Web7am (web7am)

Web7am

Here's a possible bio for a crypto enthusiast :a crypto enthusiast and blockchain believer. I'm passionate about the decentralized future and

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๐–๐ข๐ฅ๐ฅ ๐ฐ๐ž ๐ฌ๐ž๐ž ๐š ๐๐ฎ๐ฅ๐ฅ ๐ซ๐š๐ฅ๐ฅ๐ฒ๐Ÿ“ˆ ๐จ๐ซ ๐š ๐Ÿ๐ŸŽ๐ŸŽ๐Ÿ– ๐ฅ๐ข๐ค๐ž ๐œ๐ซ๐ข๐ฌ๐ข๐ฌ๐Ÿ’ฅ?๐Ÿ‘‡ The timeline is divided into bearish and bullish sentiments โšก๏ธ ๐Ÿป Argument - Last time Fed did 50 bases points rate cuts, it pushed the world into 2008 recession ๐ŸŒ ๐Ÿ‚ Bull Argument - Market conditions doesnโ€™t only rely on Fed rate cuts but other geo-political factors as well. - In 2021 we had similar expectations of a market meltdown instead timely rate cuts led to a never anticipated bull market. - In 9 months, more than 1,000,000 $BTC has been purchased by new players. - Numerous bullish events; US elections, CZ release, SEC approved options for BlackRock's spot #Bitcoin ETF, ahead.

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๐Ÿ˜‘๐Ÿ˜‘According to me, Hamster Kombat made 2 big mistake due to which today users are not happy with the allocation. 1โƒฃReferral system due to which normal users are left far behind and even after working hard. For example, Binance recently launched a mini app with a limited referral program to ensure everyone had a fair chance at airdrop farming. A similar approach could have worked well here. 2๏ธโƒฃ Over-Farming: This is a serious issue. Even if 90% of the supply is airdropped to the community, it doesn't guarantee satisfaction. With 300 million users, the negative effects of over-farming are evident. ๐Ÿ˜๐Ÿ˜

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You might have been bored with the crypto market over the last six months, but the next 4-5 months are going to be explosive with quantitative easing (QE) and lower interest rates, which will trigger a risk-on mode in the markets. This means altcoins could have a major run like we havenโ€™t seen since 2021. ๐Ÿ’ต๐Ÿ–จ๏ธ๐Ÿ’ฏ

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JUST IN: ๐Ÿ‡จ๐Ÿ‡ฆ Canada cuts interest rates by 25 bps to 4.5% Reduces full-year 2024 ๐Ÿ‡จ๐Ÿ‡ฆ GDP growth forecast DOWN to 1.2% from 1.5% in April ๐Ÿšจ

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