Bonk Price Prediction as Latest Memecoin BONK Blasts Up 2000% in 5 Days – Is This the Next Shiba Inu

Overnight said:
How are those yields sustainable? Isn't that how these various exchanges keep collapsing?
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Not all defi's are created equal and not all yields are created equal

The quick answer is the yields come from Token emission, aka they print tokens to pay you yields

Pancakeswap has a token called Cake, which are the governance tokens for the whole Pancakeswap crypto platform ecosystem. Think of them as stocks in the Traditional Finance

Pancakeswap is the most profitable crypto platform in BSC and collects millions of $ worth of fees, so in order to protect the value of the Cake tokens from getting diluted to $0, they buy back millions of $ worth of Cake tokens every week and burn them

Pancakeswap has burnt more Cake tokens than the circulating supply of Cake tokens

https://twitter.com/x/status/1609917677283250177

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Venus is a decentralized crypto bank but unlike Genesis, BlockFi, Celsius, and Voyager it did not go bankrupt. In fact, AAVE is also a decentralized bank that did not go bankrupt

When FTX and Celsius was in the process of declaring bankruptcy, they paid off their crypto loans from the DeFi crypto banks like AAVE and Compound

Why? Coz those fuckers cannot cheat defi crypto banks, they want their collateral back, they gotta pay the loans on the smart contract

Venus has a governance token XVS, same concept as Cake. Venus collects fees through interest rate differential between the depositors APY and the borrowers cost APY

Then just like Pancakeswap, Venus has a treasury that buys back XVS tokens to protect the value from being diluted

https://venus.io/

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Spookyswap has a governance token called Boo, same concept as above, but currently, Spookyswap is not making enough profits to do a buyback of the tokens

Think of a tech company that has no profits, you're hoping that it will be profitable in the future and give back value to the shareholders

So my 20% APY salary for being an automated market maker is being paid by chuck e cheese type of tokens at the moment. This is the riskiest out of all the ones I mentioned as this may be considered a ponzi, but I believe in the Fantom and Spookyswap being the biggest dex on the Fantom blockchain that I'm willing to take the risk
 
Sprout said:
Burnt, toasted, fried, baked and left to rot on the wayside.

Focused on psychological work, releasing trauma, healing pain body, meeting authentic self, etc.

Also diving into new paradigms, mostly a volume and price trader, now digging deep into the time and price relationship. I anticipate a trifecta by integrating these three components.

Getting back to my roots with ES and building up my account again.
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Sorry was in a hurry yesterday, just want to say thank you for explaining in detail. I went through a period of seeking "enlightenment" when I could not break the success of trading and I read many books on trading and psychology, "Reminiscences, market wizards books, trading in the zone, PitBull, and many others"

Ultimately gave up with trading TradFi until bitcoin and cryptos came along, but those books on trading psychology helped me during periods of crypto winter hopelessness during the previous 2 crypto winters and this current one

The concept of waiting, Jesse Livermore "it was always my sitting..." and many other market wizards, i.e. George Soros on staying with the trade and having conviction to stay on the trade, i.e. short the GBP

A concept I later learned the name of in Bitcoin Standard, low time preference

Anyway, you revealed quite a bit of info and it's much appreciated, and there are many of us out there struggling with the woulda/coulda/shoulda and not limited to cryptos, but tradfi as well, I follow Coinfessions Twitter bot

You only mentioned getting back to TradFi trading and I was wondering are you done with bitcoin and cryptos? and in the short term trading, did you try applying your trading concepts in the crypto perp futures?
 
Solana (SOL) Sees Huge Gains As We Enter 2023

At the start of the 2023 recovery rally, Solana’s price has gained nearly 70% and has managed to push the price from December 2022’s $8 to the present $13 and experts from coinpedia projected solana price prediction to reach $29.43 by the end of 2023.

Founded by the Solana Foundation, Solana was created to make decentralized finance more accessible worldwide. Solana is selling at $16.68 with a surge of 28.46% in the last 7 days.

BONK

A fresh dog memecoin called BONK was developed on the Solana blockchain. The market cap of BONK, which was airdropped to the Solana community on December 29, has grown by 983%, to $50 million. The token has potential to surge again if it gets listed on top exchanges like DOGE and SHIB are.

Solana’s next resistance lies at $18 and if SOL successfully claims this level the currency will begin its next bull run soon. If Solana manages to sail across the challenges of the crypto-verse, whilst fixing the consensus issues. SOL could cross the $100 mark by the year 2030.
 
LOL. SoL is just a gambling bet for anyone going LONG. The best projects on SoL already moved to a better chain, and SBF can no longer pump it up. They have never managed to fix their major issues, and I think you may be too hopeful in hoping for them to just... sail across.

Only a zealot would still push the Ethereum-Killer narrative.

Ohhh, by the way, now that Ethereum completed the Merge without issue, they are soon coming up to the next Shanghai upgrade. Can you think of a major upgrade that SoL is about to bestow us?
 
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