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Satoshi Club Profile picture
@esatoshiclub
Jan 11, 2023 • 7 tweets • 6 min read • Read on X
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⚡️Exciting news for the #Solana community!

1/ We're seeing a surge in daily active users and a growing interest in the platform's #DeFi and #NFT spaces. Will it last? 👀

🧵A thread by @esatoshiclub
2/ Despite the negative sentiment surrounding #Solana in recent months, the network has witnessed a significant increase in daily active users in recent weeks. Outperforming many other cryptocurrencies in terms of user engagement,
3/ #Solana's #DeFi and #NFT spaces are driving growth in daily active users and total value locked (TVL). In particular, the DeFi daily active users saw a spike over the last month, contributing to a rise in TVL from $206 million to $242.77 million
4/ #MagicEden, one of the largest dApps on the #Solana network, is seeing impressive growth! According to @DappRadar, volume on Magic Eden increased by 21.12% and the number of transactions spiked by 73.15% over the past month.
5/ The network's #NFTs are being bought, sold, and traded at an increasing rate. The total floor value of #Solana NFTs has seen a substantial increase over the past month and the volume of NFTs being traded has also gone up.
6/ Recent weeks have seen a significant spike in on-chain activity with volume growing from $206 million to $1.45 billion in just one month. Indicating increased market activity and liquidity on the network.
7/ Bulls are still going strong! Market indicators such as #MACD, #CMF and #EMA Ribbon are all in favor of buyers. One point of concern is the RSI entering overbought zone, but overall outlook is optimistic. Keep an eye on the 20-day and 55-day EMA for potential bullish crossover

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More from @esatoshiclub

Satoshi Club Profile picture
Jan 10, 2023
After a wild 2021, #crypto ran into major headwinds in 2022 as central #banks began to unwind their #pandemic-era monetary policies. Here's a look at the 6 figures that defined crypto in 2022. 👇

🧵A thread by @esatoshiclub
$1.46 TRILLION

Crypto market cap dropped from $3 trillion to $849 million in just a few months - that's a whopping $2.3 trillion loss!
$3+ BILLION

Crypto theft by hackers and fraudsters has reached an all-time high last year, with bridge hacks accounting for $2 billion of the total stolen.
Read 7 tweets
Satoshi Club Profile picture
Jan 9, 2023
#Cardano $ADA has seen an impressive 30% increase in price over the past week - here are 4 possible reasons for this rally #CardanoCommunity

🧵A thread by @esatoshiclub Image
1. Cardano's #TVL has skyrocketed by 40% since the start of 2023! At the moment, it stands at around $67.29 million and @MinswapDEX holds the majority of it. Image
2. #DeFi trading volume is skyrocketing! In the past 7 days alone, total transactional volume on #Cardano-based #DeFi protocols increased by 57%, with #Minswap alone seeing a 76% increase.
Read 5 tweets
Satoshi Club Profile picture
Jan 5, 2023
10 Bitcoin #Mining Predictions for 2023

It's been a wild ride for #Bitcoin in the past year, but it looks like things could be settling down for public #miners.

Here are 10 Bitcoin mining predictions for 2023, according to @hashrateindex 👇
1. The bitcoin bear market will come to an end

The future of #Bitcoin mining is heavily influenced by the price of Bitcoin. Arcane Research's 2022 year-end report shows that the current bear market is similar in length to 2014-15 and 2018, with a peak-to-through drawdown of 78%.
2. Bitcoin’s hashrate growth will slow down

Hashrate growth in 2022 was fueled by miners expanding during the 2021 bull market. However, the poor mining economics of 2022 will likely lead to a slowdown in hashrate growth in 2023.
Read 11 tweets
Satoshi Club Profile picture
Jan 4, 2023
1/4 Get ready for a potentially bumpy ride this week, #Bitcoin, #Ethereum and #altcoin traders! Here are 3 reasons why:

🧵A thread by @esatoshiclub
2/4Tensions are rising as #Winklevoss, co-founder of #Gemini, calls out #DCG founder Barry Silbert over $900 million in locked customer funds. Crypto Twitter is speculating about potential liquidity issues at #DCG and the impact on #GBTC and #ETHE positions held by #Grayscale.
3/4 Fear is high and #liquidity is low as we continue to see drama unfold between DCG and Gemini. Sentiment in the #crypto market remains down, with most market participants not feeling bullish and hesitant to take on risk. The current index sits at 26 out of 100.
Read 4 tweets
Satoshi Club Profile picture
Jan 4, 2023
1/6 Digital Currency Group #DCG and its subsidiaries are facing liquidity issues stemming from the #FTX collapse. This has led Gemini to halt its Earn Program. But why? Let's find out. 👇

🧵A thread by @esatoshiclub
2/6 #Genesis, a crypto lending company and a subsidiary of #DCG, suspended redemptions and new loan originations on November 16 due to the market turmoil caused by #FTX.
3/6 This has led to Gemini, founded by Cameron Winklevoss, halting its Earn Program which relied on Genesis for lending services. Winklevoss has accused DCG founder Barry Silbert of “bad faith stall tactics” claiming that Genesis owes Gemini customers approximately $900 million.
Read 6 tweets
Satoshi Club Profile picture
Jan 3, 2023
1/6 Did you know that the first block of the #Bitcoin #blockchain, known as the Genesis Block, was mined on January 3rd, 2009 by the mysterious creator of Bitcoin, Satoshi Nakamoto?🤔

Find out more about The Genesis Block in @esatoshiclub's thread 👇
2/6 The Genesis Block is unique in a number of ways. For one, the 50 #BTC reward for mining the block was sent to an address that it can never be recovered from.

Since its creation, many people have sent $BTC to the account, pushing its total balance to 68.56 #BTC, worth $1.1M
3/6 #Satoshi also included a message within the block, which was a headline from a British newspaper, The Times. The headline read: "The Times 03/Jan/2009 Chancellor on brink of second bailout for banks."
Read 6 tweets

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