Jihoz.ron 🍚 (@Jihoz_Axie): The Defi and Gaming beatings will continue until ETH/BTC improves and Bitcoin dominance stops its steady rise.
Estimated coin impact
Scores are not price-change percentages. High impact means a score of +70 or more, or -70 or less.
The Defi and Gaming beatings will continue until ETH/BTC improves and Bitcoin dominance stops its steady rise. Always has been. Look at the chart below. Last cycle, Defi and gaming started to take off once Bitcoin dominance had topped Technically, based on this chart, you can argue that we're still in a bear market. This is why "the cycle" has felt a bit strange so far. The cycle might not have started yet. Catalysts that will change this: - more liquidity from lower interest rates (fed just said they don't need 2% inflation to start cutting) - ETH ETFs can stake their ETH (in progress) - tokenization of equities and bonds on Ethereum (in progress and likely to happen this cycle) - Buybacks from applications that have users and revenue like @pythianism has been banging the table on cc: @ZssBecker @elliotrades