Altcoins
Does GameStop Timing Reveal Altcoin Investors Are Lagging? KAI Coin says NO!
2024 was always going to be another key year in the quadrennial U.S. presidential election cycle. In 2012, it was destined to become one of Bitcoin’s super-cycle years, with a 50% reduction in new daily supplies of BTC tokens produced by the network’s blockchain program.
But does the timing of GameStop’s rally signal that coin investors are way behind the game?
What if altcoin crypto investors were far behind the supercycle curve to enter this market in value – a market that is broader and more educated than ever, through which information spreads faster than ever and markets become increasingly strangely better at accurately mapping the future in the current price of anything?
Why New Meme Coins Are Going to the Moon
In case any reader is wondering why new meme coins continue to become overnight hits despite the risks of hacking, rugpulling, pumping and dumping, and misfires – and regardless of the fact that even the most successful projects show their most dramatic gains during brief periods. windows (so they require daily attention to maximize profits from 40% to 4,000% for example) — here’s why.
At least that’s one of the main reasons why new coin projects with adorable furry cartoon animals like Kai cat coinwhich you and no one, not even Satoshi Nakamoto himself, heard about until yesterday, is becoming a $20 billion Internet economy and a concern for Treasury Secretary Janet Yellen to do battle with titans of industry in multi-billion dollar banks:
Because the Bitcoin economy – and the Ethereum and Solana economy – have already become so massive, so diffuse across the global network, that there is no natural pressure point to inject liquidity with incentives to attract this financing and capitalize the network with it. . The new currencies therefore create waves of new capitalization for these economies.
So, cryptocurrency capitalists are constantly creating these new currencies on smart contract decentralized finance (DeFi) networks. Some of them are duds. Some are carpet pullers. Others are pump and dumps. There are hacks in the field. Everything can happen. Some of them also fly to the Moon with the sums of their main donors whose market value has appreciated considerably.
GameStop Is A Bellwether Altcoin Season Early This Cycle?
How does the GameStop rally influenced by WallStreetBets commentator Roaring Kitty signal that altcoin investors may be late to invest in the altcoin season for incumbent secular currencies in the Web3 blockchain ecosystem? Coins like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL)?
Because we are so early in this 4 year super cycle. During the last cycle, the Wall Street Memes rally occurred after the presidential election, not as part of a sneak attack six months before the election, and eight months earlier in the macro cycle. Markets are now too prescient and too anticipatory of anniversaries and repeating patterns not to rush to incorporate them for profit.
Bitcoin hit its highest price before the halving date this year, with Wall Street investors flocking through an SEC-approved exchange – instead of months after the halving, it’s another sign similar and worrying that it is late for altcoin investors to enter these coins. and earn the kind of returns that have attracted so many participants to cryptocurrency exchange markets.