"@CelsiusNetwork Don't let people suffer. I request you!"
Celsius operates just a #DeFi platform (unregulated bank) like any other where people can deposit their cryptos for some mouth watering returns. 🫶
Last piece of thread is motivating 💟
Stage 1: The Unwind
The excitement (and greed) from the #bullmarket still exists.
Mini-narratives pop up for weeks at a time. Assets still have floors. Valuations are cut but companies don't make the tough decisions (kill products, layoffs).
Why has #ETHEREUM taken maximum hit after #LUNA crash amongst Large Cap Coins? 😵💫
Let's find out the top 3 reasons in this #Thread! 🔍
#Price#Predictions on last thread! 📈
1) #Eth Time Difficulty Bomb #Delayed 🧐
EIP 3238: Inbuilt into Eth is a difficulty time bomb that makes Eth Mining increasingly more difficult. The time it takes to mine a new block will be so long that profitability for miners will drop, and transactions will be too slow.
