jpyxx So, what’s the deal with this chart? Well, it’s all about that good ol’ classic: the descending triangle. A technical pattern so ominous that it might as well be a weather forecast predicting a thunderstorm of red candles. Basically, it’s like the crypto market saying, “Oh, you thought we were done with the drama? Ha!”
Bitcoin’s architecture, this colossal proof-of-work behemoth, apparently harbors the subtle charm of a Rube Goldberg contraption—too expensive to frolic, yet too cheap to defend itself. Justin Bons, crypto veteran and CIO of CyberCapital VC, muses in tones both dire and delightfully blunt:
So, this trader with the cipher-like wallet DBzhE was famed far and wide for holding on to his crypto like it was the last piece of pie on the table. Bought himself 19.14 million LUCE tokens six moons ago, at a price so low it’d make a penny-pincher grin—$0.0275 a pop. Held on tighter than a tick to a hound ever since.
Now, let’s talk PoS networks. How do they work? Simple! Validators lock away tokens like Solana’s SOL or Ethereum’s ETH for a period of time, only to be rewarded later with some sweet, sweet transaction rewards. However, in the olden days of yore (or, you know, a few months ago), these users had to lock their assets away, making them as useful as a gold bar sitting in a vault. Not exactly a flexible option, is it?
Should our dear XRP rate skyrocket to the magical $10 before May 2025, you’d need to be the proud owner of 100,000 XRP – that’s enough to make a crypto magnate out of the most doddering of chaps. But mind you, whether you’re grinning all the way to the bank or clutching your pearls will hinge on how much you shelled out when you first snapped up your Ripple tokens.
On a Thursday bright with sensationalism, Durov found himself compelled to address a French report that, with all the subtlety of a blunt baguette, suggested his summer detention was the magical catalyst for Telegram finally playing nice with EU laws.
The monetary cadence of Solana, alas, is presently etched in stone, a rigid decree that dictates an annual issuance commencing at 8 %, diminishing by 15 % each year, and ultimately settling into a “terminal” inflation rate of 1.5 %. Solana Compass, that diligent chronicler of network affairs, reveals the effective inflation to stand at a rather uncomfortable 4.591 %. While the ill-fated SIMD‑228 hinted at a consensus that these figures represented an “overpayment for security,” the simple YES/NO vote failed to garner the necessary two-thirds super-majority, leaving the curve stubbornly untamed. Such is the nature of progress, is it not? A dance of two steps forward, one step back. 🕺
The charts, those cryptic maps scribbled in numbers, are starting to line up like soldiers before a charge: long-term double bottoms and triangle shapes hugging the price like a promise whispered in the winds.
Apparently, Donald Trump—yes, *that* Donald Trump—posted something on Truth Social (which, let’s be honest, sounds like a dystopian dating app) complaining that Powell isn’t slashing interest rates fast enough. “Powell’s termination cannot come fast enough!” he exclaimed, presumably while simultaneously tweeting and watching Fox News. 🤷♂️
