Last time this happened, SOL moved higher by 116% in 16 days!
The last time this happened in SOL - it moved higher by 116% in 16 days!
This matches with my fundamental value analysis and relative value analysis that SOL is at least mispriced by half and should be double the value it is today considering the 300+ dApps it has already rolled out and the WORLD CLASS dev team they boast - probably a top 3 dev team I've seen of all projects I've studied.... maybe even the best.
Anyways, the crypto market sentiment is nearly the same today as it was the last time the CC SMA 50 turned green in SOL and SOL moved 116% higher in 16 days.
There was a lot of doubt in the markets back in December 2020 and early January 2021 about whether Bitcoin would sustain a run above $20k. I think something similar will happen here as well. The senate in all likelihood looks like they will vote for the better of the two proposed amendments - the Toomey/Wyden/ Lumis version rather than the one that ironically favors PoW mining. Ironic b/c Washington DC has been telling the world for decades that they are here to save the environment and here they are positing an amendment in a bill that would favor PoW mining!
I know the virtue signaling will get to them as callers into their office will remind them today how the bill would favor high energy intensity protocols if passed. At any rate, it's clear to me that the Senate will in the end favor the bill that is agnostic as to picking winners and losers and this could set BTC off into a mini bull run, setting the stage for SOL's next 116% gain in 16 days.
A very wonderful merger b/w technicals and fundamentals.
This matches with my fundamental value analysis and relative value analysis that SOL is at least mispriced by half and should be double the value it is today considering the 300+ dApps it has already rolled out and the WORLD CLASS dev team they boast - probably a top 3 dev team I've seen of all projects I've studied.... maybe even the best.
Anyways, the crypto market sentiment is nearly the same today as it was the last time the CC SMA 50 turned green in SOL and SOL moved 116% higher in 16 days.
There was a lot of doubt in the markets back in December 2020 and early January 2021 about whether Bitcoin would sustain a run above $20k. I think something similar will happen here as well. The senate in all likelihood looks like they will vote for the better of the two proposed amendments - the Toomey/Wyden/ Lumis version rather than the one that ironically favors PoW mining. Ironic b/c Washington DC has been telling the world for decades that they are here to save the environment and here they are positing an amendment in a bill that would favor PoW mining!
I know the virtue signaling will get to them as callers into their office will remind them today how the bill would favor high energy intensity protocols if passed. At any rate, it's clear to me that the Senate will in the end favor the bill that is agnostic as to picking winners and losers and this could set BTC off into a mini bull run, setting the stage for SOL's next 116% gain in 16 days.
A very wonderful merger b/w technicals and fundamentals.