My late-cycle Personal Considerations
The most important win of Ethereum lately has not been its price going up but being able to get its community vibe back in a good place after implementing a lot of needed changes to its foundation's structure.
Speaking about the price and the hottest narrative pushing it up, I personally think (and I could be wrong) that the Eth strategic reserve move is mostly a short term trade aimed at taking an easy 50-100% profit on billions of smart liquidity that will soon be rotated to the other X coin strategic reserve such as the solana strategic reserve, the sui strategic reserve, the strategic HYPE reserve etc etc till things will stabilised and, in the best prospect, those same entities will have a more general Crypto (trading) reserve that will be adjusted depending on market conditions.
Regarding the whole Ethereum ecosystem, one of the things that I realised during this cycle and that disappointed me the most about it is that, instead of creating a diverse world(or garden) of chains, it is becoming a sort of fake, forced pseudo-union of different chains where only a few of them benefits from, where only a few builders and creators get what they deserve and where only some gatekept circles get most of the cake.
Despite the fact that Ethereum will probably continue to be the second best for the foreseeable future, it has stopped to be the only place where real innovation and experimentation happens and will be happening. Stablecoins won't be issued on Ethereum only, RWA won't be tokenised on Ethereum only, Crypto-AI won't happen on Ethereum only. Does that mean that Ethereum won't be the place where most of this innovation happens? It doesn't but it has to be seen if such a reality is suitable in a more mature market like the one Web3 has finally become.
Last but not least, speaking about the overall cycle, I think we are in for either the last correction before the last crazy move or it could also be possible there will be a gradual descent towards the bear during the coming 6 months. The whole Market looks pretty overbought, especially in the monthly timeframe. We passed from 800B total Crypto Market Cap in Q4 '22 to the current 4Trillions, if you've not made decent gains until today, there could be something wrong in your investment strategy. This doesn't mean you shouldn't be ready for another big upside but remember that the last leg of the bull run is the most dangerous moment of the cycle, stay safe.
So I hope you liked my hot market considerations and I would end them by saying:
Long live Bitcoin, long live Ethereum, long live Web3, long live DeFi!
Long live to @Starknet too ofc đ„
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