Mods: Reposting this without the price speculation (my bad for Rule 5.7).
Okay, so after 4/5 attempts this past 10 days, Grandpa finally decided to make the bears weep. Tomorrow is Friday and we all know what that means - hopefully shorts getting destroyed.
It was more than likely than we'd go up instead of back down (traditional Xmas bump), but that crabbing lasted a fair while. It was only after seeing what happened with LRC, MATIC, CRO, AVAX and LUNA over the past few days that it was becoming clear a stable bottom had been reached.
So now two paths lie ahead: a brand new run beginning this weekend and lasting until at least mid January (credit bills landing, etc) before resuming after Valentine's Day, or a return downwards and more crabbing.
Either way, the only thing that actually matters is the fact that 2022 will be THE year that mass adoption becomes reality.
There is a LOT to be bullish about:
- Omicron nowhere near as serious as anticipated a month ago
- De-escalation in Russian-Ukraine hostilities (US and Russia meeting in January in Geneva for talks). ie no War.
- Evergrande fucked but no-one cares
- China might reban crypto, but it will have no effect anymore
- GameStop accepting BTC, DOGE and SHIB
- TESLA accepting DOGE
- Official Crypto.com Arena rename on 25th December + Laker's game
- Both FTX and Crypto.com have bought Superbowl ads for February
- ZK rollups and ETH gas fees falling
- ETH 2.0 and the end of mining (ETH deflationary)
- Inflation hopefully settling down and the wider markets recovering
What do you folks think?
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