Let's analyze some things and this is still a big opportunity to invest🔍
Just tonight an important update regarding Shibarium was released, without providing some dates, specifying that Testnet is around the corner, but I don't know how long it will take for Mainnet, I imagine some months and $BONE pumped hard to 1.4$
Shibarium architeture chain is simply a Polygon for.
You can read Polygon architecture and what Bor and Heimdall consists of, but it's simply its dual consensus, if you want to be one of the 100 validators, you're probably already investigating.
$MATIC went on mainnet on June,2020 at a mcap of 70mln, comparing 4BONE now to 300mln+ , where we can see in the picture on MATIC.
Certainly $bone has a long way ahead of it , even if a useless comparison due to different market conditions.
Apart from the technical side which we are not interested in now, the article talks about TREAT, I have already told you about it, as the next rewards token for BONE staking.
But it hasn't been released yet.
Here you can read updates from a SHIB admin, BONE rewards has halted as you know, so you have to wait for official announcements, still not any details.
Only reason I can believe, that BONE whales don't want to miss out on first juicy blocks rewards for $TREAT, in case it's released. BONE top holder just yesterday staked his bone contracts.
So what does this entail? It's a very smart move:
-we will finally see little sell pressure
-1/6 BONE supply staked waiting for TREAT rewards
-a high percentage waiting to be one of the 100 validators as well
-the rest won't want to sell anymore, knowing that by now shibarium is upon us, at least testnet.
Why do I think we are only at the beginning for @ShibariumNet and $BONE run?
We know how there is a lot of hype at the beginning of each new chain, surely here there will be a powerful meme-shitcoin season, paring with BONE, devs will flock here, as degens and will be forced to buy BONE, to interact with the chain.
For everything else we can't predict, but it's just an add-on in case we see a large ecosystem of gameFi and nfts over shibarium.
At that point we can predict BONE in top 50 easily.
Sorry to repeat it again, it may sound cynical for shiba holders, but I think BONE will take away a lot of hype from it and we will see more and more of a transfer of value from shib.
In chat all the hype is already around bone
But I wish more and more success to shiba team and price of both $bone and $shib, early admins, creators and all visionaies for what they have brought to the crypto space.
If you are interested in following Shibarium developments, just check out Github.
CZ will inevitably be the white knight to save FTX, enough compromised with his recent statement , FTX too big to not be acquired on favorable terms, Alameda too fragile to not accept.
This will be inevitable..
If this Should it not happen, Binance will have all of hate against him, and furthermore, the consequences will be devastating for entire industry.
Every economic crisis causes these kinds of events, for the simple fact that markets are inhabited by gamblers, greedy people. When we see price collapses, those who looked like geniuses and rich people find themselves in debt, insolvency, and liquidated positions.
So in a dream of a decentralized world, should we hope that one entity @cz_binance now saves it?
The sad thing now this will make him a legend if it happens or he will be on the same plane as @AlamedaTrabucco for have destroyed this space.
All this happened without warning, without noise, just when we were beginning to think the worst was behind us. I hope that everything will be resolved as best as possible..
Otherwise, mt gox bear market 2014, it will be almost a sweet memory comparing to this.
With great pleasure I share this great thread about the consequences of twitter acquisition from @elonmusk, from my friend @SmallCapScience after he did the same with my post about $DC in the past.
But i want say it miss a part, specially $CAW ...and $O $QOM . Let's see why👇
As you know I am a big supporter of meme culture, consequently of @RyoshiResearch vision who created something magical together with the power of community, a magic potion that made great $shib , a token who reached 41bln mcap, causing the #meme season.
Today we are seeing a lot of hype around $bone, as you know I have been alarmed by such potential from 0.35$ from May, being #SHIB chain next gas token, #Shibarium , with millions of users behind.
I got up this morning and from my phone I saw Fud over @DogechainFamily $dc immediately knew there was a frontal attack going on again, maybe team had some lack of communication but just needed to go deeper. And i was surprised Zach XBT did it again. Without doing own research
A sudden event took me away from home, but let's see how simple the question is, Whitepaper are there for to be read:
Fud was around this wallet :
that wallet is this one:
0xF82E972E10fad1c8856832187aDFC436edf38288
Market makers is a common practice used both by Cex and some Devs on Amm Dex aswell provide the market with liquidity depth, and volume. People are so emotional and don't think using logic. They are losing their reputation
I can't tell you if it will be a definitive bottom, but even in bearish market the dip is not a straight line. We will soon see a bounce that could guarantee some 2x and more.
This is always the best simple rules but hard to put in place.
16.500/16.000 i think it's a buy opportunity, volume is very low, low volume sales indicate that sell pressure is losing strength. We will see daily divergence in major crypto asset
For sure 21.500$ will be first resistance for long time then we could see 35-40k
I think we could see a greater reaction here than Btc , like to 1450$ at the begin, but then see it losing ground again, in the following months, especially in lateralization phases.