Historically, new bitcoin investors have taken paper losses during bear market phases, holding bitcoin until the new ATH. After two years of “pain”, the next phase of redistribution is upon us. From current values we may see +30-40%, but definitely not +370% as since the bottom was reached. It's time to think about gradual selling rather than going all-in
- 0 replies
- 0 recasts
- 0 reactions
There are actually two types of prediction markets right now: - Web2.5 - cryptocurrency is used as payment rails, but their counterparty is a team and the product does not interact directly with the onchain. Example: Stake/Rollbit. - Web3 is characterized by some sort of onchain footprint, whether it's positions in the form of NFTs or stakes via smart contracts. Two ways to match onchain bets: - AMMs, which rely on passive LPs, - order books, where the platform acts as an exchange. Protocols can earn in the following ways: 1. trading commissions, 2. take a portion of the trader's winnings, 3. collect the counterparty's PnL. Most protocols choose 1 and 3 points, but Polymarket does not take any commissions
- 0 replies
- 0 recasts
- 0 reactions
FTM has gone up on expectations of a soon-to-be upgrade, but what exactly is there to expect? Breaking down what's coming in the Fantom → Sonic upgrade besides the ticker change. 📚 A bit of history Fantom is an L1 blockchain from 2018 with low fees and high TPS (as if anyone could be surprised by that now). In 2021, they launched Fantom Opera - an EVM-enabled network, at one point ranked second in TVL. However, then the bearishness started, then one of its main leaders André Cronje publicly withdrew from the project, then there was the Multichain hack and depeg of wrapped assets - eventually TVL folded 100x, token 20x, activity on the network almost died. 🎱 What's next for it? In 2024 Fantom announced a transition from Opera to the Sonic network, with new technology and a new token
- 0 replies
- 0 recasts
- 0 reactions