข Avg. 75k transactions per day among 2M erd addresses.
โ€ข #DeFi on $EGLD is 386 days old.

Last week @MaiarExchange generated $3.6M rewards. ๐Ÿ‘‡
3/ Elrond rebrands to #MultiversX*, now tradeable on @coinbase. ๐Ÿ‡บ๐Ÿ‡ธ

$EGLD at a glance:
โ€ข Sharded Smart Contracts platform
โ€ข 15k TPS, testnet 263k TPS
โ€ข Adaptive State Sharding; Secure Proof of #Stake
โ€ข 6s block time, $0.002 tx cost w/ 3.2k nodes
โ€ข #NFTs, #DeFi, #Metaverse
Read 25 tweets
Dec 8, 2022
#DeFi on #MultiversX is

>> xExchange <<

xexchange.com

Here's a preview ๐Ÿงต #EGLD #XMEX
xExchange Features Image
Energy and Batteries Image
Read 8 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(