Allinvest Crypto Community
All about Crypto, Tech, and Investments.
Michael Zogot
@michaelzogot.eth
I want to remind everyone once and for all - both newcomers and market veterans: the cryptocurrency market consists of Bitcoin and everything else. This "everything else" was given a name - altcoins. And within that, we have meme coins, shitcoins, and many more. If you see the market as a casino and you only want growth, and alt seasons, then you must live with risks and drawdowns of -70 or -80 percent. Period.
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Michael Zogot
@michaelzogot.eth
The harsh truth about investing is that if an asset has fallen by more than 80%, it will be extremely difficult to break even. To make a profit of 50% of the initial value, the asset must rise by 650% from the current price - and that's not even counting multiples. Therefore, without averaging down, the recovery process will be very difficult and long, and for some coins - even impossible. In such cases, it's sometimes better to sell some positions and average down on more promising ones.
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Michael Zogot
@michaelzogot.eth
The next money revolution
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Michael Zogot
@michaelzogot.eth
US BANKS CAN NOW HOLD STABLECOINS, ACT AS VALIDATORS, AND CUSTODY CRYPTO—TRILLIONS IN LIQUIDITY SET TO FLOW INTO SOLANA, ETHEREUM, AND BITCOIN!!!
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Michael Zogot
@michaelzogot.eth
A new promising L2 on the horizon MegaETH is a layer 2 blockchain designed to enhance Ethereum's scalability and performance by enabling real-time transaction processing. Funds: 20M 💰 DragonFly Capital, Vitalik and others... You can register your wallet address for the upcoming public testnet in they Discord. What to do? ☑️ Go to Discord and complete verification on the server https://discord.gg/megaeth and register your wallet. Testnet should go live soon.
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Michael Zogot
@michaelzogot.eth
I view this maket movement at the moment as a technical bounce. Funding was largely negative, which means there were a lot of short positions in the market. Then a bullish tweet from Trump comes out and off we go. Liquidations (short squeezes) of highly leveraged positions are occurring, plus others are closing shorts (which represents buying) out of fear of liquidation, and some are simply going long on the news. This is why we're seeing such strong growth/bounce. The crypto czar is hinting at mega news, which is heating up the market even more. Most likely we'll now form a sideways pattern after these swings. Let's observe and take a breath.
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Michael Zogot
@michaelzogot.eth
Crypto will grow in the next years even more than yet.
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Michael Zogot
@michaelzogot.eth
I just completed "Monad Explorer: Uniswap" on Layer3 - https://app.layer3.xyz/quests/monad-explorer-uniswap
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Michael Zogot
@michaelzogot.eth
MONAD TESTNET IS LIVE https://testnet.monad.xyz/
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Michael Zogot
@michaelzogot.eth
Abstract - network breach This likely affects those who interacted with Cardex and used the Abstract wallet. For safety, withdraw funds from the network.
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Michael Zogot
@michaelzogot.eth
Monand testnet goes live on February 19.
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Michael Zogot
@michaelzogot.eth
Just minted my Guild Pin for joining Walrus Academy! guild.xyz/walrusacademy
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Michael Zogot
@michaelzogot.eth
No ETH for gas? No problem. ⛽️ You can now pay for gas with the token you're swapping.
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Michael Zogot
@michaelzogot.eth
Abstract Mainnet in 3 days
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Michael Zogot
@michaelzogot.eth
ADS-Power has been hacked - more info here https://x.com/MichaelZogot/status/1883283376981127195
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