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Bad News Sandwich: Solana Activity Spikes (πŸ‘) The Fed Could Tank Markets (πŸ‘Ž) ETH Could Double (πŸ‘) | Web3 Daily

1 February 2024
in Web3
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TL;DR

Excellent news: after dipping under $80 final week, Solana has shortly regained the $100 mark, as community exercise surged within the lead as much as the Solana-based β€˜Jupiterβ€˜ token launch.

Dangerous information: strategists are ringing the alarm bells for β€˜danger belongings’ (aka each cryptocurrency in existence), pointing to the truth that crucial knowledge has but to indicate significant disinflation.

Excellent news: British multinational financial institution Commonplace Chartered has projected that an Ethereum ETF might be accepted in Might, and push ETH’s value previous $4,000.

Full Story

You know the way your dad and mom would at all times try to soften unhealthy information by sandwiching it between two items of excellent information? E.g:

β€œYou possibly can watch as a lot TV as you need tonight…as a result of grandpa died.

Additionally I’m not within the temper to prepare dinner, so I’ll get you a Comfortable Meal.”

(No, simply us?).

Okay, effectively it’s a factor β€” and actually, it really works a deal with. So effectively that we’re going to strive it out right here…

Excellent news: after dipping under $80 final week, Solana has shortly regained the $100 mark, as community exercise surged within the lead as much as the Solana-based β€˜Jupiterβ€˜ token launch.

Dangerous information: strategists are ringing the alarm bells for β€˜danger belongings’ (aka each cryptocurrency in existence), pointing to the truth that crucial knowledge has but to indicate significant disinflation.

Disinflation that the Federal Reserve must see earlier than it lowers rates of interest.

(In flip, decreasing the curiosity all of us pay on our loans/strains of credit score, and giving us all more cash to spend on β€˜dangerous’ issues, like crypto).

Actually, simply yesterday the Fed introduced that they’d not be decreasing rates of interest this month. If disinflation doesn’t begin to present, and charges aren’t lowered as anticipated this yr β€” crypto goes to take a success.

Excellent news: British multinational financial institution Commonplace Chartered has projected that an Ethereum ETF might be accepted in Might, and push ETH’s value previous $4,000.

(Kinda works, proper?)



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Tags: activityBadDailyDoubleETHFedMarketsNewsSandwichSolanaSpikesTankWeb3
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