1/3

No one has called the entire crypto market cap hitting an all-time high, I think it is time to call it.

Total crypto market cap is now over $750B. In 2018 market cap briefly eclipsed $800B, but BTC dominance was below 35%, the market was illiquid garbage.

2/4

On January 7th 20118 - the proclaimed market cap ATH, Bitconnect had a market cap of $2.3B and Dentacoin $1.8B (and was up 930% on the week, lol). Coins like Ardor had market caps of $1.8B with $5M in daily volume. Bitcoin Gold was at $5B mcap

These assets were not liquid
3/4

I mean look at this garbage, New York Coin at $125M market cap on $4M volume and Electra $176M market cap on $45K volume.
4/4

Today Bitcoin's market cap dominance is sitting around 70% on tens of billions in daily trading volume, and total crypto market cap is at $750B. While garbage remains, much has been wiped out and the market is starting to mature.

This is the new all-time high for crypto.

More from Crypto

Out of curiosity I dug into how NFT's actually reference the media you're "buying" and my eyebrows are now orbiting the moon

Short version:

The NFT token you bought either points to a URL on the internet, or an IPFS hash. In most circumstances it references an IPFS gateway on the internet run by the startup you bought the NFT from.

Oh, and that URL is not the media. That URL is a JSON metadata file

Here's an example. This artwork is by Beeple and sold via Nifty:

https://t.co/TlJKH8kAew

The NFT token is for this JSON file hosted directly on Nifty's servers:

https://t.co/GQUaCnObvX


THAT file refers to the actual media you just "bought". Which in this case is hosted via a @cloudinary CDN, served by Nifty's servers again.

So if Nifty goes bust, your token is now worthless. It refers to nothing. This can't be changed.

"But you said some use IPFS!"

Let's look at the $65m Beeple, sold by Christies. Fancy.

https://t.co/1G9nCAdetk

That NFT token refers directly to an IPFS hash (https://t.co/QUdtdgtssH). We can take that IPFS hash and fetch the JSON metadata using a public gateway:

https://t.co/CoML7psBhF
1/9 #BSC Daily from


2/9 #BSC Daily from
Quick Thread on #Altcoins/ #Altseason

Step 1: $BTC has a huge correction. Every range starts with either a pump (or dump) and then follows with a dump (or pump). In this case, #Bitcoin pumped and is now pulling back. This is


Step 2: $BTC ranges big once it finds a bottom. This will allow it to reaccumulate for a big summer run in 2021. This is HEALTHY IMO.


Step 3: Once $BTC finds a bottom and starts to grind up again, I expect $ALTS to do very very well in both alt/usd and alt/btc pairs. ALTSZN is almost always characterized by strong alt/btc pairs moving- I've already accumulated most and have done my final buying today and more.

$BTC.D typically has a very nice time during this time of the year. I was off on December prediction bc I thought $BTC was going to pull back by then but oh well! #Altcoins will start their pumping time VERY soon now.


More information on what #Altseason is and $ALTS market

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