Bankless ROLLUP: 4th Week of April (Venmo Crypto, Canada ETH ETF, Dogecoin & Safemoon, Ampleforth Airdrop)
Apr 23, 2021
Dive into the dynamic world of cryptocurrency as recent market shifts spotlight Ethereum's ascent over Bitcoin. Discover Venmo's bold move into crypto trading, expanding access for millions. Unpack the promising potential of Ethereum staking returns post-EIP 1559 and the implications of Canada's new crypto ETFs. Explore the triumphs and challenges of NFTs and decentralized finance, while addressing the issues of gas fees and regulatory changes affecting the industry. This week is packed with insights that every crypto enthusiast won't want to miss!
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Episode notes
Bitcoin Dominance and Alt Season
- Bitcoin dominance is falling, indicating a potential alt season as investors move to riskier assets.
- This pattern resembles 2017 and suggests a further decline in Bitcoin's dominance.
Ether vs. Bitcoin
- Ether is reaching all-time highs while Bitcoin struggles, potentially signaling a shift in market dynamics.
- The ETH/BTC ratio is also increasing, suggesting Ether's growing strength relative to Bitcoin.
Use Ethereum, Don't Just Hoard
- Actively use Ethereum and DeFi protocols, don't just hoard Ether.
- On-chain metrics like increasing transactions and active addresses demonstrate growing network usage.