focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Pjb - I would be interested in the fundamentals behind your 40/50% BTC drop from here. The last big fall was caused by a huge black swan event and only caused a 10/15% fall which has now fully recovered and technically broken out of the downward trend. I cannot now see any further black swan events , so it is extremely hard to see why - maybe escalation in Ukraine ?
There is a fundamental flaw in human phycology in that we tend to convince ourselves of the scenario that we want. When the market reaches its peak we think it can go higher and when the market has bottomed we still think it can go lower.
Nobody knows for sure and anyone who tells you they do is lying, but for what its worth I have turned Bull on crypto and am accumulating now for the long haul.
Bitcoin due new 'big rally' as RSI copies 2018 bear market recovery
https://cointelegraph.com/news/bitcoin-due-new-big-rally-as-rsi-copies-2018-bear-market-recovery
For anyone who wants to get a good grip on the AMBER/Dtransfer/Pendulum marketplace Uniswap have just published a paper entitled ‘ On-chain Foreign Exchange and Cross-border Payments’
If you have the time and inclination it can be read here
https://uniswap.org/OnchainFX.pdf
Meet Pendulum’s CEO: Alexander Wilke
https://medium.com/pendulum-chain/meet-pendulums-ceo-alexander-wilke-9f0e68832fb
further to my previous post the current situation with spacewalk bridge is showing that milestone 3 is 40 percent completed, so as milestone 1 and 2 have been approved It looks like Spacewalk is around 80% complete at this point.
For info here are the latest proposed milestone dates.
Phase 4 - Full rollout Pendulum
Due by April 28, 2023 Last updated about 3 hours ago
• DotSama native stablecoin as collateral
• Limit increased to unlimited (daily/tx limits)
Phase 3 - First rollout on Pendulum
Due by February 24, 2023 Last updated about 3 hours ago
• 5 stablecoins integrated • Increase 4x Amplitude total limit • (d…(more)
Phase 3 - Full rollout on Amplitude
Due by February 17, 2023 Last updated about 3 hours ago
Full rollout on Amplitude
• 2+ external vault operators
• Set limit to “temporary final” Amplitude limit (e.g. $100k)
Phase 1 - Launch on Amplitude
Due by January 27, 2023 Last updated about 3 hours ago
• 5 stablecoins configured • Total volume that can be bridged limit…(more)
Phase 2 - Getting external operators on-board [Amplitude]
Due by February 03, 2023 Last updated about 3 hours ago
• Total limit increased to $10k
• 1+ external vault operator
Interesting stats on blockchain development levels last year. Polkadot second only to Ethereum. Bear in mind Polkadot first launched in May 2020. Ethereum 2015, Solana 2019, Cosmos 2016. https://www.developerreport.com/
National Australia Bank creates stablecoin called AUDN: AFR
https://www.theblock.co/post/203614/national-australia-bank-creates-stablecoin-called-audn-afr
I posted this graphic a while ago but there seem to be some new interest here so thought it might be useful to show what pendulum/spacewalk is all about.
https://pbs.twimg.com/media/FZIBEYGXoAAXquH.jpg
Building a Composable Fiat Chain With Interoperable Blockchain Offering:
Pendulum CTO Torsten Stuber on Building a Blockchain Platform for Stablecoin
https://hackernoon.com/building-a-composable-fiat-chain-with-interoperable-blockchain-offering
momentum building !
5 New Tokens Worth Watching in 2023
https://coincheckup.com/blog/5-new-tokens-worth-watching-in-2023/
Blueshoes - great link thank you - one of the more balanced views of the crypto spaces and for what its worth one on the whole, I agree with. Would recommend people take the time to watch.
Dark - :-)
Very encouraging that Lots of Development going on in readiness for the next bull run. Polkadot head the L1 defi chains
https://finbold.com/top-10-cryptocurrencies-by-github-development-activity-as-of-january-2023/
Blu : Pendulum mainnet launch projected for FEB along with Spacewalk and the PEN and AMBR TGE - so thats when a Pendulum initial valuation of sorts can made. But that is really only the beginning of the journey. From a financial point of view the current state of the crypto ecosystem will not be conducive to a high valuation as all altcoins/tokens are at all time lows.
Crypto is now intrinsically linked to the macro financial world so the next crypto bull run is in the hands of government policy (FED rates, FOMC etc)
My personal view is now is the time to accumulate your chosen stocks/cryptos as we seem be be around the bottom, although cryptos could fall further yet. These opportunities only come round every so often.
In the meantime there is lots of background work going on at Pendulum so the time is being used well.
DeFi and Traditional Finance: A Match Made in Heaven?
https://pendulum-chain.medium.com/defi-and-traditional-finance-a-match-made-in-heaven-fbcd56ae7e04