Ethereum has flirted with the 2018 ATH of $1,385, leading many to believe they have stumbled upon the fabled bottom. Yet, I present to you three compelling reasons why a further descent into the depths of despair may be on the horizon for our dear ETH.
In a post from April 13, our crypto-savvy correspondent, Joao Wedson, noted that the perpetual-spot gap on Binance—the difference between the glamorous futures price and the daggy spot price—is starting to narrow. It’s like watching your ex get their act together after years of dressing like a hot mess.👗💔
Unlike its more serious cousin Bitcoin, Dogecoin was designed with a rather whimsical twist: its supply is infinite! Yes, you heard that right—an endless supply of DOGE tokens, just waiting to be mined like a never-ending supply of chocolate in a candy factory. This was all part of the grand joke when Dogecoin was created, and as time has marched on, the supply has continued to rise like a loaf of bread left in the oven too long. 🍞
Even Bitcoin, that notorious trickster, has waltzed back above the sacred $84,000 threshold, as if reclaiming its former regal mischief. Its return is both a wink and a nod to the absurdity of it all.
This project was like the prom king of crypto, promising retail and institutional investors the moon and stars—$7.4 billion in market cap, and then, BOOM!—back to $782 million faster than you can say “liquidation!” All of this happened on that fateful Monday, April 14, right around when most people were figuring out what to do for lunch. 🍔
Now, Dalton isn’t exactly known for its subtlety. The activist investor, clearly thrilled with Fuji’s current “leadership,” has previously voiced its dissatisfaction with how the company has been run. Because, who wouldn’t want to spice up a media giant’s governance? 🤔
