
Arhum
@arhum
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$SUI has been performing exceptionally well recently (last year and this week). One of the largest Web3 releases is taking place today, which could account for some of this. @WalrusProtocol was created by Mysten Labs, the same team that created SUI, and is now available on the mainnet and exchange. The kicker: it's a quicker, more resilient decentralized storage infrastructure that competes with Filecoin, Arweave, and Celestia. Why this matters: - $140 million raised (a16z-backed). - Airdrop: 10% to the community (4% now and 6% later). - Ecosystem: Plume Network, Tusky, and others are already building. There is currently a tremendous opportunity in the industry to change the way data is stored and used online. We don't currently have anything that brings crypto apps fully onchain with decentralized storage. So far, it has proven to perform better than existing options. SUI appears to be deploying an increasing number of tier 1 protocols, which only adds to the ecosystem. 0 reply
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If you missed #Bitcoin at $25,000 and $52,000, don't make the same mistake again.
In this bull run, the 45 level on the Weekly RSI has been a strong support zone, marking the previous two local bottoms.
The first test happened when BTC marked a low of $25,000. From there, the price pumped by 193% and reached $73,100.
The second test happened when BTC marked a low of $52,500. From there, the price pumped by, 107% taking it to $109,400.
The third test just happened, with Bitcoin marking a low of $76,600.
If this RSI support holds and if it only reaches back till the falling trendline, we could see a 64% pump from here.
That would also align with the 1.618 Fibonacci extension level, putting Bitcoin around the $128,000 mark. 0 reply
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