InvestAnswers Newsletter

InvestAnswers Newsletter

Share this post

InvestAnswers Newsletter
InvestAnswers Newsletter
RECAP: TOTAL GAME CHANGER
Copy link
Facebook
Email
Notes
More

RECAP: TOTAL GAME CHANGER

🌟 OCTA: Why ETH ETF is a Massive Game-Changer 🚀

InvestAnswers's avatar
InvestAnswers
May 23, 2024
∙ Paid
Share

Today’s Nuggets

  • Americans’ Attitudes Toward Early Retirement

  • Head of the World Economic Forum Stepping Down

  • AI Dominating Performance in Crypto

  • Ethereum Jumps Layers on ATR Model in 12 Hours

  • ETH ETF Incoming?

  • SAB 121 Sends Warren & Biden a Message

  • The Most Important Piece of U.S. Legislation to Date

  • Giant Unified Market Initiative Launches

  • Phantom & Bitski Change the Game

  • Tesla Spikes and Nvidia Looking Good

  • The U.S. Median House Price Hits All-Time High


Today, we will cover the Ethereum story and why I believe it is a game-changing moment for the whole space. We will also cover everything that you need to know.

Crypto Market Update:

  • The global crypto market cap is $2.6 trillion; it was at $2.1 trillion a few days ago;

  • The 24-hour volume is $165.44 billion;

  • ETH market dominance is back up to 17.5%, coming back from 15%;

  • The Crypto Fear & Greed Index is currently Greed (76); and

  • Amid SEC's revised filing request, optimism grows for Ethereum ETF approval by week's end.

It is crazy how fast things happen. I always say risk happens fast!



Last night, there were massive spreads related to Bitcoin between Coinbase and Binance.

Interestingly, Binance was cheaper than Coinbase a couple of weeks ago; the reverse was true.

This causes me to beg the question: Is this perhaps because there is scant supply on one exchange because of the ETFs?


Always watch the unlocks, as I have been covering them for years now:

  • AVAX has a monster unlock of $421 million.

  • ID = 4.3%

  • LBR = 2.62%

  • ALT = 7.73%

  • NIM = 3.26%

  • YGG = 4.51%; all of these gaming tokens are always raining tokens, so be careful out there!

By the way, the Pyth unlock is behind us. Interestingly, the PYTH token has held up, but that is because 

Keep reading with a 7-day free trial

Subscribe to InvestAnswers Newsletter to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 InvestAnswers
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More